Any tax cut will always be attacked by the interventionist crowd. The main argument is deficits. Something I find amusing because those same interventionists are the ones that defend massive deficits when it comes from rising expenditure. Why? Because government spending empowers politicians and their crony sectors while tax cuts empower citizens. Continue reading The Tax Cut And Jobs Act Is Working Better Than Expected
All posts by Daniel Lacalle
Is The Oil Burden A Rising Problem?
While markets become increasingly bullish, oil prices are close to a “warning zone” where the barrel could be one -if not the only- catalyst of a major slowdown. Continue reading Is The Oil Burden A Rising Problem?
Ten Years After Lehman. The Solution Was “More Lehmans”
The day Lehman went bankrupt I left the office in London for Waterloo Station and realized that something monumental had happened. The faces of the dozens of people waiting patiently for trains from the center to their homes were revealing. Most of them were, like me, City workers. Panic. Continue reading Ten Years After Lehman. The Solution Was “More Lehmans”
India. The Biggest Risk In Emerging Markets?
The biggest mistakes in analysing macroeconomic data is to assume causality to factors that are just catalysts. Continue reading India. The Biggest Risk In Emerging Markets?