During months, economists and commentators alerted us to the risks on financial stability generated by too low or even negative interest rates. Donald Trump election has encouraged financial markets to anticipate a switch of American economic policy: monetary policy would become more restrictive, and the first signal should come next week with an interest rate rise decided by the Federal Reserve Board, while the budgetary policy would become more expansionist through taxes reductions and the launch of a public investments program. Actually, if the first part of this change is granted, the second one is more uncertain. The impact on ...

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François Fillon massive success is good news for François Hollande for two reasons. First, it confirms that poll opinions have no predictive value. These institutes, and all those who, all along their editorials, comment them are the real losers of this primary election of the right and the center. At any time during the week which preceded the first round has been imagined that the one who finally won, was even going to participate to the second round; To keep the suspense on, and then the interest of the public and of their clients, the institutes, following their ...

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Current transformations of the Chinese economy and the growing implication of its businesses in the world market will necessitate the creation of a high level financial hub where will be processed its transactions with foreign countries. This hub is already found: it will be Shanghai.  Yuan internationalization, launched almost ten years ago, in a general indifference, and even a denial, as in France, is going on and even is accelerating. Monetary bumps occurred last year when China central bank decided to modify its intervention procedures with a certain clumsiness caused by its inexperience, are now part of the past. The ...

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