In the USA, inflation is set to rise again due to disruptions in supply chains. But for Europe, the situation is even more critical: in addition to these supply tensions, it will have to contend with soaring interest rates, a further factor in inflationary pressure. The risk of worsening stagflat...
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Traditional portfolios, divided between equities and bonds, are less resilient to economic shocks than they used to be, as the two assets increasingly react in tandem, reducing their diversification and resilience. Another asset must therefore be included: physical gold.
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A very interesting review by Éric Dor, chief economist at IESEG, summarising the exposure of French and European banks to France's debt. French banks are naturally in first place, with very high levels of exposure.
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The bankruptcies of Eurovita and SVB, while waiting for the next ones, are linked to a bond crisis. It is not a question of fraud (FTX, Madoff), toxic assets (subprimes), or adventurous management (LTCM in 1998). No, the problem is the huge bundle of sovereign bonds that form the basis of the bal...
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