Audio Mises Wire

Home | Mises Library | An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.

An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.

  • Audio Mises Wire
0 Views

Tags Booms and BustsGlobal Economy

06/02/2020Daniel Lacalle

The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even worse.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: "An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.​​"

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Author:

Daniel Lacalle

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat (2015), and Life in the Financial Markets (2014).

He is a professor of global economy at IE Business School in Madrid.

When commenting, please post a concise, civil, and informative comment. Full comment policy here
Shield icon audio