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Enguerrand Artaz
Back to reality

Back to reality

The year 2026 got off to a flying start, buoyed by optimism bordering on euphoria. Against a backdrop of unanimously...

Doctor Gold and Mister Treasuries

Doctor Gold and Mister Treasuries

Since the mid-1990s, US sovereign bonds have become the most widely held asset in global reserves, dethroning the previous leader:...

United States: a new job market?

Grow or die. This hyperbole has long summed up the functioning of the American job market. One statistic symbolises this:...

United States: a new job market?
The purse strings

The purse strings

Enguerrand Artaz, Strategist, La Financière de l’Échiquier (LFDE) | December 2025 We probably need to go back fifteen years to...

Whatever happened to trade tariffs?

Worries about trade tariffs – a major source of stress at the start of the year – seem to have...

Whatever happened to trade tariffs?
When consumers sneeze, investors catch a cold

When consumers sneeze, investors catch a cold

The stratospheric results of Nvidia, the highly confident statement from its CEO and the enthusiasm of its followers were clearly...

Comparable doesn’t mean identical

Renowned investors such as Michael Burry – famous for having anticipated the subprime crisis – are betting on a fall...

Comparable doesn’t mean identical
The cockroach in the mine

The cockroach in the mine

A “canary in a coal mine”, in keeping with the usual expression, or a “cockroach”, with many more to follow,...

AI: growth without employment?

The US economy looks to be on the right track, with GDP growth revised up to 3.8% on an annualised...

AI: growth without employment?
Is it time to reinvest in France?

Is it time to reinvest in France?

In principle, there is little to kindle investor appetite for France: a fifth Prime Minister in under a year and...

Who will foot the bill?

This is the question fuelling economists’ debates, the speculation of market players, disagreements between bankers, and Trump’s diatribes: will the...

Who will foot the bill?