Finances

European Bonds Slump After Spending Binge Plan

Finances Daniel Lacalle - March 10, 2025.

German bond yields have soared, with the 10-year bund yield rising to around 2.83%, a jump of 51% from the level of December 2023. In the...

Serious concerns about the idea of confiscating Russian assets

Finances Daniel Lacalle - February 24, 2025.

The European Union is exploring ways to confiscate part of Russia's central bank’s frozen $280 billion in assets. According to Bloomberg, European officials are considering...

Government bonds are no longer a reserve asset

Finances Daniel Lacalle - February 17, 2025.

Developed nations’ government debt is gradually losing its place as a reserve asset for global central banks. This is a monumental change in financial and monetary...

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...

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