TEC-10 index, published by Agence France Trésor, which measures interest rate paid by the State on its ten years bonds has reached on July 1^st, an unprecedented level : 0,17%. It had fallen last Monday, after the announcement of the results of the British referendum, and had come back to the low levels attained during a few days, in April 2015. But the fall was amplified at the end of the week. Investors have chosen the safest assets when financial markets were confronted with a confidence crisis reflecting worries generated by the Brexit vote. But if stock markets ...

Continue reading

Every year, BP publishes its statistics which are an authority and which recount, country by country, the evolution for the last ten years of the production and the consumption of each category of energy. This year report brings the confirmation of a phenomenon which totally invalidates pessimistic forecasts of the last thirty years. We could even go back to the “club de Rome” studies according to which the resources of the planet being limited, we should be prepared to manage their scarcity, especially regarding oil and natural gas. Coal, temporarily, was not concerned by these analysis but the same reasoning ...

Continue reading

Next Thursday, Her Majesty people are invited to a referendum regarding United Kingdom exit from the European Union. The issue is in the front page of newspapers, not only in England.  Stock markets are worried and yesterday, Janet Yellen, Federal Reserve chairwoman, was considering it as a risk to the point to probably differ any rate increase in her country during next sumer, increase which was considered as certain three months ago. President Obama launched a formal call in favor of remaining in the Union, but European leaders were less vocal, as they are cautious to avoid creating any negative ...

Continue reading