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Careful With the Slowdown

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Careful With the Slowdown
As gas prices continue to rise, people fill-up at a gas station in Brooklyn, New York City, on May 3, 2021. Spencer Platt/Getty Images
Daniel Lacalle
Updated:
Commentary

Recent macroeconomic data from the United States should worry us. Amid the reopening and the biggest fiscal and monetary stimulus in recent history, and with all the possible tailwinds from policy decisions, consumer confidence has plummeted to the lowest level since 2016.

Daniel Lacalle
Daniel Lacalle
Author
Daniel 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.”
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