Two weeks after its referendum on Brexit, the United Kingdom is confronted to a political crisis especially serious since it was completely unexpected. Referendum result was uncertain and polls have fluctuated all along the campaign. As it occurs frequently, they were wrong. The last days, they gave the “Remain” option as a winner, maybe due to the emotion generated by the assassination of the Labor M.P. Jo Cox. Bookmakers and investors shared on the same opinion. European stocks markets fall reflected the brutal reversal of speculative positions from those who had lost their bets. But, worst had yet to ...

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TEC-10 index, published by Agence France Trésor, which measures interest rate paid by the State on its ten years bonds has reached on July 1^st, an unprecedented level : 0,17%. It had fallen last Monday, after the announcement of the results of the British referendum, and had come back to the low levels attained during a few days, in April 2015. But the fall was amplified at the end of the week. Investors have chosen the safest assets when financial markets were confronted with a confidence crisis reflecting worries generated by the Brexit vote. But if stock markets ...

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Every year, BP publishes its statistics which are an authority and which recount, country by country, the evolution for the last ten years of the production and the consumption of each category of energy. This year report brings the confirmation of a phenomenon which totally invalidates pessimistic forecasts of the last thirty years. We could even go back to the “club de Rome” studies according to which the resources of the planet being limited, we should be prepared to manage their scarcity, especially regarding oil and natural gas. Coal, temporarily, was not concerned by these analysis but the same reasoning ...

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