World debt at $250 trillion is 3x global GDP – an all-time record. If we included unfunded liabilities and derivatives, total debts and liabilities amount to over 25x global GDP. Continue reading There is no savings glut. At all
All posts by Daniel Lacalle
“Crises Happen When We Believe There Is No Risk” Conference at Bloomberg “The Next Big Thing”
This is a video excerpt from my keynote speech at the Bloomberg annual conference “The Next Big Thing”. Continue reading “Crises Happen When We Believe There Is No Risk” Conference at Bloomberg “The Next Big Thing”
A US-China Trade Deal Will Likely Be A Zero-Sum Game
As I explained on CNBC:
Even the most optimistic assumptions are unlikely to change the trend of weak global growth.
Continue reading A US-China Trade Deal Will Likely Be A Zero-Sum Game

How Do We Go From Slowdown To A Crisis? World Economics Episode 8
In this episode of our video blog, we discuss what drives an economy to a crisis.
Governments always see the problem of the economy as a demand issue, and tend to create larger imbalances by pushing demand-side policies.