End of cycle for the ECB?
11/06/2025
Against all expectations, the ECB surprised the markets. As expected, it implemented a further rate cut—the eighth in a year—bringing the de ....
A deceptive diplomatic respite
28/05/2025
European markets began the week on a moderately positive note, buoyed by an unexpected softening of the US stance on the trade front. While ....
New Warning for Washington
20/05/2025
Timing-wise, we've seen better. While US assets have been facing distrust from international investors for several months, and Congress is c ....
"My China" back all the way
29/04/2025
The Wall Street Journal aptly summed up last week's turnaround: "Trump finds his master: the markets." Although he claims to pay little atte ....
From MAGA to VUCA, thank you Miran!
23/04/2025
"There can be a slowdown of the economy unless Mr. Too Late, a major loser, lowers interest rates now." While his trade war has generated a ....
"Trumpology"... Socrates is a cat
09/04/2025
In game theory, the prisoner's dilemma illustrates how two individuals, normally perfectly rational, acting according to their own interests ....
Trump(bear)onomics in action
02/04/2025
Between Donald Trump's constant overbidding, his incessant back-and-forths, and his notorious contradictions, it's almost indigestion. It's ....
Wait and see
26/03/2025
In our last meeting on Monday, we emphasized that given the current economic uncertainty in the United States, it was urgent for the Fed to ....
The noose is tightening
18/03/2025
Is the golden age turning into a leaden age? The hopes raised in the financial markets by the election of Donald Trump and his "pro-growth" ....