The Fed, ECB and BOJ have collectively added more than $20 trillion worth of asset purchases globally since the onset of the Great Recession.
This endeavor has been fundamentally misguided from the start, says economist, author and Tressis CIO Daniel Lacalle.
Central bankers cannot print growth, Lacalle says.
Continue reading Escape from the Central Bank Trap (Seeking Alpha, Hedgeye)
BBC World Service. Listen to the interview in the link here.
Continue reading China-US Trade Agreement Shows Why Trade Wars Are So Unlikely (BBC Interview)
In this video we highlight the risk of rising imbalances in emerging markets.
Continue reading Emerging Markets Risks Are Larger Than Expected
When commodities are rising due to a weak dollar, and the long-term curve is not moving, it is not a good idea to express that move by investing in equities, at least not for the long-term. Continue reading The Challenge In Commodity Investment