Watch out for post-Christmas pitfalls
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 vaccination against the recession…
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 [...]
Janet and Jerome, the return of “Entente Cordiale”
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 [...]
A contactless world
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 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 [...]
Banks, the return to grace
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 [...]
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 [...]
