The investment firm starts from a scenario of high inflation and moderate growth. He believes that the sharp falls that have been seen this year, with only two positive assets: the dollar and gold, “it is a fantastic time to build portfolios if you have liquidity or rebuild it in the long term”, commented Daniel Lacalle. In fixed income, the worst could be behind us.
“The scenario is one of slower growth, but not a financial crisis like the one in 2008. The best positioned economy for this context is the North American, less dependent on energy from abroad, with a recovering labor market