Finances

Gold shows, again, that the United States has a spending problem

Finances Daniel Lacalle - January 20, 2025.

The global gold market has experienced a radical surge in demand in the past two years, with central banks leading the growth. This trend is...

Inflation expectations rise because government spending is too high

Finances Daniel Lacalle - January 13, 2025.

Inflation expectations in the United States are on the rise as we enter 2025, raising concerns about the optimistic expectations of disinflation and the potential...

2025 could bring a potential sudden stop to emerging market bonds 

Finances Daniel Lacalle - January 6, 2025.

In 2020, the FMI recommended global economies spend and borrow and face the consequences later. The pretend-and-extend Keynesian response to the pandemic left persistent inflation...

France Will Not Solve Its Finances with Higher Taxes

Finances Daniel Lacalle - December 16, 2024.

France is a rich and once prosperous nation with excellent human capital. It is a nation with plenty of entrepreneurs and investment opportunities. It is...

How can the United States stop its fiscal nightmare?

Finances Daniel Lacalle - November 25, 2024.

The Biden administration created the largest fiscal imbalance in a period of growth, with record tax receipts. Furthermore, as Professor EJ Antoni and Dr. Peter...

The UK Budget Is the Worst in Decades. Why No Resignations?

UK Daniel Lacalle - November 18, 2024.

Prime Minister Liz Truss was forced to resign in 2022 after presenting the first budget in decades that truly focused on recovering the fragile private...

Unbearable Lightness Of Printing Big Banknotes  

Finances Emre Alkin - November 2, 2024.

There used to be a frequently repeated anecdote in Turkey. Although it might have been perceived as a joke, it actually contained a serious truth....

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