Daniel Lacalle

87 Voos
Daniel Lacalle

Daniel Lacalle

@dlacalle_IA

PhD #Economist #Author. Chief Economist, Tressis. #Professor @IEbusiness #Advisor @frdelpino. YouTube: https://t.co/sjWtBdfIT7

London, UKdlacalle.com/enIngressou em junho de 2026
Japan, a great country with public finances destroyed by Keynesianism. Spending out of control, record debt... Yields soar, currency plummets. via Bloomberg
Think about this: UK 🇬🇧: Stagnation with rising government spending and higher taxes, and rising inflation. France 🇫🇷: Stagnation with unsustainable government size and destructive taxation. Germany 🇩🇪: Stagnation with rising government spending and the wrong energy and im…
Gold is money; sovereign debt is no longer a reserve asset. Central banks are buying a lot, but they need a lot more. For gold to account for 60% of total reserves, central banks would need to purchase an additional 40,000–60,000 tonnes of physical gold, doubling or tripling th…
New feudalism: Government promises free stuff printing currency and increasing debt. The currency loses purchasing power. Your real wages fall, your taxes rise, your savings disolve and you cannot afford most things. You are poorer and more dependent. Repeat.
No, it's not Bitcoin. It's the UK sovereign bond yield. New highs, worse than Greece or France. The government budget massively increases spending and destroys the economy with more taxes. No one resigns. Socialism always destroys what it pretends to defend. via Bloomberg
Argentina eliminated currency exchange controls. What happened? ❌Keynesian "experts" said inflation would soar to 5%-7% per month. ✅Inflation falls to 2.8%. Keynesians are wrong. Again. A lot accomplished. A lot to do. Freedom advances. @JMilei
🇦🇷Argentina. President Milei continues to deliver. ✅Currency controls eliminated ✅IMF deal achieved. ✅Poverty at lowest level since 2022 ✅Unemployment declining fast. ✅Real wages rising. ✅Economic growth. ✅Full economic recovery from the nightmare inherited from socialism. L…
"Unused savings" is an absurdity that only European Commission bureaucrats would invent. 1- All savings are invested in the economy. 2- What the EU wants is to take control of your money.
Germany was once a global industrial powerhouse. Only politicians could have destroyed such strength. And they did. Insane energy policy, ridiculous automotive sector obligations, high taxes, and crippling regulatory burdens. On Sunday, Germans can vote for more of the same with…
The UK is not in stagnation due to Brexit. France and Germany are also in stagnation. The UK is in stagnation because it kept all the bureaucracy and taxes of the EU. Graph via JP Morgan
The UK is in stagnation but so are Germany and France... in the middle of the largest "stimulus" plan in years. "Brexit" did not fail. What failed are the politicians that kept & increased the taxes and regulations of the EU. That is why the UK and euro area are in stagnatio…
Argentina. One year of Milei: - Inflation slashed from 25.5% monthly to 2.7%. - Poverty rate demolished from 54.9% to 41.7% (expected for December, UCA) - From 2.7% primary deficit to 1.7% surplus. - Dollar blue and official rate converging. - Country risk obliterated. - Doll…
Argentina 🇦🇷 Many said it was impossible, and it is real. - Fiscal surplus - Demolishing inflation - Poverty falling. - Country risk obliterated - Peso rates (official and blue) converge. It's not luck. It is determination. Lots done and lots to do. Freedom soars. @JMilei
Spain flood. Misinformation The BBC is lying in this headline. Anger of crowd was directed to the politicians, especially PM Sánchez, who fled the scene. Video below. The King and Queen stayed and comforted the crowd. Vídeo below. @BBC should change the story. It is insulting…
Global net liquidity is exploding. This means unprecedented monetary destruction, economic secular stagnation, and risky assets' expansion. via Bloomberg
France arresting the CEO of Telegram for some suspicious messages in the platform is like France arresting the CEO of a French postal or telecom company for some criminal sending letters or using burner phones. This is just another threat to free speech and free enterprise
Bank of Japan 1. Prints insane amounts of money. 2. Becomes largest holder of ETFs in the Nikkei, incentivizing investors to purchase Japanese ETFs borrowing in yen. 3. Yen falls to 40-year lows 4. BOJ blames "speculators". A classic. 5. BOJ spends billions stabilizing the yen 6…
France was going to choose between debt, more debt and way more debt. Way more debt it is. Fascinating. Deficit and debt projections via Bloomberg.