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Comparable doesn’t mean identical

Macroscope

17/11/2025

Comparable doesn’t mean identical

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

Supreme blow?

Macroscope

10/11/2025

Supreme blow?

5 November was a strange day on equity markets – the stocks that had been hardest hit by US trade tariffs...

Macroscope

03/11/2025

The dealer in rare earths versus the dealmaker

On 30 October 2025, the two most powerful men in the world, Xi Jinping and Donald Trump, met in Busan in South...

The dealer in rare earths versus the dealmaker
The cockroach in the mine

Macroscope

27/10/2025

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,...

Macroscope

20/10/2025

All that glitters is not gold

Good or bad news? The answer to this depends on whether we are assessing the causes or the outcomes, but...

All that glitters is not gold
Should I Stay or Should I Go?

Macroscope

13/10/2025

Should I Stay or Should I Go?

Since the appointment of the Lecornu government on Sunday 5 October at 8:00 p.m. in France, the catchy chorus of...

Macroscope

06/10/2025

Is buying high a good strategy?

The record highs chalked up almost daily by global equities and, even more so, the stratospheric performance of certain iconic...

Is buying high a good strategy?
AI: growth without employment?

Macroscope

29/09/2025

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...

Macroscope

22/09/2025

Up on the tightrope

The position of Chair of a central bank sometimes resembles that of a juggler perched on a tightrope – a...

Up on the tightrope
Is it time to reinvest in France?

Macroscope

15/09/2025

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...

Macroscope

09/09/2025

A united front against the United States

With its status as the world’s leading power threatened by China’s steady rise, the United States elected a president who...

A united front against the United States