Just three years ago, who had ever heard about Donald Trump and Elon Musk ? Those who had stayed in New York during the Eighties remembered the story of a real estate magnate who got bankrupted but who recovered. There was a Trump Tower, on 5th avenue and rumors in tabloids about his misbehaviors and his divorces. But nobody paid attention to him anymore. Today, he is the republican candidate for the next presidential election, which will occur in six months from now, to the great displeasure of the party establishment, who has done all it could do to turn him ...

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When, during 2007 summer, banks realized they had, in their books, assets which were constituted with irrecoverable loans, financial planet started to be shaken. It will be necessary to wait for Lehmann bankruptcy, a year later, to assess the size of the disaster which provoked the biggest post-war financial crisis and a major world recession. Are we on the brink of the same situation? Market value of the banking sector has fallen since the beginning of the year and it reflects this concern but, apparently, banks are in a much better situation than in 2007. Their core capital ratios have ...

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2015 hasn’t been a year as any. Oil, Yuan, Fed, Europe and France have known majors turning points. Some of them will generate structural evolutions which will affect the world economy at least for its next ten years.

Oil, first. 2015 has brought the confirmation that price fall observed at the end of 2014 was not only the result of geostrategic choices, Gulf States, with Sunnite predominance, willing to weaken Shiite Iran and the United States trying to cut Russian resources after Ukrainian crisis. OPEC decision to maintain the level of its production, confirmed a year later, was the ...

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