The Fed at sixies and sevens
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 [...]
Back-to-school mapping : from rebound to breathlessness
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’s time to look beyond Covid-19
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 [...]
Flooded with cash
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 [...]
Asia, shock in return
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 [...]
