The inflationist crisis that the Western countries are now knowing and the envisioned remedies are inevitably sending back to that one of the Seventies final years, generated by the second oil shock, itself provoked by the war in Iran. During near forty years, the developed world was thinking it had put an end to inflation and was even starting to be worried by a deflation risk. In the United States, it is the appointment, at the end of 1979, of a new chairman at the Federal Reserve, Paul Volcker, which constituted a real turnaround. To fight against inflation which was ...

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It is obviously not a chance if the Russian assault against Ukraine has been launched the day after the closing ceremony of the Olympic Winter Games in Beijing. The attention of the world must not being diverted. China saw in that ceremony an opportunity to increase its international influence.  And Moscow wanted to protect the priviledged links the Russian leaders had with their Chinese couterparts. The Vladimir Poutine presence during the inauguration, when he had not left his country since the beginning of the pandemic, had been an other symbolic gest revealing his will to be sure, if not of ...

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At the end of February, inflation, year-on-year in France reached 3.6 %. This month alone, consumption prices had increased by 0.7% after 0.3% in January. If we use the harmonized calculation mode defined by the European rules, inflation has been during that period 4.1%, an unknown level for thirty years. The main cause has been the increase of the energy prices (+21% on one year) resulting from geopolitical tensions because the costs production increases had not yet been completely passed to the other categories of goods and services. In the United States, inflation year on year has ...

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