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”
All posts by Daniel Lacalle
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?
Why I believe the US stock market is cheap vs others
The stock market, like any other market, is a set of relative opportunities, not absolute ones.
I have never seen a more pessimistic environment despite a stock market that continues to reach all-time highs. The S&P 500.
Continue reading Why I believe the US stock market is cheap vs others
No, Governments With Monetary Sovereignty Cannot Issue All The Debt They Want
In this era of monetary fiction, one tends to read all types of undocumented and misguided views on monetary policy. However, if there is one that really is infuriating is the MMT science fiction. Continue reading No, Governments With Monetary Sovereignty Cannot Issue All The Debt They Want