Europe and China versus the United States
Listen to the oral transcription of the text (via an IA) Europe will have to confront the United States head-on, while China can deflect and avoid a frontal approach. On…
Philippe Waechter's blog
Are US firms of today larger than US firms of yesterday ?
Philippon and Gutiérrez answer a clear no Politicians and activists are warning that mega-companies like Facebook, Wal-mart, and Amazon are returning America to the Gilded Age. They point to record breaking profits and mergers the…
The Fed’s message in 8 points
The Federal Reserve message is clear: 1- Macro data remain robust and expected inflation is low 2-Risks on the economic prospects are on the upside 3 – The Fed will…
The Fed is in no hurry to adjust its monetary policy
In its monetary policy statement, the Fed says there is no reason to lower interest rates rapidly. Activity data are still robust and inflation remains moderate. Therefore, as long as…
Fed: lower rates next September ?
The Fed seems open to lower its main rate in September #recession #usmonetarypolicy #FederalReserve #interestrates
US yield curve – an update
Inversion of the US yield curve. The signal for a forthcoming recession. No one wants to take bets on the future.
Drop of the 30y rate
Huge drop of the 30y rate in the US It’s now below 2.6%. Bleak expectations are now a source of concern