The saying goes that the biggest trick the devil ever pulled was convincing the world he does not exist. In the case of monetary policy, the “devil” has convinced us there is no inflation, and there is no risk in the current monetary policy. Continue reading The Fed’s “Normalization”
Daniel Lacalle is Chief Economist at Tressis, SV a PhD in Economics and author of Life In The Financial Markets, The Energy World Is Flat (Wiley) and Escape from the Central Bank Trap (BEP)
A few months ago Guillermo Gortázar told us that the bailout of Cuba has cost Spanish taxpayers 1.5 billion euros and a deferral of a similar amount by 18 years. The cancellation of the regime’s debt by some countries, unfortunately, has not helped to promote freedom and democracy, but to perpetuate the dictatorship. Continue reading Do Not Forget Cuba
Very few people pay attention to the debt ceiling risks, and for a reason. The debt ceiling has been raised 74 times since March 1962. I commented it in the BBC as far as 2013 (here). It is, therefore, logical that investors and citizens believe that it will be raised yet again in September. Continue reading The Debt Ceiling… And Why It Matters