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Daniel Lacalle
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “
Freedom or Equality
” (2020), “
Escape from the Central Bank Trap
” (2017), “
The Energy World Is Flat
” (2015), and “
Life in the Financial Markets
.”
Website
US Debt Matters, but the Euro Area May Create the Next Crisis
Commentary The $40 trillion U.S. debt has dominated global headlines. However, although the U.S. fiscal challenges are relevant, ...
Viewpoints
August 27, 2026
Americans Are Falling Into the Socialist Trap by Blaming Capitalism Instead of Statism
Commentary Americans are falling into the socialism trap by not realizing that solving big government problems with an ...
Viewpoints
August 19, 2026
European Wildfires, Net-Zero Stagnation, and the Great Industry Displacement
European, UK, and Canadian climate policies have worked as a giant subsidy to Chinese and Indian growth paid ...
Viewpoints
August 11, 2026
Another Fed Rate Hike Would Be a Serious Mistake
Commentary The latest U.S. inflation report and jobs data do not justify another interest rate increase. Additionally, June ...
Viewpoints
July 24, 2026
How Iran Destroyed Its Credibility as a Supplier
Commentary Iran's swelling floating oil stockpile is the evidence of a deeper problem. The country has become an ...
Viewpoints
July 5, 2026
Net Zero and Statism Deliver Stagnation: How Interventionism Undermined Growth in Canada and UK
Commentary Governments are terrible at picking winners and even worse at choosing losers. Net zero and interventionist “Keynesian” ...
Viewpoints
June 2, 2026
Europe Gas Prices Reach $7.15 a Gallon
Commentary Europe's average gas price has climbed to $7.15 per gallon, more than 70 percent above the average ...
Viewpoints
April 27, 2026
From Leverage to Liability: The Hormuz Strait Is Now Iran’s Biggest Weakness
Forty years of leverage have inverted. The choke point Tehran once wielded against the world has become the ...
Viewpoints
April 21, 2026
US Dollar Demand Soars: De-dollarization Was a Fabrication of the Bull Market
Commentary “De-dollarization” became one of the biggest stories in markets in 2024 and 2025, not because it was ...
Viewpoints
March 30, 2026
Short-Term Oil Spike, Followed by Disinflation: What Markets Are Telling You
Commentary The current oil and commodity price shock has created an interesting pattern: The futures curve has moved ...
Viewpoints
March 23, 2026
Supreme Court Tariff Ruling: Fears of a $200 Billion Refund Are Unjustified
The current trade deals have proven to be positive for global trade, growth, and all parties involved.
Viewpoints
February 23, 2026
How Maduro and His Allies Stole Venezuela’s Oil Wealth
Venezuela's oil wealth was plundered, and its citizens have seen almost nothing of those enormous riches.
Viewpoints
January 21, 2026
Markets May Be Wrong About the Risks of Venezuela and Greenland
If you want respect for the environment, economic development, and sustainability, trust in engineers, not in politicians.
Viewpoints
January 19, 2026
One Year In, Trump’s Economy Defies the Experts and Outpaces G7
Commentary One year into Donald Trump’s new presidency, the verdict from the data is clear: The apocalyptic consensus ...
Viewpoints
December 27, 2025
The US Manufacturing Sector Wins While Net Zero Destroys Industry Elsewhere
Commentary The U.S. manufacturing sector clearly outperforms all its G7 peers, especially Germany, France, and the UK. The ...
Viewpoints
December 2, 2025
The US Outgrows All Its Major Peers
Commentary Never trust experts who criticize the U.S. economy and who have argued for years that it should ...
Viewpoints
November 3, 2025
US Economy Defies Recession and Stagflation Predictions
Investors and consumers have plenty of reason to be optimistic, despite earlier 'consensus' estimates.
Viewpoints
October 4, 2025
Central Banks Do Not Prevent Financial Crises or Control Inflation
Central banks have become the dominating force in financial markets.
Opinion
August 23, 2025
The European Union’s Agreement With the United States Is Positive and Realistic
Everyone wins with deals that create a fairer and more open trade framework than what existed in 2024.
Viewpoints
August 4, 2025
The US Dollar Remains the World’s Top Reserve Currency
Commentary There are plenty of comments about the death of the U.S. dollar as the world’s reserve currency. ...
Viewpoints
July 21, 2025
How Analysts Misjudged the US Economy: Growth, Inflation, and Fiscal Surprises in 2025
Commentary In the past six months, a chorus of analysts and commentators have warned of an impending collapse ...
Opinion
July 14, 2025
Iran’s Allies Abandon the Regime as Geopolitical Tension Escalates
Commentary Three things have happened in the past three months that are best understood together. The International Atomic ...
Viewpoints
June 25, 2025
Is the European Union Deliberately Delaying Trade Negotiations?
Commentary The European Union–United States trade deal should have been the easiest to complete. However, it is not ...
Viewpoints
May 27, 2025
Inflation Is Not Soaring, and Economic Growth Is Solid
Commentary The Tariff Tantrum has proven that the consensus was wrong about soaring inflation and an economic slump. ...
Viewpoints
May 20, 2025
China’s Keynesian Model Is Crumbling—It Needs a Trade Deal, Fast
Commentary In the past decade, the Chinese economy has expanded its central-planned neo-Keynesian model, which simply cannot survive ...
Thinking About China
May 16, 2025
We May Be Close to the Best Buying Opportunity Since 2009
Commentary I always get excited about a market correction when I read the Keynesian consensus predict a disaster. ...
Viewpoints
April 8, 2025
Markets Need More Than Rate Cuts to Recover
Commentary The consensus narrative tells you that markets are weak because of President Donald Trump’s tariffs. However, that ...
Viewpoints
April 4, 2025
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