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Daniel Lacalle

Daniel Lacalle has a PhD in Economics and is author of Escape from the Central Bank Trap, Life In The Financial Markets and The Energy World Is Flat.

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Central Banks are Making "Conservative Investments" Riskier. This Could Be Disastrous for Pensions.

Financial MarketsMoney and BanksMoney and Banking

Blog07/24/2019

The fact that the most conservative investors are being forced to purchase bonds of nearly bankrupt companies for virtually no yield is not a success of monetary policy nor a tool for growth.

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Markets are Cheering Christine Lagarde's Appointment to the ECB. Here's Why That's Trouble.

Financial MarketsMoney and Banks

Blog07/12/2019

The market probably interprets correctly that the European Central Bank will become even more dovish under Lagarde. This will encourage more risk in the financial system.

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Negative Rates Have Damaged Banks, But That Is Not The Worst Effect

06/25/2019Power & Market
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Does the US Need a Rate Cut? No!

A rate cut would only create a larger problem in the future. If the already dangerous corporate and sovereign debt bubble grows significantly more, no monetary policy will prevent a debt crisis.

06/17/2019Power & Market
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The ECB Continues to Incentivize Reckless Behavior

Global EconomyMoney and BanksMoney and Banking

Blog06/08/2019

Monetary policy has gone from being a tool to support fiscal reforms to an excuse for not implementing them.

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