US Household Saving Rate Vanishes, Credit Card Debt Soars
By Daniel Lacalle The United States consumption figure seems robust. An 0.9 percent rise in personal spending in April looks good on paper, especially considering the…
By Daniel Lacalle The United States consumption figure seems robust. An 0.9 percent rise in personal spending in April looks good on paper, especially considering the…
By Daniel Lacalle The escalation of tension in Ukraine has reminded us of something many investors seemed to have forgotten: geopolitical risk. Sanctions and the…
By Daniel Lacalle Last week, Ned Davis Research published a note titled “Turns Out, Growth Looks like It Was Transitory—Inflation Is More Sticky.” There are…
By Daniel Lacalle Despite massive government and central bank stimuli, the global economy is seeing a concerning rise in defaults and delinquencies. The main central…