Rates

The Dollar Leads the Way, Until When?

Published by Philippe Herlin | Sep 29, 2022
Views 4407

The dollar's good shape is in stark contrast to other major currencies, but paper currencies are all plagued by the insidious evil of inflation. The dollar is doing well at the moment, but as the saying goes, "In the kingdom of the blind, the one-eyed man is king".

Read article



The Fed's Second Consecutive Monetary Policy Mistake

Published by Laurent Maurel | Sep 20, 2022
Views 7441

The Fed's first mistake was to miss the start of inflation. We may now be witnessing the second mistake: in trying to create a useful recession to fight inflation, the US central bank is ignoring the unprecedented and irreversible impoverishment that the sudden rise in rates threatens to create.

Read article


Bond Market Illiquidity Creates Systemic Credit Risk

Published by Laurent Maurel | Sep 14, 2022
Views 4452

The bond issue risks complicating the liquidity of the US Treasury market.The risk is that they will lose their status as a reserve asset, which would create a systemic risk. The confidence in the value of US debt is at stake. In this perspective, the purchase of physical gold becomes very important...

Read article




We put safety at the core of our business