The time of ruptures

In Venice, G-20 ministers and central bankers are showing a common front. Will it last? This year Venice meeting is reminiscent of another. In November 2008, in the midst of the financial and [...]

The Return of Dr. Doom

At 93, Henry Kaufman gives his thoughts on the evolution of finance and monetary policies… A lesson to ponder. Henry Kaufman represents for many in the profession, the model of the [...]

Magic Money

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 [...]

It ain’t over yet…

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 [...]