Daniel Lacalle

Commentary Governments are terrible at picking winners and even worse at choosing losers. Net zero and interventionist “Keynesian” ...

Commentary Europe's average gas price has climbed to $7.15 per gallon, more than 70 percent above the average ...

Forty years of leverage have inverted. The choke point Tehran once wielded against the world has become the ...

Commentary “De-dollarization” became one of the biggest stories in markets in 2024 and 2025, not because it was ...

Commentary The current oil and commodity price shock has created an interesting pattern: The futures curve has moved ...

The current trade deals have proven to be positive for global trade, growth, and all parties involved.

Venezuela's oil wealth was plundered, and its citizens have seen almost nothing of those enormous riches.

If you want respect for the environment, economic development, and sustainability, trust in engineers, not in politicians.

Commentary One year into Donald Trump’s new presidency, the verdict from the data is clear: The apocalyptic consensus ...

Commentary The U.S. manufacturing sector clearly outperforms all its G7 peers, especially Germany, France, and the UK. The ...

Commentary Never trust experts who criticize the U.S. economy and who have argued for years that it should ...

Investors and consumers have plenty of reason to be optimistic, despite earlier 'consensus' estimates.

Central banks have become the dominating force in financial markets.

Everyone wins with deals that create a fairer and more open trade framework than what existed in 2024.

Commentary There are plenty of comments about the death of the U.S. dollar as the world’s reserve currency. ...

Commentary In the past six months, a chorus of analysts and commentators have warned of an impending collapse ...

Commentary Three things have happened in the past three months that are best understood together. The International Atomic ...

Commentary The European Union–United States trade deal should have been the easiest to complete. However, it is not ...

Commentary The Tariff Tantrum has proven that the consensus was wrong about soaring inflation and an economic slump. ...

Commentary In the past decade, the Chinese economy has expanded its central-planned neo-Keynesian model, which simply cannot survive ...

Commentary I always get excited about a market correction when I read the Keynesian consensus predict a disaster. ...

Commentary The consensus narrative tells you that markets are weak because of President Donald Trump’s tariffs. However, that ...

Commentary A correction in equity markets tends to generate an immediate negative reaction from citizens, citing political headlines ...

Commentary The U.S. economy will not weaken from lower government spending. The Federal Reserve Bank of Atlanta's GDPNow ...

Commentary The latest figures published by the Department of Government Efficiency (DOGE) are staggering: $75 billion saved in ...

Commentary Crises are never caused by building excessive exposure to high-risk assets. Crises can only happen when investors, ...

Commentary In October, the International Monetary Fund (IMF) stated that “our forecasts point to an unforgiving combination of ...