From Today to Tomorrow – November 18 – A New Global Equilibrium
The new free trade treaty is between Asia and China, the precedent should have been between Asia, excluding China, and the USA. Donald Trump decided otherwise upon his arrival at…
Philippe Waechter's blog
From Yesterday to Today – November 9 – Joe Biden – The World Does Not Organize By Itself
The economic dimension of the new president is important because he wants to strengthen the middle class, the one which has been weakened by globalization but which is, according to…
From Yesterday to Today – November 5 – USA and China – Favorite Enemies
Donald Trump’s mandate was marked by his battle with China. The Middle Empire is shaking up America economically, technologically and politically. These tensions are not recent but have increased with…
From Yesterday to Today – November 2 – The American election at the heart of the global equilibrium
The American elections are in the midst of a recession. In the past, this economic dimension of the election has always changed the color of the tenant of the White…
The Fed’s new monetary policy
At Jackson Hole, Jay Powell, the Federal Reserve Bank president, spoke of the new Federal Reserve monetary policy. The Fed will target long run inflation at 2%. On the long…
The health risk reappears in the USA – A new lockdown is looming.
The acceleration in the number of Covid-19 patients in the USA is worrying. It diverges from the observation made in Europe and should cause a further upward adjustment of American…
How, for the USA, to find a balanced momentum after such a shock?
The drop in activity in the United States is out of all proportion compared to the recessions of the past. A return to normal, to the dynamics before the health…
Strongest decline in US activity since the 4th quarter 2008.
March was devastating for the US economy with a 6.7% drop in consumer spending. The measure of the decline in activity will increase in the second quarter. The breaks noted…