Daniel Lacalle

Latest positions

• DLDaniel LacalleStrongly bullish on tech Lacalle prefers U.S. tech, implying he expects it to outperform. “Why I prefer U.S. tech and gold over bonds.” Open the post 'I'm afraid of human stupidity, not artificial i… · 30 Sept
• DLDaniel LacalleStrongly bullish on gold Lacalle prefers gold over bonds, implying he expects gold to do better. “Why I prefer U.S. tech and gold over bonds.” Open the post 'I'm afraid of human stupidity, not artificial i… · 30 Sept
• DLDaniel LacalleStrongly bearish on bonds Lacalle prefers tech and gold over bonds, implying a negative view on bonds. “Why I prefer U.S. tech and gold over bonds.” Open the post 'I'm afraid of human stupidity, not artificial i… · 30 Sept
• DLDaniel LacalleStrongly dovish on Federal Reserve System The Fed risks staying tight for too long; policy is overly restrictive and rate hikes are useless for this inflation. “The risk is increasingly not inflation accelerating, but the Fed staying tight for too long.” Open the post Rate hikes are useless for the current inflation… · 30 Sept
• DLDaniel LacalleSharply worsening on Spain Spain's housing crisis stems from legislation, taxes and regulation that asphyxiate supply, and the government's proposed law doubles down on the problem. “Spain's housing crisis was created by insane legislation, taxes, and regulation asphyxiating supply.” Open the post Spain's housing crisis was created by insane leg… · 29 Sept
• DLDaniel LacalleSharply falling on purchasing power Purchasing power keeps eroding as markets and the sovereign debt bubble are prioritized over inflation control. “Prioritizing markets and the sovereign debt bubble over inflation control drives the persistent erosion of purchasing power.” Open the post Central banks "fake tightening" is the norm. Fi… · 27 Sept
• DLDaniel LacalleStrongly bearish on private productive sector Rate hikes and stealth statization will hurt and weaken the private productive sector. “Hiking rates will hurt families, businesses, and the private productive sector” Open the post Central banks have chosen—again—the illusion of … · 26 Sept
• DLDaniel LacalleRising on inflation Government spending and money printing keep inflation persistent. “governments continue to fuel persistent inflation via spending-printing currency” Open the post Central banks have chosen—again—the illusion of … · 26 Sept
• DLDaniel LacalleRising on Money supply Central banks are not seriously curbing money supply growth, so it keeps growing. “the illusion of tightening instead of serious policies to curb government spending and money supply growth” Open the post Central banks have chosen—again—the illusion of … · 26 Sept
• DLDaniel LacalleBullish on sovereign debt Lacalle says central banks prioritized the sovereign debt bubble, which is a solvency problem that keeps growing. “They prioritized the sovereign debt bubble knowing rate hikes have no impact on energy prices or geopolitical shocks.” Open the post Let me get this straight. Central banks hiked ra… · 24 Sept
• DLDaniel LacalleStrongly against on interest rates Lacalle calls higher interest rates a policy mistake that hurts businesses and households without lowering energy prices. “Higher interest rates are a policy mistake: they can hurt businesses and households without lowering energy prices.” Open the post My interview on New York Stock Exchange Live: �… · 23 Sept
• DLDaniel LacalleSharply worsening on UK More spending and higher taxes mean worse public accounts and lower growth for the UK. “You pay with lower growth, more inflation, and lower net real wages.” Open the post UK. More spending and higher taxes: Worse public… · 22 Sept