Global markets are in an upward trend driven by simultaneous money supply increases at approximately 12% per annum and rate cuts across more than 20 central banks worldwide, combined with earnings growth that exceeded expectations and reduced macro uncertainty around trade deals.

causalpending

Speaker

Daniel Lay

Evidence Quote

We are in an upward trend for global markets driven by the increase in money supply and driven by an absolutely brutal pace of rate cuts all over the world by central banks. more than 20 central banks cutting rates and money supply growth at a global level that is rising at around a 12% per annum rate [6:50]

Source

MacroVoices #492 Daniel Lacalle: The End of American Exceptionalism?Macro Voices
Created: 8/11/2026, 7:39:51 AM

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