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Daniel Lacalle, chief economist and investment manager at Tressis Gestion, observes that markets are currently stronger, with bonds showing stability.
He points to substantial liquidity in the financial system, questioning concerns about a potential crisis.
Lacalle previously noted that rapid money supply growth since 2021 has masked economic stresses, citing concerns over resilience during the Europe energy crisis. He also reported a drop in oil prices below $100 as U.S.-Iran tensions raised trader concerns in the Strait of Hormuz. These observations reflect his ongoing attention to liquidity and market stability.