Daniel Lacalle is Chief Economist at Tressis SV, 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” (Wiley)

@dlacalle_IA

Picture courtesy of Tressis

– See more at: https://www.dlacalle.com/global-debt-soars-the-fallacy-of-fiscal-multipliers/#sthash.o8HcM1Iw.dpuf