In this short video we explain why investors should pay attention to the wall of refinancing happening in global markets, and the increase in debt way above economic output growth.
Daniel Lacalle is Chief Economist at Tressis and author of Escape from the Central Bank Trap, The Energy World Is Flat and Life In The Financial Markets. Continue reading Debt Matters
Inflation has been one of the main drivers of market positioning in recent months, and a major driver of the recent correction in financial markets. However, can we say we are in a strong reflation period? Hardly. Continue reading Inflation Expectations Look Overblown
“One thing I’m sure of, I’m in the deep freeze, cold turkey has got me on the run,” John Lennon.
After more than 20 trillion dollars of incorrectly-called “stimulus”, the addiction to monetary laughing gas has generated what a predictable, and generalized, drop in stocks and risky assets. Predictable as it was, it caught many of us – I included- by surprise because financial repression leads us to chase momentum on the evidence that prices surpass even the most aggressive analysis.