To make a fortune in real estate doesn’t necessarily constitute a good training to understand the present world and to be prepared to the tomorrow outside world. Such is the lesson we can learn from the declarations and the first decisions of Donald Trump and his team. His personal ideas regarding women or religion are arousing in his country and outside a strong reproof. They correspond to the choice of a minority of Americans but, to put them into practice, the new president will have to compromise with the very efficient check and balance principles which are the characteristic ...

Continue reading

The euphoria which has prevailed on financial markets for a month, following Donald Trump election seems unfailing. Monetary policy becoming more restrictive and the dollar rise which resulted from it, did not undermine commentator optimism and investor appetite. After a gloomy start this year, American growth rebounded during the third quarter to reach, on an annual basis, a rhythm close to 3%. In November, unemployment rate staid at 4.6%. In this economic environment, Janet Yellen, who chairs the American central bank, announced last week, an increase of its key interest rate, which was expected. But, and that was much ...

Continue reading

The surprise created by Donald Trump election is as high as the uncertainties of his economic choices. It is not rare that the promises of a candidate during his campaign don’t give an exact view of what he will do, once elected. And us, in France, we are not well placed to give lessons on that matter. The situation is more complicated in the United States because the president needs to have the support of the Congress, for his economic policy, his public finance choices and social reforms. The new president in these matters will be in a much ...

Continue reading