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AB 2000 studies

Alain Boublil Blog

   

World

Globalization : The ideal guilty

When we are facing such a crisis, we need to find a responsible and even a guilty. Globalization looks like the favorite and it is not going to be without effects on “the days after”. The outbreak, as we can know it, was born in China, in one of the country industrial capitals, Wuhan, frequently nicknamed as the “Chinese Detroit”, so developed is its car industry. The outbreak, as also without being sure of it, expanded in Northern Italy and in Alsace because people, coming from the contaminated area, passed on the virus. Always through the mtrips of infected persons ...

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A crisis which is not like the other ones

The crisis the world economy is going through is without  precedent. Measures taken to fight against the corona virus outbreak have, as an effect, to stop the economic activity. Household aren’t anymore moving around, which hurts entire sectors: air transport, hotels, airports, restaurants. Shuted up at home, they don’t consume anymore, except to satisfy essential needs and shops, malls and soon markets close. Enterprises have no more clients or spare parts to produce. Home working is only possible for some services activities. To produce, you need to be there. Plants put their workers on unemployment and close. But ...

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The new oil crisis

In the past, oil crisis were associated with a sharp increase of the barrel price, as at the beginning of the Seventies or in 1979, which had generated an inflationist wave, followed by a restrictive action by the central banks. Through a sharp augmentation of their interest rates, they had caused recessions. These last days, it is the fall of the barrel value, between 30 and 40%, which generates a deep worry. Financial markets, already affected by the corona virus epidemic, have plummeted and the trend was amplified by the American president declarations. Oil company shares or industrial equipments for ...

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