In last week’s column (see here), I discussed the importance of public debt as an asset that enables wealth to be transferred to a date in the future, while restricting…
Synthetic indices on economic activity stabilized in August according to the Markit Survey that was out this morning. These figures are consistent with a 0.5/0.6% GDP growth for the third…
Public debt is evil. This is the kind of statement we often see in the press, but it is wrong. If we are going to be concerned about excessive debt…
In a recent post I was worried by the potential weakness of UK domestic demand after the fall of the real disposable income for three quarters in a row and…
Growth has been robust since the beginning of 2017. In the second quarter, the economic activity was up by 2.5% after 2% during the first quarter and 2.4% in the…
The comparison of industrial activity in the European economy is very instructive when we consider the period after the British referendum on Brexit. Despite the acceleration of world trade, British…
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