Subzero Rates Are Coming to the US and the UK
When this happens, it becomes necessary to protect one’s savings with gold, silver, inflation-linked instruments, and…
Continue readingDaniel LaCalle
Compared to Europe and China, America Is Still a Safe Bet
Betting against America is a bad idea, even if the Biden Administration tries to…
Continue readingThis Time Is Not Different: More Debt, Less Growth
All the central bank quantitative easing programs do not prevent the bankruptcy domino from accelerating in 2021, just as we saw in…
Continue readingWhy Mainstream Economic Forecasts Are So Often Wrong
We must also remember that mainstream bodies are almost entirely populated by Keynesian economists, and there is a tendency to…
Continue readingNew Lockdowns and More Regulations Are Disastrous for US Jobs
The “Great Reset” and Plans for a Global War on Savings
There is an enormous risk that governments will use the excuse of canceling part of their debt with a decision to cancel a large part of our savings….
Continue readingThere Is No Chinese Economic Miracle
The data from China is apparently spectacular. What is behind the Chinese miracle?
Continue readingThe Economic Recovery Is Stalling: We Need Pro-Market Reforms Now
Most developed economies face a dangerous dilemma: choose to follow the path of debt stagnation or strengthen the economy to exit the crisis in…
Continue readingIf the US Adopts Eurozone Policies, the Jobs Recovery Will Suffer
The employment recovery in the United States is as impressive as the collapse due to the lockdowns…
Continue readingThe US Dollar Collapse Is Greatly Exaggerated
This is not a year of US Dollar weakness or the end of its supremacy as reserve currency, what we are witnessing is a…
Continue readingBankruptcies Rise Despite Trillions in New Liquidity
One of the most alarming facts about this crisis is the pace at which bankruptcies are rising. Despite an $11 trillion liquidity injection and…
Continue readingThe Global Jobless Recovery
If governments don’t implement significant supply-side measures that incentivize new business creation and growth in small ones, we may find…
Continue readingTrump’s Spending Is Making The US Economic Recovery Harder, Biden Would Make It Even Worse
The magic money tree does not exist. Monetary policy is only disguising a structural and dangerous spending problem. This reckless behavior can only…
Continue readingEurope’s Bailouts Risk a Full-Blown Financial Crisis
The measures implemented by governments in the eurozone have one common denominator: a massive increase in debt from governments and..
Continue readingThe Central Bank “Bailout of Everything” Will Be a Disaster
The same time as we see the largest support plan since WWII, we are witnessing two dangerous collateral effects: the rise of zombie companies and the collapse of…
Continue readingAn “L”-Shaped Recovery Is Not an Anomaly, It Is the Norm.
If this crisis has told us anything, it’s that even the most bearish have been too optimistic…
Continue readingHow Governments Broke the Oil Market
America’s storage problems were already evident years before the COVID-19 crisis. The United States has a historic problem with the storage and…
Continue readingCentral Banks and the Next Crisis: From Deflation to Stagflation
This is a health crisis and a supply shock added to the forced shutdown of the economy. As such, policies aimed at boosting demand have…
Continue readingGovernments Can’t Fix This Economic Crisis They Caused
It is ludicrous to try to stimulate demand with printed money and public spending in a forced lockdown… by Daniel Lacalle via Mises Wire Before analyzing the emergency plans that […]
Continue readingThe Fed Panicked, And Its Rate Cut Is Making The Economy Worse
There is no lack of monetary stimulus in the economy…
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