The recent news by Bloomberg is now confirmed by the media. The damage is done. Interestingly enough, the...
Marqué au fer rouge, le cadre économique et financier est en convalescence. Cette section s’intéresse à cette ‘économie de substitution’ sensée l’aider à se remettre sur pieds: politiques économiques extraordinaires, guidances de tout genre, interventions de l’Etat …
Mais attention, on ne saurait contrarier le libre-marché sans en payer le prix: même si elle reste discrète, la convergence du système économique n’est jamais très loin. Chassez le naturel, il revient au galop !
Forward guidance A short, spicy and refreshing post by John Taylor, the famous economist of the well-known Taylor...
Banks, European ones in particular, may play a central role in the post Brexit world. A lot of attention...
Negative interest rates The risk-on mood has been powerful these days. I stick to my recommendation of a cautionary...
The latest decision of the Fed is described as THE turning point of the US zero interest rate...
Ce billet date de décembre 2015. Souvenez-vous: l'année était (déjà!) marquée par des turbulences chinoises significatives. Le modèle de...
It’s Central Bank’s time. It is also time to recall some of our propositions with regards to public authorities...
This note is about the recognition of policy failures by public authorities and their consequences on financial stability. Our...
Dear All, Some takeaways following yesterday’s decision by the Fed. The ‘exit logic’ has been in force since the...
