Kitco News, Released on 8/6/24

Jeremy Szafron, Anchor at Kitco News, interviews Senior Economist at Tressis & well known author Daniel Lacalle to explore the looming threat of stagflation in the US economy. Lacalle discusses how persistent inflation, slow economic growth, and rising unemployment rates mirror the economic stagnation seen in Japan and Europe. He gets into the challenges facing policymakers and the potential inefficacy of traditional monetary tools in combating these issues. The conversation also touches on the strategic importance of gold, central bank policies, and the global economic implications of de-dollarization efforts.

0:00 – Introduction and market sell-off recap
1:24 – Lacalle on recent global market volatility
4:04 – Central banks’ challenges and inflation control
8:49 – US debt crisis and its implications
13:26 – Persistent inflation and monetary policy
23:17 – Gold’s role in today’s economy
28:32 – De-dollarization and global economic impact
35:58 – Argentina’s economic struggles and lessons for emerging markets

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of the top twenty most influential economists in the world in 2016 and 2017 by Richtopia, he holds the CIIA financial analyst title, with a postgraduate degree in higher business studies and a master’s degree in economic investigation. He is a member of the advisory board of the Rafael del Pino Foundation and Commissioner of the Community of Madrid in London. His work can be found here.