Posts

The rise in final demand has sent shock waves through production lines. Should we fear a lasting return of inflation? Pandemic-related confinement and forced savings – brought about in part [...]

Much is expected from Mario Draghi… And maybe not only in Italy. Once more time in the history of the country, a technocrat/providential man has entered the Chigi Palace, the residence of Italy [...]

In the wake of the Covid-19 crisis, calls for the cancellation of public debts are gaining momentum. It did not take long for Christine Lagarde to firmly reject calls for the cancellation of all [...]

Taiwan finds itself in the global economic and diplomatic spotlight. A rather uncomfortable situation. She masterfully defeated the COVID-19 pandemic. The Island is at the heart of some of the [...]

How small investors reinvest the stock market. It starts with a social network-led rally. Then a league of small shareholders who launch a wave of purchases through the new trading platforms, and [...]

Will the return to calm in Washington allow us to catch our breath, or will we still have to hold it back? The soufflé has fallen back in the United States. The first steps taken by President [...]

President Biden hits inauguration running. How far will the markets follow him? Since the launch of his campaign, Joe Biden has had to overcome many obstacles to reach this inauguration ceremony, [...]

What benefit can Europe really expect from the investment deal with Beijing? What was the EU going to do in this mess? It is roughly in these terms that one could describe how was perceived the [...]

Measures against the pandemic have accentuated inequalities. Getting rid of the rags of 2020 won’t be so easy. Without regrets, we said goodbye to 2020. The coming year brings hopes for a release [...]

The imminent deployment of the anti-Covid vaccines raises high economic expectations. Are they exaggerated? The imminence of the anti-Covid vaccine has already boosted stock markets and generated [...]

Hailed by the markets and beyond, Janet Yellen has no real opponents. She may face no less oppositions I won’t hide it, I’m one of her fans! I had the chance to meet Janet Yellen when [...]

The RCEP, free trade agreement seals the Asian and even more the Chinese “pivot”. As impressive as it is, it bears many ambiguities. It is the agreement of the century and the one of all records. [...]

Caught between the pandemic and ecology, post-Covid tourism must redefine itself. An opportunity of valorization for investors. All it took was the announcement of Pfizer’s vaccine progress [...]

The last-minute suspension of Ant Group’s IPO has cast doubt on Chinese financial practices. The simultaneous listing in Shanghai and Hong Kong promised to be historic. Not only did the IPO was [...]

On this day of the American elections, markets are opting for a clean and flawless victory. Whoever wins, some tough realities will persist. Too late to gamble, and too early to get an idea of [...]

The pandemic has accelerated the digitalization of our relationships. What will be the winning models of this transformation? It is an understatement to say that the social distancing imposed by [...]

The virus is under control, growth is back, financial markets are attractive… Is China the next puzzle for responsible investors? While our tv screens display more about the “second [...]

The battle for the presidential election will focus on the results and the economic promises of the candidates. What can investors expect from them? The first televised debate turned out to a [...]

From now on, in the spotlight, will he be able to assert himself as the reformer he aspires to be? From his previous position as Chief of Staff, to his appointment following internal negotiations [...]

Is the pirate strategy, which Boris Johnson is draging the UK into, worth it? International and trade relations have never been a ‘gala dinner’[1], that is a fact. But the bill, approved by the [...]

The crisis of the COVID signals the return of the state and even of strategic Europe. Is that good news for investors? Many years ago, Europe successfully launched the Airbus project; now let us [...]

Europe and Japan have a historical opportunity to reinforce their political and economic ties and take the lead of the “soft powers” In these times of social distancing, it is good to think of [...]

As expected, Jérôme Powell delivered the Fed’s new long-term monetary strategy to Jackson Hole. It leaves a taste of unfinished business. The Jackson Hole Symposium (this year held at a [...]

The rebound in the economy is showing signs of faltering, but not the pandemic. More importantly, both are mutating. With the release of GDP statistics, the summer has brought confirmation of the [...]

It is certainly not the debacle, but Europe is being tested. 80 years on, will Angela Merkel emerge as a modern Churchill? Angela Merkel’s Germany has just taken over the Presidency of the [...]

Reclaiming economic sovereignty, protecting jobs … The virus of protectionism is spreading in doses that are less and less homeopathic. The evidence is more striking every day: the Covid-19 [...]

More than ever, climate change is on the agenda. Investors intend to contribute. Will they have a decisive influence? The confinement reduced the “earth overshoot day” by three [...]

Pandemic, confinement … Big cities are no longer popular, and new technologies could provide some workers with the means to escape it. ” Cities must be put in the countryside, the air [...]

Alberto Alesina advocated for a well understood and well-managed austerity. Against the tide today, will it soon be in the wind? Will there be an “Alesina moment” as there was a [...]

The COVID crisis whets the most extreme appetites in favor of money creation. But remember that there is “no such thing as a free lunch”… From “helicopter money” to debt [...]

More than ever in a position of strength at the end of the first phase of the COVID-19 crisis, will Angela Merkel be able to plug its cracks? She is not the only one, but during this crisis, [...]

An interview by Swiss journalist  Yves Hulmann for allnews.ch, on May 12, 2020 For Valérie Plagnol, the action of central banks underpins the rebound in the markets. The lack of visibility [...]

After a moment of suspense, Italy has just seen its note confirmed by the credit agencies. Was it really necessary to reach these extremes? Italy, confined since March 9, did not need this! Since [...]

Between China and the United States, the economic war continues on other grounds, and by other means. As we know, a strictly economic and financial assessment of the current situation would [...]

Banks, vectors of monetary creation, are on the front line in the COVID-19 crisis. The opportunity to settle the accounts for 2008. With rates already below zero, the European Central Bank has [...]

After several weeks of confinement, the conditions and the organization of the return to normal activities remain to be specified and will not be without risk. When will I see my hairdresser [...]

Central banks have become “lenders of first resort”. Shouldn’t they return this role to traditional banks? Containment will surely have unexpected effects. It may be that the [...]

The battle against the Covid-19 is far from won in Asia. But China is already trying to write its history. Captured by our own fight against the Covid-19, subject to the constraints of [...]

I was a guest-speaker at the BCA annual conference which took place in NYC, last September 26-27. At the round table on the future euro, I delivered: My top 10 list of reasons why you should [...]

Honored and proud to participate in the upcoming BCA Conference, in NYC next September 26 & 27 . Will join the panel on the future of the euro area.   SPEAKERS BCA’s New York Investment [...]

The Brussels Economic Forum is the flagship annual economic event of the EC. Now in its 19th year, the BEF is the place to be if you want to be at the heart of stimulating debates and share new [...]

L’euro a déjà surmonté de rudes épreuves. Ses détracteurs, comme ses soutiens, continuent de tirer argument de cette construction originale. Le 31 décembre 1998 à midi, nous étions nombreux dans [...]

The mid-term elections revealed few surprises, but rather confirmed the deep divide in the US political landscape. President Trump and the new House majority may enter a period of simultaneous [...]

The Italian coalition government has entered into open rebellion with the European Union by presenting a draft budget that incorporates a massive increase in its spending, in direct violation of [...]

Quelques réflexions de Randal Quarles sur l’état de l’économie américaine lors du déjeuner du New York Economic Club. Pour Randal Quarles, le diagnostic est clair : l’économie américaine continue [...]

While the ECB left its policy stance unchanged at its September 8 meeting, the time of assessment of monetary policies has come, in Europe, but also in Japan, the UK and even the US. And the [...]

May German Ifo survey rose above expectations to 107.7 vs 106.7 in the previous month, its highest level since the end of last year. Following a strong growth in the first quarter (+0.7% QoQ), [...]