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Daniel Lacalle, chief economist and investment manager at Tressis Gestion, warns that the ongoing monetary expansion is driving markets and anticipates that the next phase could be significantly larger.
He describes this development as a 'monetary tsunami', suggesting heightened market impact ahead.
Earlier, Lacalle highlighted the U.S. dollar index rising above 100 as global demand for U.S. assets reached a record high, according to a recent report. He has also argued public spending is a primary driver of inflation, rather than actions by central banks, as noted in previous commentary. These views continue to frame his outlook on current monetary expansion.