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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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The Rise of Zombie Companies — And Why It Matters

Money and BanksMoney and Banking

08/08/2017FedWatch
A zombie company merely survives thanks to the constant refinancing of its debt. Thanks to central banks, their numbers are alarmingly large.

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Europe's Unsustainable Welfare State

Taxes and SpendingInterventionism

Blog07/14/2017
The EU average tax burden on workers is 44.9%. The average worker in the EU spends half a year working for the tax man. This is not sustainable.

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A Look at Uncertainty in the UK, Post-Election

Capital and Interest Theory

06/27/2017FedWatch
It's becoming increasingly clear the Bank of England is sticking to an uncomfortably aggressive quantitative easing program.

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Draghi Doesn’t See "Bubbles" — Let Me Show You Some

Money and BanksMoney and Banking

06/24/2017FedWatch
Mario Draghi has many warnings for us about the next crisis, but he fails to note that the artificial creation of money is always behind those crises.

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