Emilio Matilla Rocha

[Ray Dalio @RayDalio]

When I look at the US and global debt burdens and how countries are likely to respond, I worry about the possibility of creating a stagflationary environment.

Our financial system is dependent on the idea that you can take a debt asset and convert it into money. But now there’s not enough money to go around.

That makes the idea of devaluing the dollar relative to other currencies appealing — but the other currencies won’t want much of an appreciation either. That’s one of the reasons I say that gold will be a better performing asset.

[ICAE @ICAE_UCM]

@ICAE_UCM we are thrilled to congratulate🎉 @e_m_rocha (bachelor degree in Finance @unicomplutense, now @Bankinter) who obtained distinction in his final project (TFG): A Quantitative Framework for Crypto Asset Pricing: Extending the Fama-French Model with On-Chain Factors! 1/5���