The Dam

February 16, 2022

There are two categories of lakes: natural lakes, which have a life expectancy of millions of years, and artificial lakes, formed by a dam, and whose lifespan is limited to the dam’s one. If you had to build a cottage … LIRE LA SUITE →

Broken Bottles

October 22, 2021

As with alcohol, the effects of monetary expansion are initially pleasant, if not exhilarating. Economy and finance are enjoying their new cocktail together … until inflation kicks in.

At first, the party’s hosts (the financial authorities) seek to deny the … LIRE LA SUITE →

The Cauldron

October 14, 2021

The authorities’ rhetoric is that the current inflation is transitory. But how can we imagine that this phenomenon will return to normal as the excessive money printing that causes it continues? When market players understand that the situation is not … LIRE LA SUITE →

A Safe Haven

May 11, 2021

The massive printing of new dollars in the past year has set the stage for a possible dramatic rise in inflation that could cause our currency to lose much value. In such a scenario, where would the safe havens be? … LIRE LA SUITE →

The 3 Little Pigs at the Stock Exchange

April 15, 2021

While multiple indicators announce the possibility of a major and imminent stock market correction, Pascal uses the image of the 3 little pigs to explain to his friend Fred the importance of having the discipline to get prepared for the … LIRE LA SUITE →

Excessively Low Rates

April 15, 2021

The financial market is currently buying the prolonged low interest rates scenario announced by the central bank. We quickly forget, because recent history has given us several examples of a large gap between the central bank’s key rate and the … LIRE LA SUITE →