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.

More Merkel, Better Europe

English, Global Economy, Merkel, On the cover

“However the Germans vote on 22 September, Berlin’s attitude to the EU is not going to change much” – Charles Grant

Two weeks ago, Angela Merkel and Peer Steinbrück , leading candidates for German Chancellor,  held an election debate on TV. It was a quiet event, without fanfare or big accusations. There were no negative comments to the policies of budget cuts, rather the opposite. Commenting this with German friends, they told me: “The obsession with the so-called austerity is a problem in other countries, here people understand that budgets must be balanced”. Continue reading More Merkel, Better Europe →

Debt Is Still The Problem

Global Economy, On the cover, Sin categoría
“The debt compromise is like eating a Satan sandwich” Emanuel Cleaver

Yesterday I heard again a sentence that tends to be repeated frequently: “Deficits support growth”. It assumes with his claim that increasing deficits helps economic recovery, rather than see that such recovery is much slower and fragile precisely because of the large deficits and the cost of financing them with taxes. Continue reading Debt Is Still The Problem →

Spain, Bottoming Out

Global Economy, On the cover, Sin categoría, Spain

“It’s not how far you fall, but how high you bounce that counts.” Zig Ziglar

I have mentioned in interviews for a few months that indicators show that Spain is bottoming out and showing signs of improvement. Nobody can deny that in the past I have always doubted the so-called “green shoots”, but this year the encouraging data accumulation is significant. Continue reading Spain, Bottoming Out →