The French state has issued February 1st a new ten years bond. The rate provided by the market came close to the 1% symbolic barrier, when, since the beginning of the year and during 2017 last quarter, if fluctuated between 0.50 and 0.75%. This move is not isolated. The growth acceleration in the U.S. permits to anticipate a more restrictive monetary policy by the FED. American rates, with the same duration are above 2.70%. The trend is the same in the United Kingdom but for different reasons. The devaluation caused by the Brexit has made imports ...

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Lavish meetings in a chic winter station or in the Gallery of Battles in the Versailles palace are they the best way to reconcile people with globalization? It is not sure and it would useful because the phenomenon is as irreversible as industrialization was in the 19th century. The world is currently living with a stunning paradox. The trial of globalization is generalizing at a time when, regarding economic situation, optimism prevails and growth has rebounded and is even accelerating, if we follow the conclusions of the International Monetary Fund. If this transformation of the world was as harmful as ...

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The British decision, approved by a referendum, to exit from the European Union, the Brexit, has become a reference as a mistake made by the people. It is beginning to pay the consequences. Growth has slowed, the currency has been devaluated by 13% and both internal and external deficits have jumped. It is just the start because if United Kingdom is still a member of the UE, at least until 2019. But negative anticipations will soon leave the place to negative decisions: companies will reduce investment and some will even leave the territory. In some few years from now, British ...

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