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Macroscope

27/08/2025

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?
Monetary refugees

Macroscope

28/07/2025

Monetary refugees

The dollar has lost 10% since the beginning of the year against a basket of currencies (DXY Index). In contrast,...

Macroscope

22/07/2025

Migration shock = economic shock?

To date, the economic policy of the Trump administration has revolved around three flagship reforms: the trade war, the Big...

Migration shock = economic shock?
Order from chaos

Macroscope

15/07/2025

Order from chaos

Chaos reigns in Washington, with often unpredictable announcements on import duties being fired off in all directions. Among the most...

Macroscope

08/07/2025

Pole shift

Europe has been a bogeyman for investors for a long time now. Unreadable politics, lacklustre growth, a hesitant central bank,...

Pole shift
The Revolution Will Be Financial, European Comrade

Macroscope

30/06/2025

The Revolution Will Be Financial, European Comrade

Société Générale: up 84% since the beginning of the year[1]! And that’s just one example. Banks across the eurozone are...

Macroscope

23/06/2025

Mr Too Late versus TACO

The last Fed meeting gave rise to a new skirmish between the US President – recently awarded the nickname of...

Mr Too Late versus TACO
Turning point

Macroscope

17/06/2025

Turning point

Just a little over two months ago, “Liberation Day” caused a wave of panic, yet it is already history. Equity...