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The Fed: a village under siege

With every day that passes, the US Federal Reserve is looking more and more like the Gaulish village in the...

The Fed: a village under siege
Who will foot the bill?

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...

Monetary refugees

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

Monetary refugees
“American Idiot” ¹

“American Idiot” ¹

Michel Saugné, CIO, La Financière de l’Échiquier (LFDE) │July 2025 The second half of 2025 has ushered in a quiet...

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?
Market News: 2025 2nd quarter review

Market News: 2025 2nd quarter review

The second quarter of 2025 ended with satisfactory performances on both sides of the Atlantic, despite the dollar’s weakness, which...

Order from chaos

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

Order from chaos
Pole shift

Pole shift

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