All posts by Daniel Lacalle

About Daniel Lacalle

Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Author of bestsellers "Life In The Financial Markets" and "The Energy World Is Flat" as well as "Escape From the Central Bank Trap". Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Frequent collaborator with CNBC, Bloomberg, CNN, Hedgeye, Epoch Times, Mises Institute, BBN Times, Wall Street Journal, El Español, A3 Media and 13TV. Holds the CIIA (Certified International Investment Analyst) and masters in Economic Investigation and IESE.

Commodities Update: More Supply… Don’t Bet On Price Inflation

Energy, Global Economy, On the cover, Sin categoría

Brent – WTI differential shrunk recently from $20 to $11.5/bbl.WTI rallied due to the Keystone line fill. Before the pipeline goes into service it needs to be filled up with oil (600kbpd) so there is a continuous flow once it starts up. The pipeline is 485 miles long and goes from Cushing, OK to Nederland, TX. Careful, this is a technical and temporary effect. Continue reading Commodities Update: More Supply… Don’t Bet On Price Inflation →

My Favourite Pop Christmas Songs

Global Economy, On the cover, Sin categoría

1) “Winter Symphony” (Brian Wilson, “Christmas Album” (Extended Edition) by The Beach Boys).Brian Wilson was going through a rough period in the mid 70s, locked in his home, not daring to leave, battling the demons of drugs, mental illness and an abusive environment. However, in the 70s he sporadically wrote gems like this evocative Christmas song, particularly coming from a person who has never lived outside of California. This song remained unpublished and only available on bootlegs for many years. For me one of Brian Wilson’s masterpieces. We love you, Brian!

Play
Continue reading My Favourite Pop Christmas Songs →

Bitcoin. Free currency? Bubble? Or Ponzi Scheme?

Global Economy, On the cover, Sin categoría

Bitcoin is the beginning of something great: a currency without a government, something Necessary and imperative – Nassim Taleb
I do not understand Bitcoin, but I do not understand women either and I am married – U.S. trader

During the intense weeks promoting my book Journey to Economic Freedom I’ve been asked several times about my opinion on Bitcoin , the so-called “virtual currency” that has increased in price more than 100 times in eleven months. Continue reading Bitcoin. Free currency? Bubble? Or Ponzi Scheme? →

The US Growth Mirage

Global Economy, On the cover, Sin categoría
The United States has had five years of elevated joblessness and subpar growth – John Cassidy
Nov 2013

In 1982,  Fleetwood Mac released an album called “Mirage”, giving a false impression of collaboration and partnership between the turmoil, hatred and grudges. Nevertheless, it sold several million copies. The mirage of our days may be the expectation of 2.9% growth in the United States in 2014. And it also sells a lot. Continue reading The US Growth Mirage →