The end of the era of cheap money highlights the risk of “Enron-style” bankruptcies in many sectors, including renewable energy. With the path of three rate hikes in the United States in 2018 confirmed by the Federal Reserve and a nervous equity market, the challenges are more evident than ever.
In this short video we explain why investors should pay attention to the wall of refinancing happening in global markets, and the increase in debt way above economic output growth.
Daniel Lacalle is Chief Economist at Tressis and author of Escape from the Central Bank Trap, The Energy World Is Flat and Life In The Financial Markets. Continue reading Debt Matters
Inflation has been one of the main drivers of market positioning in recent months, and a major driver of the recent correction in financial markets. However, can we say we are in a strong reflation period? Hardly. Continue reading Inflation Expectations Look Overblown