Commentary
Despite massive government and central bank stimuli, the global economy is seeing a concerning rise in defaults and delinquencies.
Jaeden Milam makes clear acrylic safety shield dividers at Screaming Images in Las Vegas, Nev., on May 18, 2020. The Las Vegas company usually works on large-scale graphic designs and installations for customers like Las Vegas resorts. After the COVID-19 pandemic shut down nonessential businesses, they designed and began manufacturing recyclable, clear acrylic safety shield dividers for various table games and slot machines to help protect employees and customers once hotel-casinos in the state are allowed to reopen. Ethan Miller/Getty Images
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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.”
