Viewpoints
Opinion

Money and Rates Signal Long-Term Bullish Markets

The increase in the money supply and the change in interest rate policies have an exceptional impact on the market trend.
Money and Rates Signal Long-Term Bullish Markets
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Daniel Lacalle
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Commentary

Investors often read that markets discount expectations about business results, the solvency of an issuer, or the supply and demand for commodities, for example. Everything is correct, but money quantity and cost matter in these expectations.

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.”