Daniel Fernández

Daniel Fernández

Daniel Fernández is the founder of UFM Market Trends and professor of economics at the Francisco Marroquín University. He holds a PhD in Applied Economics at the Rey Juan Carlos University in Madrid and was also a fellow at the Mises Institute. He holds a master in Austrian Economics the Rey Juan Carlos University and a master in Applied Economics from the University of Alcalá in Madrid.


Does the Fed Follow Its Own Rules?

By Daniel Fernández on May 22, 2017

One of the most interesting discussions in the field of monetary theory concerns the role central banks play in the economy. There are multiple views regarding different issues: from questioning the mere existence of the central bank to the actual role a central bank should take.

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Are Oil Prices to Blame for the Venezuelan Crisis?

By Daniel Fernández on April 19, 2017

Many analysts are venturing to link the crisis that plagues the Venezuelan economy with the fall in the price of crude oil. With oil being one of the most important commodity in Venezuelan production and the country’s main export product, it seems that the fall in the price would bring any country with an economic structure similar to Venezuela’s into a crisis. Similarly, many assume that the problems in Ecuador have the same root as those in Venezuela, although less pronounced.

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The Astonishing Differences Between Spain’s 1993 and 2007 Crises

By Daniel Fernández on March 15, 2017

It seems that the echoes of Spain’s Great Recession will never end. Despite the country’s strong growth for at least two years, the general feeling seems to be that of a country consumed by the resonance of its own misfortune.

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China Burns Through Its Foreign Reserves Defending the Yuan

By Daniel Fernández on November 6, 2016

The yuan depreciated by nearly 8% since May 2015: it had been appreciating since the last time the exchange rate was established.

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The Financial System Does Not Give Way To Draghi’s Blackmail

By Daniel Fernández on September 18, 2016

The private sector has done its job: it has been able to reduce debt and create wealth. The public sector has fallen behind, as countries still have significant public deficits.

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Forty-Five Years After the Gold Standard: A Failed Experiment

By Daniel Fernández on August 15, 2016

Unfortunately, there is nothing more permanent than temporary emergency measures. We are still living with a 45-year-old monetary experiment in which central banks have no direct link to gold.

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The Unbearable Lightness of the European Union

By Daniel Fernández on July 25, 2016

The economic performance in the UK for the coming years will depend on political decisions, many of which will not be based on the wellbeing of the citizens but rather on the wellbeing of the decision-making politicians and bureaucrats.

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Is the U.S. Stock Market Overvalued?

By Daniel Fernández on July 7, 2016

Is now a good time to invest in the stock market? Is the U.S. stock market overvalued? Unquestionably, since this drop and compared to the Great Recession, securities have risen a great deal in price.

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China Reaches Debt Limit

By Daniel Fernández on June 6, 2016

Once again, the economy of China is the exception, with continuous leveraging which could be coming to an end. In turn, the economies of Japan and Germany have been in a continuous deleveraging process since 1999.

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The Only Solution for the Economy of Venezuela Is Dollarization

By Daniel Fernández on May 12, 2016

The country of Venezuela is dangerously approaching hyperinflation. At 2015’s year-end, official figures had yearly inflation at or above 180% (some private sector estimated it at 330%). The technical definition of hyperinflation is when inflation is at 50% or more per month, meaning that Venezuela is not yet at this point, but does seem to be approaching at an accelerated pace.

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