The US: a rate cut to come ?

January 5, 2019 0

The US Federal Reserve, as we know, is in the process of “normalising” its monetary policy stance. That means it’s committed to gradually raising its guideline rates, after the extreme efforts during the finance crisis that led to quantitative easing. After increasing its rates four times in 2018, it has just announced two or three…

By Michel Santi

Saudi Arabia is no longer ‘too big to fail’

December 5, 2018 0

Is Saudi Arabia still an important partner to the US? The question answers itself, at least partially, with the Middle East having drastically changed since the strategic and fundamental alliance made in 1943 by President Franklin Roosevelt and King Abdulaziz Ibn Saud. It’s now a distant time when FDR boldly, vociferously claimed that “the defence…

By Michel Santi

The cabal against Carlos Ghosn

November 21, 2018 0

Carlos Ghosn’s deposition? This is in no way a legal matter, and even less so a penal one: it’s rather a palatial revolution. Nissan is profiting from crime, mainly its CEO Hiroto Saikawa, who struggled to hide his joy at dethroning Ghosn after nineteen years of sole reign over not just the companies that he…

By Michel Santi

USA 0 China 1

November 19, 2018 0

China is about to win the first leg of the trade war against the US. The latest statistics are actually shocking for the US Government, with the trade deficit with China at its highest historical level. These figures – that show a Chinese surplus of more than 37 billion dollars for the month of September,…

By Michel Santi

Keynes’s shadow is looming over Brexit

October 27, 2018 0

“When the facts change, I change my mind”: this was one of Keynes’s maxims that became an established way of thinking. What would his attitude to Brexit have been? For or against it, he would nonetheless have been part of the negotiations to try and extract the best agreement possible, despite the strongly unfavourable conditions…

By Michel Santi

1929, 2008, and 2019?

October 9, 2018 0

Why get worried about exaggerations – aberrations even – over current stock market prices when the American index of reference, the S&P 500, is only showing drops in the way of 1%? While US public debt is reaching astronomical heights of nearly 22 trillion dollars and while companies listed on this S&P 500 index have…

By Michel Santi