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Articles by Pablo Pardo

About the Author

Pablo Pardo
Pablo Pardo is Washington DC correspondent of El Mundo. Journalist especialized in International Economics and Politics.
FannieMae

World economy 21st September 2018

US Is About To Repeat The Errors Of The Past

Pablo Pardo (Washington) | In 2008 they hardly demanded anything of someone seeking a mortgage. They were the famous Ninja credits (‘No Income, No Job, No Assets’). Today, in the US, to sign a mortgage requires the buyer to out his signature at least 33 times, plus 6 or 7 more in which he must put his initials in boxes esecially designed for them. It is only one of the changes experiences in the world’s superpower since Lehman Brothers went backrupt a decade ago.

Former Fed's chairman Ben Bernanke recently declared that he declared that “in 2020 the coyote is going to leap off the precipice and is going to look down”

World economy 19th July 2018

The “Coyote” Economy

On the few occasions the Fed’s former chairman Ben Bernanke speaks in public, which makes him feel physically sick- , he resorts to metaphors. It is what he did in May when he declared that “in 2020 the coyote is going to leap off the precipice and is going to look down”. Bernanke was referring to Wile E.Coyote, the coyote in the Roadrunner, a series of Warner cartoons which ran in the 50s and 60s.

There is not US salaries inflation

World economy 2nd July 2018

US Salaries Save Productivity

Pablo Pardo (Washington) | The first economy in the world has been creating net employment without interruption for seven years and eight months. For now everything indicates it will continue to do so. And best of all: there is no wage inflation. In other words, it is impossible to understand what is happening in the US, although that does not prevent various theories being advanced to explain the situation.

The US and Canada have reached a trade agreement which will replace the existing NAFTA

World economy 4th April 2018

The Three New Horsemen Of The Commercial Apocalypse

Peter Navarro, Wilbur Ross and Robert Lightizer: these are the three new horsemen of the Apocalypse. At least for the majority of US businessmen and investors. They appear to have constituted the core of Donald Trump’s team of economic advisors.

Trump´s volatile mood

World economy 13th February 2018

The King Of Debt And Debt

“I am “the king of debt”. That was very grandiose for me as a businessman, but it’s bad for the US. I made a fortune with debt, I will sort out the US”. This is the kind of tweet which would ruin anyone’s political career, with the exception of one person: Donald Trump.

The year of US infrastructures

World economy 9th January 2018

The US: 2018 May Be The Year Of Infrastructures

2018 may be the year of the infrastructures. Perhaps it won’t be the best or the most efficient plan which emerges. But what’s clear is that something has to be approved which allows Donald Trump to cut the ribbons on motorways, bridges and other more or less large structures.

Mohamed El Erian interview

Interviews 4th December 2017

“There Is Some Problem With The Productivity Statistics”

Mohamed El-Erian, currently chief economist with German insurance group Allianz, and touted as a possible sucessor to Stanley Fischer, believes that monetary policy cannot do any more. And that the governments of the democratic countries have not been capable of coordinating economic policies which solve the problems created by the last crisis.

US conventional oil excesses

World economy 27th October 2017

USA “unconventional” excesses

Pablo Pardo (Washington) | Why has the US continued to pump “unconventional” oil to such an extent that it seems almost certain that this will be the year when it beats its production record? It is also an example of the extent of the US economy’s madness with the Federal Reserve’s expansive monetary policy over the last 10 years.