Daniel Fernández is the founder of UFM Market Trends and professor of economics at the Francisco Marroquín University. He holds a PhD in Applied Economics and a masters degree in Austrian Economics from the Rey Juan Carlos University in Madrid. He also holds a masters degree in Applied Economics from the University of Alcalá in Madrid. He was previously a fellow at the Mises Institute.
“El Salvador can be seen as either a pioneer in the world of cryptocurrencies or as a country that is reckless in its government finances.” ~ Daniel Fernández
“The most seasoned enemies of capitalism are going to have to search for another narrative since the narrative of the Great Decoupling and the growing power of capital over labor lacks empirical and theoretical support.” ~ Daniel Fernández
“If central banks protect the value of the currency, they will create an economic crisis. If they try to avoid the economic crisis, they will destroy the value of the currency and cause a monetary crisis anyway.” ~ Daniel Fernández
“Markets are now extremely complacent. Zombie companies, which were already a problem in 2019, have not been killed off; indeed they have multiplied. The zombie apocalypse could be closer than we imagine.” ~ Daniel Fernández
“The Chinese banking and real estate sectors are on the brink of death. The government will do everything possible to reorganize the former and to save the latter, but it is very possible that it will be incapable of succeeding.” ~ Daniel Fernández
“The chances of Evergrande’s survival without public aid or without the massive injection of cash from some unsuspecting investor are therefore nil.” ~ Daniel Fernández