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Daniel Lacalle: Public spending is a key driver of inflation, not central banks

Daniel Lacalle: Public spending is a key driver of inflation, not central banks
Public spending drives inflation risk

Daniel Lacalle, chief economist and investment manager at Tressis Gestion, claims that central banks refuse to acknowledge public spending as the main cause of inflation.

He adds that their actual goal is to sustain the sovereign debt bubble rather than ensure price stability, suggesting investors can safely bet against so-called hawkish analyst narratives.

Lacalle has previously highlighted the U.S. dollar index climbing above 100 as global demand for U.S. assets reached a record high, according to a recent report. He also reported that U.S. consumer confidence and key Chicago and Dallas Fed indexes have surpassed estimates in recent months, as noted in separate coverage. These observations follow his latest comments on central banks and inflation.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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