Archives Jan. 1, 2019

The publication of the first estimation of the American GDP for the 1^st 2019 quarter has given the opportunity to enthusiastic comments as the last unemployment figures, the best for 49 years. With a 0.8% growth, i.e. an annual rhythm above 3%, the American economy has invalidated the analysis which were forecasting for that period 0.5%, due, partly, to the shutdown. The stoppage of the country administrative activity, provoked by the disagreement between the White House and the Congress about the increase of the public debt limit had generated the put in lays-off of a part ...

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The economic policy lead in France by the government is going in the right direction and results are testifying of it. It would not be appropriate to change the cape. At the latest, it is necessary to proceed to institutional reforms and to some adjustments of that policy to take into account the social disease which is expressed through the “yellow shirts” movement. Such is, in substance, the message delivered last week by the president of the Republic. It is based on the last statistical publications about growth, public deficits, foreign trade and employment. In despite of that, we don ...

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On April 18^th, the market interest rate for the French debt with a ten year maturity was 0.30%. Since the beginning of the month, it has fluctuated between 0.24% and 0.34% when the yearly inflation rate was above 1%. This exceptionally low level is the consequence, in presence of the slowing of European conjuncture and especially in Germany, of the European Central Bank decision to keep negative short-term interest rates at least until the end of the year and of the favorable appreciation by investors of the France solvability. The spread with the German bond for ...

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