Daniel Lacalle is PhD in Economics, Professor of Global Economics and Finance, and Chief Economist at Tressis.
Mr. Lacalle has presented and given keynote speeches at the most prestigious forums globally including the Federal Reserve in Houston, the Heritage Foundation in Washington, London School of Economics, Funds Society Forum in Miami, World Economic Forum, Forecast Summit in Peru, Mining Show in Dubai, Our Crowd in Jerusalem, Nordea Investor Summit in Oslo, and many others.
Mr. Lacalle has more than 24 years of experience in the energy and finance sectors, including experience in North Africa, Latin America and the Middle East. He is currently a fund manager overseeing equities, bonds and commodities. He was voted Top 3 Generalist and Number 1 Pan-European Buyside Individual in Oil & Gas in Thomson Reuters’ Extel Survey in 2011, the leading survey among companies and financial institutions.
Author of the best-selling books:
“Life In The Financial Markets” (Wiley, 2014), translated to Portuguese and Spanish.
“The Energy World Is Flat” (Wiley, 2014, with Diego Parrilla), translated to Portuguese and Chinese.
“Escape from the Central Bank Trap” (2017, BEP), translated to Spanish.
“Freedom Or Equality” (2020, PostHill Press).
Daniel is regular collaborator with CNBC, Bloomberg, NTD USA, World Economic Forum, Epoch Times, Mises Institute, Hedgeye, Zero Hedge, Focus Economics, Seeking Alpha, El Español, and The Wall Street Journal.
Monetary Policy and Implications on MarketsThe Federal Reserve does not create a downturn due to rate hikes; it may create the foundations of a crisis by unnecessarily lowering rates to negative territory and aggressively increasing its balance sheet. A recession is caused by underinvestment and excessive risk-taking, which are usually fueled by cheap money. Valuations soar simply because the quantity of money is rising faster than nominal GDP (gross domestic product). Daniel Lacalle, author of Escape from the Central Bank Trap, explains how monetary policy can be conducted while avoiding excessive risk-taking and the creation of bubbles.
Energy Transition, Security of Supply and Competitiveness
Energy policy must comply with the principles of safety, diversification, and competitiveness. Keep betting on renewables without passing the bill to businesses and families. Subsidies must be changed into tax incentives.
Solving the problem of supply security by developing local energy sources—renewables, hydro, nuclear, and natural gas—as well as improving interconnection between countries to use "hubs" to reduce reliance on foreign suppliers, by utilizing storage facilities and regasification terminals. What can be done? Daniel Lacalle, author of The Energy World Is Flat, provides some ideas. Address energy from an industrial and technological perspective, not an ideological one. Electricity prices in Europe in 2003 were among the lowest in the OECD and today they are some of the highest. Why? Because the final consumer bill was loaded with all kinds of fixed concepts.
Global Macro and the Failure of Stimulus
The evidence from the last thirty years is clear. Aggressive stimulus policies leave a massive trail of debt, weaker growth, and falling real wages. The multiplier effect of government spending is virtually non-existent. Stimulus plans have bloated government size, which in turn requires more dollars from the real economy to finance its activity. How to change this? Daniel Lacalle, author of Freedom or Equality and Escape From The Central Bank Trap explains simple and effective ways.