François Hollande did talk too early last wek. The huge increase (+34 900) of the number of unemployed people in July, calculated by Pôle Emploi, has cooled the hopes of those who were thinking that time had come for the unemployment curb to be reversed. The policy followed by Emmanuel Macron predecessor, whose he was his influent advisor at the Elysée, has not produced the results which would allow the late president to be proud of his achievements. That figure is not only very disappointing compared to the previous month but the magnitude of the rise, which ...

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La satisfaction avec laquelle ont été accueillis les derniers chiffres relatifs à l’économie française est loin d’être justifiée. La croissance au rythme trimestriel de 0,5% constitue certes une amélioration après la longue période de stagnation qu’a connue la France comme le retour des créations d’emplois. Mais celles-ci n’atteignent toujours pas le niveau requis pour qu’enfin le chômage baisse significativement. La hausse continuelle observée depuis près de 10 ans a été stoppée mais le retournement de tendance qui permettrait une diminution du nombre de l ...

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Financial markets have always been influenced by the innovations which affected the survival of some companies or which generated the success of the others which had been at their launch. Excessive reactions spiraling out of controls even generated major crisis as at the beginning of the years 2000 with the Internet bubble. Its blow-out had consequences by far more important than the fall of some stocks and affected growth of the American economy. Lessons have not been learnt because we see again a craze for stocks which represents the “new economy” as Alphabet, Google parent company, or Amazon. They reach ...

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