ViewpointsOpinionBankruptcies Soar in a Sea of LiquiditySavePrintOne hundred dollar notes in a photo illustration. Lee Jae-won/ReutersDaniel Lacalle8/23/2020|Updated: 8/24/2020CommentaryMisguided lockdowns have destroyed the global economy, and it’s likely the impact will last for years.Share this articleLeave a commentDaniel LacalleAuthorDaniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”websiteAuthor’s Selected ArticlesIs the European Union Deliberately Delaying Trade Negotiations?May 27, 2025Inflation Is Not Soaring, and Economic Growth Is SolidMay 20, 2025China’s Keynesian Model Is Crumbling—It Needs a Trade Deal, FastMay 16, 2025We May Be Close to the Best Buying Opportunity Since 2009Apr 08, 2025Related Topicsbankruptciesmalinvestmentglobal economyliquiditylockdowns