If we want to understand whether the recent bounce is a true buying opportunity we need to believe that stocks are cheaper.
Continue reading Is The Stock Market Cheaper After The Crash?All posts by Daniel Lacalle
Freedom Or Equality Interviews
Socialism? New Green Deal? Printing Money For The People? Medicare For All? More Government? Public Banking? Nordic Model?
Continue reading Freedom Or Equality InterviewsLatin America. Two Kinds of Crises
The crisis in Latin America shows two very different types of economic decline:
Continue reading Latin America. Two Kinds of CrisesThe ECB Cannot Disguise Risk Much Longer
Despite the unprecedented increase in the ECB’s asset purchase program, the spread of Southern Europe sovereign bonds versus German ones is rising.
The ECB balance sheet has soared to more than 42% of the eurozone’s GDP, compared to the Fed 27% vs U.S. GDP. However, at the same time, excess liquidity has ballooned to more than 2.1 trillion euros.
Continue reading The ECB Cannot Disguise Risk Much Longer