Posts by Daniel Fernández
Is 2019 the New 2006?
When the yield curve inverted in 2006, analysts said that “this time it’s different,” that the US economy was solid. Some can be heard making the same claims in 2019. History doesn’t repeat itself, but it does rhyme, and 2019 appears to be rhyming with 2006.
Read MoreThe Best Countries to Be Born as a Female Are in the West and Capitalist
Is Western society characterized by male privilege? Are economic freedom and capitalism synonymous of male privilege?
Read MoreThe Real Relationship Between Capitalism and the Environment
Capitalism and the environment: friends or enemies?
Read MoreGentrification—and tourism—have become the new target in the never-ending social struggle in favor of the disadvantaged
Gentrification is the new monster to be fought. The term already has such bad press, that almost no one is willing to say anything in its favor (defending gentrification and defending neoliberalism are now almost interchangeable). Can gentrification get a break? Find out more here.
Read MoreItalian Banks Are The European Economy’s New Sword of Damocles
What are the Eurozone’s riskier banking systems? Which countries should be concerned in the face of a possible contagion effect of the Italian crisis?
Read MoreDoes the Fed Follow Its Own Rules?
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.
Read MoreAre Oil Prices to Blame for the Venezuelan Crisis?
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.
Read MoreThe Astonishing Differences Between Spain’s 1993 and 2007 Crises
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.
Read MoreChina Burns Through Its Foreign Reserves Defending the Yuan
The yuan depreciated by nearly 8% since May 2015: it had been appreciating since the last time the exchange rate was established.
Read MoreThe Financial System Does Not Give Way To Draghi’s Blackmail
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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