What if we create a public bank? The savings banks worked nicely. – Good idea, I want to be chairman.- Capitalism doesn’t work, let’s spend more.
- It’s for your own good, let me help you.
- You don’t understand, let me do it.
- It had to happen, let’s create a committee.
- Government is here to help.
- Read the manual.
- It didn’t work, let’s repeat it.
- We need more supervisory boards.
- Our analysis is impeccable.
- You are not competitive.
- You live above your means.
- Your private debt is too high.
All posts by Daniel Lacalle
Geopolitics and the Oil Price
As I mentioned in CNBC recently, oil was on its way to re-rate. Since then, Brent has risen 6%, with WTI +7.5% despite US record production (8.9 mbpd) and perceived slow-down of demand growth. Continue reading Geopolitics and the Oil Price
My Latest Videos and Interviews
Antena 3 con Susanna Griso (a partir de minuto 20) Continue reading My Latest Videos and Interviews Mortgage Rates Explode in US
Comment from my colleague Matt:This will likely show up in reduced mortgage activity in the weeks ahead, which suggests it will bleed into housing comps for Q3. This might lead to a rate shock by consumers, an almost complete halt to all re-mortgaging/refinancing and I would guess cause rates to back up a bit in response…