The fundamental problem of the last OPEC meeting is the evidence of the division between two groups. One, led by Iran, which wants higher prices and deeper cuts, and the two largest producers, Saudi Arabia and Russia, who support a more diplomatic position. Continue reading OPEC’s Dilemma
All posts by Daniel Lacalle
Trade War? No. Saturation of Monetary Excess
In the past week, emerging markets have seen the highest outflows since September 2015. Additionally, the Chinese market and its currency have completely roundtripped from the January highs. Continue reading Trade War? No. Saturation of Monetary Excess
Tax Cuts Work. The Evidence Is Here
It happened again. Tax receipts rose to all-time highs in the US after the recent tax cuts.
U.S. tax revenues are $779bn above budget (read here) and capex, wages and repatriation of capital are soaring.
Robots do not destroy employment, politicians do
I’m not worried about artificial intelligence, I’m terrified of human stupidity.
The debate about technology and its role in society that we need to have is being used to deceive citizens and scare them about the future so they accept to submit to politicians who cannot nor will protect us from the challenges of robotization. Continue reading Robots do not destroy employment, politicians do