Miguel Ángel TempranoEconomics, geopolitics and investment
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Forty years of analysing the markets and the geopolitics that drive them.

Miguel Ángel Temprano | Economics, monetary policy, investment, financial markets and geopolitics

Investment fund manager, director and financial analyst. Recognised as one of Spain’s top 100 financiers of the year by Actualidad Económica magazine. University lecturer and regular contributor to radio, television and the financial press.

Miguel Ángel Temprano
France still pays its debts and retains an economy capable of sustaining them.
Column no. 59, titled «France and the risk the euro cannot contain»
40+

years of professional experience

25

years managing investment funds

16

countries in which he has set up companies

59

columns published since 2019

The column

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October 5, 2026 · Macroeconomics

France and the risk the euro cannot contain

France still pays its debts and retains an economy capable of sustaining them. What is beginning to fail is confidence that its Government can halt the rise in borrowing.

The World in 5 Minutes

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Geopolitical analysis

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What you see here is a sample of my media appearances. If you want to see them all, or to find one in particular, they are available in the archive of appearances.

DateMediaProgramme or headline
05 Oct 2026Radio IntereconomíaCierre de MercadosCierre de MercadosListen
28 Sep 2026Negocios TVTemprano: «Trump va a ser recordado muy mal. En el movimiento MAGA ya le consideran un mentiroso»Negocios TVWatch video
27 Sep 2026Negocios TVTemprano: «EEUU y Trump podrían haber encontrado la forma de ganar económicamente a Irán»Negocios TVWatch video
25 Sep 2026Radio IntereconomíaCierre de MercadosCierre de MercadosListen
24 Sep 2026Negocios TVTemprano: «EEUU y Trump podrían haber encontrado la forma de asfixiar económicamente a Irán»Negocios TVWatch video
24 Sep 2026Radio IntereconomíaXi despliega su poder suave en EEUUVisión globalListen
23 Sep 2026Negocios TVTemprano: «Si se para la Inteligencia Artificial, grandes tecnológicas quebrarían»Negocios TVWatch video

There are no such entries in this selection.

FX report

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About me

PhD candidate in economics, awaiting defence of my thesis. In my research, I analyse the current validity of the quantitative theory of money, formulated by Nobel laureate Milton Friedman. I propose an update of this theory to reflect today’s economy, which is characterised by levels of globalisation and digitalisation very different from those of the 1960s. I demonstrate the validity of this reformulation using advanced econometric methods. I hold an MBA from IE Business School. In addition to my university studies in economics, I hold a degree in Biochemistry and Fundamental Biology.

A 63-year-old Spanish economist, born in Madrid, with over forty years’ experience in the management of multinational companies and in the management of investment funds, in both private equity and public equity.

I spent the first twenty years of my professional career in the ‘real’ economy – the sector that manufactures goods and provides services other than financial ones. The Americans call it ‘Main Street’. I worked in telecommunications technology at Wandel & Goltermann; in logistics at Mayne Nickless in London; and at EXPAL, a leading company in the fashion and defence sectors. From there, I made the leap into the financial world, where I have spent 25 years managing investment funds comprising both listed and unlisted securities. I have headed two fund management companies.
Over these 40 years, I have had to negotiate and deal with all sorts of counterparties. From executives at large multinationals to all manner of politicians, which has shown me that it is not enough simply to understand one’s own business; one must also understand why others make the decisions they do, decisions that are often shaped by geopolitics. 

He has set up companies in sixteen countries across four continents and forged strategic alliances in twenty-four. He has served on boards of directors in Spain, Europe, Latin America, Africa and Asia, and has lectured on business valuation and strategy.

Analysis and technical notes

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FX report · 30 Sep 2026

Regime of the day: A

Normal conditions. Volatility, liquidity, dollar stress, safe havens, credit and commodities.

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