Daniel Lacalle Oficial
@dlacalle.bsky.social
Doctor en Economía. Profesor IE Business, IEB Spain. Economista jefe Tressis. Consejo Fundación FIL, MEMRIR, Acton Institute . Casado. Opinión personal. www.dlacalle.es
Reposted by Daniel Lacalle Oficial
The agreement between the UK and the US may not be perfect, but it is a huge step forward. It shows that treaties can be closed quickly and benefit everyone – By @dlacalle.bsky.social tomorrowsaffairs.com/the-us-uk-tr...
The US-UK Trade Deal Puts Pressure on the European Union
The agreement represents a gigantic advance in free trade, especially given the significant non-tariff barriers that the United Kingdom had raised
tomorrowsaffairs.com
May 12, 2025 at 8:16 AM
The agreement between the UK and the US may not be perfect, but it is a huge step forward. It shows that treaties can be closed quickly and benefit everyone – By @dlacalle.bsky.social tomorrowsaffairs.com/the-us-uk-tr...
Reposted by Daniel Lacalle Oficial
China cannot reach reserve currency status if it maintains capital controls, currency exchange rate fixing, a government-dependent legal system, and a closed financial sector – By @dlacalle.bsky.social tomorrowsaffairs.com/the-yuan-col...
The yuan collapses while the US dollar remains the world's reserve currency
China’s capital controls are an insurmountable burden that prevents the yuan from becoming a global reserve contender
tomorrowsaffairs.com
April 28, 2025 at 11:48 AM
China cannot reach reserve currency status if it maintains capital controls, currency exchange rate fixing, a government-dependent legal system, and a closed financial sector – By @dlacalle.bsky.social tomorrowsaffairs.com/the-yuan-col...
Reposted by Daniel Lacalle Oficial
Jerome Powell may feel that the #DonaldTrump administration’s criticisms of his work are unfair, but unfortunately the Fed does not have a stellar track record of following its mandate – By @dlacalle.bsky.social tomorrowsaffairs.com/the-fed-must...
The Fed Must Cut Rates, as Leading Indicators Suggest
The Fed’s mistake of keeping rates untouched is a direct attack on the productive sector.
tomorrowsaffairs.com
April 21, 2025 at 11:33 AM
Jerome Powell may feel that the #DonaldTrump administration’s criticisms of his work are unfair, but unfortunately the Fed does not have a stellar track record of following its mandate – By @dlacalle.bsky.social tomorrowsaffairs.com/the-fed-must...
Reposted by Daniel Lacalle Oficial
No US trading partner has the cards to face a large-scale trade war. That is why there are only two options: negotiate or lose – By @dlacalle.bsky.social tomorrowsaffairs.com/what-to-expe...
What to Expect After the Tariff Tantrum?
Tariffs are a last resort and aggressive measure to force a negotiation that levels the trade playing field
tomorrowsaffairs.com
April 14, 2025 at 8:02 AM
No US trading partner has the cards to face a large-scale trade war. That is why there are only two options: negotiate or lose – By @dlacalle.bsky.social tomorrowsaffairs.com/what-to-expe...
Reposted by Daniel Lacalle Oficial
The reciprocal tariffs that the #DonaldTrump administration has announced can be negotiated. If governments reject this option, business associations and companies can negotiate directly – By @dlacalle.bsky.social tomorrowsaffairs.com/businesses-s...
Businesses should negotiate tariffs
Businesses can negotiate and must demand that their governments address and eliminate the enormous trade barriers that have plagued companies in the past twenty years
tomorrowsaffairs.com
April 7, 2025 at 12:40 PM
The reciprocal tariffs that the #DonaldTrump administration has announced can be negotiated. If governments reject this option, business associations and companies can negotiate directly – By @dlacalle.bsky.social tomorrowsaffairs.com/businesses-s...
Reposted by Daniel Lacalle Oficial
The main challenge of using tariffs as a tool to level the playing field is that some of the US trading partners will not accept a negotiation and will use the external enemy excuse to increase protectionism further – By @dlacalle.bsky.social tomorrowsaffairs.com/tariff-impac...
Tariff Impact May Be Significantly Lower Than Feared, Even Inexistent
Trump tariffs are designed as negotiation tools to eliminate the burdens imposed on the US exporters. The impact may be lower than what international bodies estimate
tomorrowsaffairs.com
March 31, 2025 at 11:17 AM
The main challenge of using tariffs as a tool to level the playing field is that some of the US trading partners will not accept a negotiation and will use the external enemy excuse to increase protectionism further – By @dlacalle.bsky.social tomorrowsaffairs.com/tariff-impac...
Reposted by Daniel Lacalle Oficial
By delaying normalisation and keeping rates untouched, the Fed is passing again the entire burden of monetary policy impact to the private sector, especially families – By @dlacalle.bsky.social tomorrowsaffairs.com/the-feds-thr...
The Fed’s Three Strike Policy Mistake
By delaying normalisation and keeping rates untouched, the Fed is passing again the entire burden of monetary policy impact to the private sector, especially families
tomorrowsaffairs.com
March 24, 2025 at 10:56 AM
By delaying normalisation and keeping rates untouched, the Fed is passing again the entire burden of monetary policy impact to the private sector, especially families – By @dlacalle.bsky.social tomorrowsaffairs.com/the-feds-thr...
Reposted by Daniel Lacalle Oficial
Market corrections have nothing to do with #DonaldTrump ‘s policy announcements – By @dlacalle.bsky.social tomorrowsaffairs.com/four-reasons...
Four Reasons Why the Market Correction Has Nothing To Do With Trump
Trump may have arrived when the bubble burst, but he did not create it
tomorrowsaffairs.com
March 17, 2025 at 1:33 PM
Market corrections have nothing to do with #DonaldTrump ‘s policy announcements – By @dlacalle.bsky.social tomorrowsaffairs.com/four-reasons...
Reposted by Daniel Lacalle Oficial
To tackle the challenges of defence, technology, and competitiveness, the European Union must do much more than just announce more debt – By @dlacalle.bsky.social tomorrowsaffairs.com/european-bon...
European Bonds Slump After Spending Binge Plan
Investing in defence and infrastructure is fine, but only if the enormous amount of unproductive spending that condemns the European Union to irrelevance is slashed
tomorrowsaffairs.com
March 10, 2025 at 8:11 PM
To tackle the challenges of defence, technology, and competitiveness, the European Union must do much more than just announce more debt – By @dlacalle.bsky.social tomorrowsaffairs.com/european-bon...
Reposted by Daniel Lacalle Oficial
The European Union’s approach to free trade seems to be open borders for European exports but protectionism for US imports – By @dlacalle.bsky.social tomorrowsaffairs.com/the-european...
The European Union’s Dangerous Hidden Protectionism
European companies don't need protection from American ones. They need protection from European bureaucracy
tomorrowsaffairs.com
March 3, 2025 at 1:25 PM
The European Union’s approach to free trade seems to be open borders for European exports but protectionism for US imports – By @dlacalle.bsky.social tomorrowsaffairs.com/the-european...
Reposted by Daniel Lacalle Oficial
The European financial system cannot afford large outflows of foreign capital and putting its legal and investor security perception under question – By @dlacalle.bsky.social tomorrowsaffairs.com/serious-conc...
Serious concerns about the idea of confiscating Russian assets
Weaponising the euro and seizing frozen assets could lead investors to look at other alternatives like gold or the Chinese banking system and currency
tomorrowsaffairs.com
February 24, 2025 at 11:46 AM
The European financial system cannot afford large outflows of foreign capital and putting its legal and investor security perception under question – By @dlacalle.bsky.social tomorrowsaffairs.com/serious-conc...
Reposted by Daniel Lacalle Oficial
Reduced demand for foreign bonds from central banks can lead to significant market volatility, especially when governments are unwilling to reduce spending and deficits – By @dlacalle.bsky.social tomorrowsaffairs.com/government-b...
Government bonds are no longer a reserve asset
Developed nations’ government debt is gradually losing its place as a reserve asset for global central banks
tomorrowsaffairs.com
February 17, 2025 at 2:26 PM
Reduced demand for foreign bonds from central banks can lead to significant market volatility, especially when governments are unwilling to reduce spending and deficits – By @dlacalle.bsky.social tomorrowsaffairs.com/government-b...
Las políticas sociales no deben juzgarse por su intención, sino por sus resultados.
Y la realidad de España es que somos más pobres. La renta media disponible real de los españoles es hoy 913 euros menor que cuando Sánchez accedió a La Moncloa.
www.elespanol.com/invertia/opi...
Y la realidad de España es que somos más pobres. La renta media disponible real de los españoles es hoy 913 euros menor que cuando Sánchez accedió a La Moncloa.
www.elespanol.com/invertia/opi...
España es más pobre con Sánchez
“Poor pitiful me, lord have mercy on me”, Warren Zevon.
www.elespanol.com
February 15, 2025 at 6:57 AM
Las políticas sociales no deben juzgarse por su intención, sino por sus resultados.
Y la realidad de España es que somos más pobres. La renta media disponible real de los españoles es hoy 913 euros menor que cuando Sánchez accedió a La Moncloa.
www.elespanol.com/invertia/opi...
Y la realidad de España es que somos más pobres. La renta media disponible real de los españoles es hoy 913 euros menor que cuando Sánchez accedió a La Moncloa.
www.elespanol.com/invertia/opi...
Reposted by Daniel Lacalle Oficial
Gold will remain a solid investment and a crucial safeguard against monetary repression while the world recognises that governments are unwilling to correct their imbalances and that central banks are powerless to manage inflation – By @dlacalle.bsky.social tomorrowsaffairs.com/gold-prices-...
Gold prices rise as faith in government bonds evaporates
Gold will remain a solid investment and a crucial safeguard against monetary repression
tomorrowsaffairs.com
February 10, 2025 at 10:41 AM
Gold will remain a solid investment and a crucial safeguard against monetary repression while the world recognises that governments are unwilling to correct their imbalances and that central banks are powerless to manage inflation – By @dlacalle.bsky.social tomorrowsaffairs.com/gold-prices-...
Reposted by Daniel Lacalle Oficial
Interventionist and autocratic governments are using the current free trade system to undermine civil liberties and destroy Western economies – By @dlacalle.bsky.social tomorrowsaffairs.com/the-real-thr...
The real threat to global trade-the BRICS
Tariffs are not a threat to free trade. The BRICS are the threat
tomorrowsaffairs.com
February 3, 2025 at 12:12 PM
Interventionist and autocratic governments are using the current free trade system to undermine civil liberties and destroy Western economies – By @dlacalle.bsky.social tomorrowsaffairs.com/the-real-thr...
Reposted by Daniel Lacalle Oficial
Davos without the woke inquisitorial censorship will again be a forum of open and intelligent debate – By @dlacalle.bsky.social tomorrowsaffairs.com/davos-from-i...
Davos, from interventionism to hope
Welcome to the new Davos if it becomes a forum for freedom and serious debate, not for interventionist mantras
tomorrowsaffairs.com
January 27, 2025 at 2:27 PM
Davos without the woke inquisitorial censorship will again be a forum of open and intelligent debate – By @dlacalle.bsky.social tomorrowsaffairs.com/davos-from-i...
Reposted by Daniel Lacalle Oficial
More countries are seeking to diversify their reserves and hedge against irresponsible developed governments, and gold has emerged as a critical asset – By @dlacalle.bsky.social tomorrowsaffairs.com/gold-shows-a...
Gold shows, again, that the United States has a spending problem
The rising global demand for gold, spearheaded by central banks, represents a significant shift in the international financial landscape
tomorrowsaffairs.com
January 20, 2025 at 11:58 AM
More countries are seeking to diversify their reserves and hedge against irresponsible developed governments, and gold has emerged as a critical asset – By @dlacalle.bsky.social tomorrowsaffairs.com/gold-shows-a...
Reposted by Daniel Lacalle Oficial
The winners in emerging markets are likely to be those that implement strong measures to limit deficits and government spending, those nations that will cut taxes, attract capital, and return to economic sanity – By @dlacalle.bsky.social tomorrowsaffairs.com/2025-could-b...
2025 could bring a potential sudden stop to emerging market bonds
The year 2025 represents a critical juncture for emerging market debt
tomorrowsaffairs.com
January 6, 2025 at 1:50 PM
The winners in emerging markets are likely to be those that implement strong measures to limit deficits and government spending, those nations that will cut taxes, attract capital, and return to economic sanity – By @dlacalle.bsky.social tomorrowsaffairs.com/2025-could-b...
Os deseo a todos un 2025 lleno de salud y prosperidad.
Gracias por compartir un año fantástico.
¡Sigamos defendiendo la libertad! No estamos equivocados.
#FelizAño
Gracias por compartir un año fantástico.
¡Sigamos defendiendo la libertad! No estamos equivocados.
#FelizAño
December 31, 2024 at 11:39 AM
Os deseo a todos un 2025 lleno de salud y prosperidad.
Gracias por compartir un año fantástico.
¡Sigamos defendiendo la libertad! No estamos equivocados.
#FelizAño
Gracias por compartir un año fantástico.
¡Sigamos defendiendo la libertad! No estamos equivocados.
#FelizAño
Reposted by Daniel Lacalle Oficial
In one year, #Milei has been able to turn the economy around. How? With decisive and unnegotiable budget cuts, pro-market policies, and deregulation – By @dlacalle.bsky.social tomorrowsaffairs.com/mileis-first...
Milei’s first-year success is not a miracle; it’s economic logic
Argentina is not living an experiment with Milei. It is living the return to sanity
tomorrowsaffairs.com
December 30, 2024 at 11:47 AM
In one year, #Milei has been able to turn the economy around. How? With decisive and unnegotiable budget cuts, pro-market policies, and deregulation – By @dlacalle.bsky.social tomorrowsaffairs.com/mileis-first...
Reposted by Daniel Lacalle Oficial
America needs a pro-growth strategy focused on strengthening the private sector and the productive economy and a real chainsaw approach to public spending – By @dlacalle.bsky.social tomorrowsaffairs.com/the-debt-cei...
The debt ceiling matters
Reducing expenditure, debt, and deficit is not just a logical priority; it is urgent if the U.S. wants to remain as the world leader with the most desired currency
tomorrowsaffairs.com
December 23, 2024 at 12:46 PM
America needs a pro-growth strategy focused on strengthening the private sector and the productive economy and a real chainsaw approach to public spending – By @dlacalle.bsky.social tomorrowsaffairs.com/the-debt-cei...
La máquina de pura propaganda y bulos que es el gobierno de Sánchez va a ser la que exija rectificaciones a los demás. Te tienes que reír.
Empecemos por señalar los cuatro bulos del Gobierno sobre la deuda y la pobreza:
www.elespanol.com/invertia/opi...
Empecemos por señalar los cuatro bulos del Gobierno sobre la deuda y la pobreza:
www.elespanol.com/invertia/opi...
Los cuatro bulos del Gobierno sobre la deuda y la pobreza
"Circumstance has forced my hand to be a cut price person in a low budget land", Ray Davies.
www.elespanol.com
December 21, 2024 at 7:05 AM
La máquina de pura propaganda y bulos que es el gobierno de Sánchez va a ser la que exija rectificaciones a los demás. Te tienes que reír.
Empecemos por señalar los cuatro bulos del Gobierno sobre la deuda y la pobreza:
www.elespanol.com/invertia/opi...
Empecemos por señalar los cuatro bulos del Gobierno sobre la deuda y la pobreza:
www.elespanol.com/invertia/opi...
Reposted by Daniel Lacalle Oficial
The French budget nightmare is not a 2025 story. It is the consequence of decades of bloated government and destructive taxation – By @dlacalle.bsky.social tomorrowsaffairs.com/france-will-...
France Will Not Solve Its Finances with Higher Taxes
France is on the path to a debt crisis. Politicians continue to impose the same policies that have failed for decades: high government spending and confiscatory taxes
tomorrowsaffairs.com
December 17, 2024 at 11:00 AM
The French budget nightmare is not a 2025 story. It is the consequence of decades of bloated government and destructive taxation – By @dlacalle.bsky.social tomorrowsaffairs.com/france-will-...
🇩🇪 Alemania destruyó su economía con malas políticas: cerró nucleares, apostó por la solar y aceptó el inflacionismo.
Lo hablamos 👇🏼
youtu.be/HdzxZScJlQ4?...
Lo hablamos 👇🏼
youtu.be/HdzxZScJlQ4?...
CÓMO ALEMANIA HUNDIÓ SU ECONOMÍA
YouTube video by Daniel Lacalle
youtu.be
December 16, 2024 at 9:50 PM
🇩🇪 Alemania destruyó su economía con malas políticas: cerró nucleares, apostó por la solar y aceptó el inflacionismo.
Lo hablamos 👇🏼
youtu.be/HdzxZScJlQ4?...
Lo hablamos 👇🏼
youtu.be/HdzxZScJlQ4?...
Reposted by Daniel Lacalle Oficial
A closer examination of the jobs report reveals why Americans remain frustrated and unhappy, even in the face of an allegedly tight labor market – By @dlacalle.bsky.social tomorrowsaffairs.com/the-united-s...
The United States Jobs Report Shows True Economic Weakness
A closer examination of the jobs report reveals why Americans remain frustrated and unhappy, even in the face of an allegedly tight labor market
tomorrowsaffairs.com
December 9, 2024 at 12:44 PM
A closer examination of the jobs report reveals why Americans remain frustrated and unhappy, even in the face of an allegedly tight labor market – By @dlacalle.bsky.social tomorrowsaffairs.com/the-united-s...