Covid-19 in the US
In the United States, the number of Covid-19 infected is increasing at an exponential rate. It almost doubled in 4 days, going from 65,778 on March 25 to 121,478 the…
Philippe Waechter's blog
The biggest break in the American economy?
Are the United States facing the biggest break in activity in their history?This may be the story told by the number of weekly jobless claims.It is linked to the number…
Again , the Federal Reserve slashes its interest rate
The risk associated with coronavirus has provoked the state of emergency declared by the White House, forcing the Fed to collapse its intervention rate. The fiscal policy will have to…
The Federal Reserve will continue to drop its benchmark rate
Distortions on the US yield curve will force the Fed to reduce its rate at least one more time All the US rates are down, reaching unprecedented levels. Last Tuesday,…
The coronavirus may be a game changer for the US presidential elections
The coronavirus is a collective risk. On the eve of the presidential elections, it could increase demand for social security in the USA and weigh on the political balance The…
The ECB will not follow the Federal Reserve
Will the ECB follow the Federal Reserve. Will it slash its main interest rates ? The answer is a clear no. The US 10 year interest rate dropped dramatically in…
Fed’s pessimism on the coronavirus
By slashing its benchmark interest rate by 50bp, the US Federal Reserve indicates its long term pessimism. The graph shows that before the move, all the US interest rates were…
Voodoo Economics
I am thrilled to report to you that our economy is the best it has ever been (Trump’s 2020 State of the Union Address) This sentence starts one the first…