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.

Invest In Spain

INVEST IN SPAIN is the official Spanish organisation for the promotion of foreign investment in Spain. It focusses on new direct investment and investment in companies. Please find below the link for the presentation on opportunities for investment in Spain. I would like to highlight the sectorial approach with information on the main sectors of the Spanish economy.

http://www.investinspain.org/icex/cma/contentTypes/common/records/viewDocument/0,,,00.bin?doc=4461005

Kleptocracy, value creation and the opportunity for Spain

This article was published in El Confidencial on January 19th 2013

“This threat of cronyism and patronage is not a threat. I think it’s a promise ” John Gage

“I do not worry if there are useless people in this organization, what worries me is if the useless are proactive.” This sentence comes from a senior executive with whom I had the pleasure of working for many years, and it encapsulates the biggest risk facing the ‘brand Spain’ after the recent embrace of optimism courtesy of the fall in sovereign risk premium. Now Spain faces its own acid test. Continue reading Kleptocracy, value creation and the opportunity for Spain

The disastrous effect of subsidies in a few charts

De-industrialization in Europe is slow, painful but relentless. The main reason for this remains in the excessive cost of energy that destroys competitiveness. Why does this happen when there is plenty of spare capacity, diversification of supply and renewables are supposed to reduce the impact of high oil price and gas? Continue reading The disastrous effect of subsidies in a few charts