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Olav Dirkmaat

Olav Dirkmaat is co-director of UFM Market Trends, an economics/finance newsletter, and senior lecturer in economics at the Business School of Universidad Francisco Marroquín. Before, he was VP at Nxchange ( and precious metals analyst at GoldRepublic ( He is a PhD candidate in Economics at the Rey Juan Carlos University in Madrid and holds a master in (Austrian) Economics from the same university, in addition to a master in Marketing from the VU University in Amsterdam. He is the co-translator and publisher of Human Action into Dutch.

All Works

The Real Reason Behind the U.S. Trade Deficit (and Why Trump’s Trade War Is Insane)


A trade deficit is caused by foreign investment. Is spite of what Donald Trump thinks, that's not a bad thing. 

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Trump’s Tax Reform Dissected

Taxes and Spending

Trump is apparently willing to sacrifice future for present growth on the back of the American taxpayer.
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How OPEC Became Irrelevant

The EntrepreneurGlobal Economy

Traditional oil-producing countries still fail to face the new reality.
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Delinquency Rates Rising: Is A New Crisis Approaching?

Money and BanksU.S. EconomyMoney and Banking


The delinquency rate is an indicator for "credit stress," but few are paying attention to its sudden rise. Is a new banking crisis imminent?

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