Stagflation Threat Rises as ECB Cuts Rates - Daniel Lacalle

"Jeremy Szafron, Anchor at Kitco News, interviews Daniel Lacalle, Chief Economist at Tressis, to discuss the European Central Bank’s (ECB) potential rate cuts and the global consequences. Lacalle warns that with inflation falling below 2% but core inflation remaining high, premature ECB rate cuts could trigger stagflation in several Eurozone nations. He also analyzes the broader macroeconomic picture, including the impact of global geopolitical risks like tensions in the Middle East on energy markets and inflation worldwide.

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00:00 - Introduction
01:25 - US Job Growth, Wage Stagnation, and Rising Consumer Debt
03:16 - Is US Debt Manageable in the Current Economy?
05:00 - Core Inflation Concerns and Energy Prices
07:00 - Impact of Iran-Israel Conflict on Global Oil Prices
09:30 - Is the Commodities Super Cycle Returning?
12:15 - ECB Rate Cuts: Risks of Stagflation in Europe
16:45 - China’s Stimulus and Real Estate Market Challenges
20:30 - Global Slowdown and Impact on Commodities
24:45 - Investment Opportunities in Gold, Commodities, and Hard Assets

#KitcoNews #DanielLacalle #Economy2024 #GlobalMarkets #InflationCrisis #USDebt #OilPrices #GoldInvestment #Stagflation #Commodities #ECB #ChinaEconomy #RateCuts #GeopoliticalRisk #InvestmentOpportunities #JobMarket #FinancialNews #CentralBanks #EnergyPrices #MonetaryPolicy #MarketAnalysis #EconomicOutlook #PreciousMetals #StockMarket #GlobalEconomy
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