Category Archives: Global Economy

Global Economy

Turkish Lira Decline a ‘Symptom’ of EM Fiscal Imbalances (Bloomberg TV)

Watch the full video here.

In this interview we comment on the risks of emerging markets, rising imbalances, and a consensus bet on a weak US dollar and low rates that has led to large fiscal and, in some cases, trade deficits. Continue reading Turkish Lira Decline a ‘Symptom’ of EM Fiscal Imbalances (Bloomberg TV) →

The Fed, ECB and BOJ have collectively added more than $20 trillion worth of asset purchases globally since the onset of the Great Recession.

This endeavor has been fundamentally misguided from the start, says economist, author and Tressis CIO Daniel Lacalle.

Central bankers cannot print growth, Lacalle says.

Read the entire interview here.

Central bankers are like “pyromaniac firefighters” creating crisis after crisis, hedge fund manager and economist Daniel Lacalle told BI.
The 2008 financial crisis happened because of central bank policies, Lacalle said, adding that the next crisis is already being created and could be worse.
Central bank policies have been a “lottery” for investors but have pushed the rest of the population further into debt, the economist said.

BBC World Service. Listen to the interview in the link here.