Jason Burack of Wall St for Main St interviewed returning guest, PhD Economist, professor, fund manager and author, Daniel LaCalle http://www.dlacalle.com/en/ Daniel's newest book is, Escape from the Central Bank Trap, but he's also written books about the oil and energy markets (The Energy World is Flat) and about his career in financial markets (Life In the Financial Markets). http://www.dlacalle.com/en/category/books/ Daniel has also worked in the financial industry for over 2 decades. Follow Daniel's English language (he also has a Spanish Twitter feed) Twitter feed here: https://twitter.com/dlacalle_IA Despite his PhD in Economics, Daniel is a follower of the Austrian School of Economics and he's written many great articles on many different topics about investing and economics for the Mises Institute: https://www.mises.org/profile/daniel-lacalle During this wide ranging, in depth discussion of markets and the global economy, Jason asks Daniel about whether the Fed continuing to hike interest rates will eventually break something, if central banks can meaningfully reduce their balance sheets, why the US Dollar has been weak despite rate hikes for over 12 months, why European junk bonds are selling for lower yields (pricing in lower risk) than US Treasuries and also about the enormous and out of control credit bubble that the central planners in China have now done. Daniel goes an an epic rant against the gold backed petro yuan and people in the alternative media and gold communities who are convinced that China will go to a gold standard soon and has a great economy devoid of problems. To wrap up the interview, Jason asks Daniel about Bitcoin, crypto currency, the oil market and Daniel talks about his newest book and some ways to diversify to escape the central bankers trap. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected]