My point of attention: the price of bitcoin beyond 70,000 USD
Expected this week: the Fed meeting The pdf document is here Body

7 themes this week

=> What does the price of bitcoin represent? Page 2
By providing the possibility of offering bitcoin ETFs, the American stock exchange authorities have validated bitcoin as a speculative asset.

=> Salaries in the Euro zone Page 3
The reference salary in the Euro zone has not fallen since the fall of 2023. Salary negotiations are focusing more on catching up at the risk of prolonging the inflationary drift.

=> French growth and the government’s forecast Page 4
The new INSEE scenario for the French economy in 2024 does not appear compatible with the government’s forecast of 1% for the whole of 2024. This could then be translate into a more rigorous amending finance law if the objective is to maintain a public deficit at 4.4%.

=> American inflation. Page 4
As in the Eurozone, American inflation has a persistent bias towards services, reflecting continued strong increases in wages.

=> Are we ready? I do not believe Page 5
Observation of a global climatic situation which is perilous. The most worrying is a form of indifference in the face of the announced danger.

=> Europe and the risks of climate bifurcation Page 6
Europe is the region in the world that is warming the fastest. Within this the situations are heterogeneous. This could result in tensions between countries as the new constraints reshuffle the cards.

=> Video – What is the link between world population, climate change and energy transition? Page 7 (in French)
On the relationship between demography, carbon emissions, past and present, and the future increase of 2 billion individuals in the world population.