International finance in 2025*
Like the real economy, finance is disoriented by recent economic and political developments.Gold is at its highest, and long-term rates in Germany have risen as never before following the announcement…
What if the German recovery plan was the long-awaited boost for Europe?
Since 2019, the German economy has stagnated, and the negative impact of Covid has been caught up with but not overcome. German GDP increased from 100 to 100.2 between 2019…
Consumers at the heart of the risk of recession in the United States
Recession fears are growing in the United States as the economy trended robustly toward the end of Joe Biden’s term. This shift in outlook is becoming increasingly significant. About ten…
Inflation is not a monetary phenomenon
Inflation stories are all different. While price increases are tending to normalize in the Eurozone and the United States, China is on the verge of becoming deflationary, and Japan, long…
What currencies in tomorrow’s world ?
The world that is emerging will not resemble the one collectively constructed until now. This integrated world had transparent borders and has lived.In this world, the dollar reigns because it…
Tariffs, US Recession, “Smoot-Hawley” and China
The last few days have been marked by Trump’s procrastination on tariffs. One day he imposes very high tariffs on Canada and Mexico, lower ones on China, then he reverses…
What has changed for Europe?
Things have moved very quickly since Trump arrived in the White House just 6 weeks ago.But for Europe, what is changing? Three levels to consider.1- That of economic policy. The…