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

Longing for a lie-in

October 2, 2018 0

Employment is not an end in itself. It just allows us to subsist. This is why it’s productive jobs we need today: ones that will allow us to consume goods and services produced with minimal human labour or effort involved. In my opinion, economic development and prosperity should above all tend to gradually reduce the…

By Michel Santi

Trade war, or American self-sabotage?

September 26, 2018 0

Donald Trump is actively preparing phase 3 of his retaliation plan against China now that the latter has just reacted to his last wave that came into force this week. According to his own statements summarising his approach to China, he began by imposing an extra tax of 50 billion dollars on the country for…

By Michel Santi

Has capitalism become obscene ?

September 20, 2018 0

Wealth and income distribution have become grotesque in our Western nations. Collusion between political and economic powers has now become obvious, and it is of public notoriety that employment is nothing more than an adjustable variable in today’s capitalism. The tacit and consensual agreement on which our prosperity has been built thus far is crumbling…

By Michel Santi

Desperately seeking $ !

August 28, 2018 0

Since last January, interest rate hikes have accelerated throughout the world. It’s simple: we might have returned to the pre-Lehman average rate level, according to a Bank of America Merrill Lynch study! It’s not surprising that, in such a situation, global cash is drying up internationally since it goes without saying that such a tightening…

By Michel Santi