On January 25^th China will celebrate the Lunar New Year which, following the zodiac symbols, will be put under the “Rat” symbol. It is arising better than the “Pig” year which has ended, not because the country economic achievements have been disappointing but because the threats which were weighting on the international environment are lessening. The agreement concluded with the U.S. would be honored by both parts, at least until the American presidential elections. Instability in the Middle East should not generate a new oil crisis and a sharp rebound of oil prices, due to the glut of ...

Continue reading

Tensions in the Middle-East had generated at the end of last year a sharp rebound of oil prices, reaching almost 70$ per barrel. When these tensions are far from having disappeared, with the American assault against the chief of the Iranian Army and the launch of a missile which hurt the Ukrainian Boeing, causing 176 deaths, rates fell back under 65$ , the market seeming to ignore the political risks which weight on the most important zone of production and export of oil. This is showing a break with the past. The first two oil shocks in the Seventies had coincided ...

Continue reading

Facing the social crisis, the government answers that its economic policy is the right one, that the current reforms are producing their first results and these ones are visible regarding employment and growth. It well prevents itself, to the opposite, to comment foreign exchanges numbers which remain alarming. The trade deficit excluding energy is still near 20 billion euro when the policies followed for ten years had, as an objective, to restore the French industry competitiveness. The working costs reduction and the taxes diminutions in favor of enterprises, financed by large by the budget deficit were supposed to regain market ...

Continue reading