The recent macroeconomic data of the leading economies point to a widespread slowdown. What is more concerning is not just a logical moderation in the path of growth, but the acceleration in the weakening of economies that were supposed to be stronger and healthier. It is even more concerning that this aggressive worsening of key leading indicators in China, the EU, and most emerging economies happens at the peak of the largest monetary and fiscal stimulus in decades. Continue reading From Slowdown To Crisis. Liquidity and low rates, wrong solutions for the wrong diagnosis
All posts by Daniel Lacalle
Change Of Cycle: Ideas For 2019
Base Metals Outlook For 2019
Copper and iron ore remain a risk in 2019 in the commodities complex. Zinc represents the best combination of strong fundamentals and low financial risk.
Crude Oil Price 2019 & Insights from Daniel Lacalle
Key Points Discussed (original link and summary by Richard Snow)
- The Texas oil revolution
- Diminishing effectiveness of monetary policy
- Commodity prices and the Trade War ‘facade’
- Perverse incentives and the inverted credit cycle
- The Chinese debt load
- Forecasts and trading strategies for 2019
Continue reading Crude Oil Price 2019 & Insights from Daniel Lacalle