Daniel Lacalle

Who Buys a 100 Year Argentina Bond?

Who Buys a 100 Year Argentina Bond?

If there is a sign of the impact of financial repression on credit investors and the “search for yield” policy it is seeing that Argentina has issued a 100 year bond at 8.25%. The $2.5bn issue was oversubscribed 3.5 times, which shows how credit investors are more than hungry for any kind of yield, as […]

 Daniel Lacalle

Video: Presentation + Q&A (in English) of Escape from the Central Bank Trap at the IEB

Video: Presentation + Q&A (in English) of Escape from the Central Bank Trap at the IEB

Daniel Lacalle is Chief Economist at Tressis SV, has a PhD in Economics and is author of “Escape from the Central Bank Trap”, “Life In The Financial Markets” and “The Energy World Is Flat” (Wiley) Images courtesy @IEB  

 Daniel Lacalle

How will the Fed reduce its balance sheet & and how will the ECB end QE? – 18 economic experts weigh in (Focus Economics)

How will the Fed reduce its balance sheet & and how will the ECB end QE? – 18 economic experts weigh in (Focus Economics)

I believe this is a truly excellent article explaining expansionary monetary policies and outlining the possibilities of unwinding quantitative easing programs. Eighteen global leading economists share their opinions. Please read all the comments at Focus Economics here. My part: “The Federal Reserve is already seriously behind the curve. Reducing the balance sheet by $600bn after a […]

 Daniel Lacalle

What Does Dr Copper Tell Us About Global Growth?

What Does Dr Copper Tell Us About Global Growth?

Weakness in Copper persists, and it shows the risks to optimistic global growth and inflation expectations. This weakness is down to a number of reasons: Copper is the commodity that is most linked to industrial production. Copper price is a good indicator of the global economy as fluctuations in price are usually determined by industrial demand.  Given that […]

 Daniel Lacalle

Oportunidades y riesgos tras la subida de tipos de la Fed

Oportunidades y riesgos tras la subida de tipos de la Fed

  En el análisis de esta semana comentamos cómo está afectando a las bolsas norteamericana, europea y de emergentes, la subida de tipos de la Fed y las expectativas de inflación.

 Daniel Lacalle

Deuda y demagogia

“At this rate we gon’ both die broke” Kanye West

Si ustedes leen los medios de comunicación, parecerá que la deuda de España se ha disparado y que es un fenómeno único. Y no lo es. Pero no por ello debemos dejar de alertar de los riesgos. La deuda pública crecía a un 100,4% del PIB, tras aumentar en 31.864 millones de euros en doce […]

 Daniel Lacalle

Vídeo: La compra del Popular: ¿qué hay detrás?

La Pizarra

En esta ocasión comentamos qué hay detrás de la compra del Popular. Cómo repercute en el Santander y cuáles serían los futuros escenarios para la compañía.

 Daniel Lacalle

Video: Buy US Dollar Assets. Opportunities and risks after the Fed rate hike

Video: Buy US Dollar Assets. Opportunities and risks after the Fed rate hike

  Daniel Lacalle is Chief Economist at Tressis SV, has a PhD in Economics and is author of “Escape from the Central Bank Trap”, “Life In The Financial Markets” and “The Energy World Is Flat” (Wiley) @dlacalle_IA Picture courtesy of Tressis – See more at: http://www.dlacalle.com/global-debt-soars-the-fallacy-of-fiscal-multipliers/#sthash.o8HcM1Iw.dpuf

 Daniel Lacalle

Aclarando falsedades

  Siempre se dice que tengas cuidado con quien te alaba.   El pasado jueves 15 de julio el profesor César Romero me hizo llegar un mensaje directo por Twitter en el que me agradecía que hubiera empezado a seguirle en dicha red social. En el mismo mensaje compartía conmigo un texto suyo, con las […]

 Daniel Lacalle

LACALLE RESPONDE

Aclarando falsedades

16/09/2016 18:04 Actualizado: 16/09/2016 18:05 DANIEL LACALLE He leído con sorpresa e indignación el artículo “Cifuentes nombra para traer la City a Lacalle, mano derecha del imputado en la Púnica Javier López Madrid” de Patricia López publicado el 16 de septiembre de 2016 en Público. Ante las mentiras, inexactitudes e implicaciones que evidentemente se quieren […]

 Daniel Lacalle

Vídeo: La economía española en perspectiva” en la II Semana Atlántica del IADG (con Manuel Pizarro)

Vídeo: La economía española en perspectiva” en la II Semana Atlántica del IADG (con Manuel Pizarro)

Os adjunto el vídeo de la charla con Manuel Pizarro sobre la situación económica española y los retos que se presentan.  

 Daniel Lacalle

Global Debt Soars to 325% of GDP. The Fallacy of Fiscal Multipliers

Global Debt Soars to 325% of GDP. The Fallacy of Fiscal Multipliers

Global debt has soared to 325% of world GDP, led by increases in public debt precisely from those countries that have not implemented any kind of austerity. Public debt, in particular, has doubled in the US and China since 2006, and rose 50% in Japan and the Eurozone. (Graph courtesy Daily Telegraph) It is curious, or […]