Trade War Hides Imbalances

The constant headlines about the US-China trade war are hiding the rising imbalances of the Chinese and European economies.

The US is slowing down, but the data continues to be much better than what we have seen in comparable economies.

China is showing its US dollar shortage despite alleged stronger reserves.

The Eurozone leveraged its economy to the global growth accelerating and the bet is not paying off.

 

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.

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