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Sunday, December 21, 2025

Daniel Lacalle

Central Banks Do Not Prevent Financial Crises or Control Inflation

CommentaryEasing and tightening decisions move all assets from bonds to private equity. Their role is supposed to be to control inflation, provide price stability, and ensure normal market functions. However, there is little evidence of any success in achieving their goals. The era of...

Markets Need More Than Rate Cuts to Recover

CommentaryThe consensus narrative tells you that markets are weak because of Trump’s tariffs. However, that is a typical excuse that makes no sense. If tariffs were the cause of concern, markets would have tanked in 2016 and in 2021. Remember that Biden maintained and increased all of...
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The United States Needs a Spending Chainsaw

CommentaryThe latest figures published by the Department of Government Efficiency (DOGE) are staggering. $75...

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