In this short video we explore the weaknesses and strengths of the Euro in the middle of financial repression and currency wars.
Watch the full video at: Real Vision
Daniel Lacalle is Chief Economist at Tressis, SV a PhD in Economics and author of Life In The Financial Markets, The Energy World Is Flat (Wiley) and Escape from the Central Bank Trap (BEP).
Very few people pay attention to the debt ceiling risks, and for a reason. The debt ceiling has been raised 74 times since March 1962. I commented it in the BBC as far as 2013 (here). It is, therefore, logical that investors and citizens believe that it will be raised yet again in September. Continue reading The Debt Ceiling… And Why It Matters
Central banks are behaving like pyromaniac firefighters, presenting themselves as the solution to the crises their policies create.
In this interview at Real Vision, we discuss this issue.
Daniel Lacalle is Chief Economist at Tressis SV, has a PhD in Economics and is author of “Escape from the Central Bank Trap”, “Life In The Financial Markets” and “The Energy World Is Flat” (Wiley)
Follow Real Vision at @Realvision
The FT recently run an article that states that “leading central banks now own a fifth of their governments’ total debt”.
The figures are staggering. Without any recession or crisis, major central banks are purchasing more than $200bn a month in government and private debt, led by the ECB and the Bank of Japan.
Continue reading Are Central Banks Nationalising the Economy?