I am not American. And I am not willing to play any role in the political debate between Democrats and Republicans. But it is fascinating to see how elections in so-called democracies like the United States or France can drive
The concept of fractal is fascinating. But it is also pretty abstract. If you read papers or books written by French mathematician Benoit Mandelbrot (aka the father of fractals), you may find meaningful things about nature, geometrical properties and even
For two weeks, the chaotic structure of US capital markets has been dominated by clones. First, a clone of the well-known “rescue and pump” strategy by the Trump administration. Indeed, whenever the stock market faces the risk of an imminent
Early July, I posted an article entitled It is All About Waves – Tech Stocks and The Log-Periodicity Power Law Singularity Model, explaining that for years physicists have worked on intriguing models designed to detect speculative financial bubbles and predict
“There is no alternative”. Those words have become one of the main pillars of the dominant narrative of Western equity markets. For years, interest rates have only gone south because of central banks’ ultra-accommodative policies. Thus, Wall Street loves to
In March, Bill Ackman made a stunning comment on CNBC, when he said “hell is coming”. However, a few days after that, we learnt that Pershing Square had finally gone all-in on US recovery. Even if the degree of dishonesty
People might say that this blog is pessimistic. And it’s true that many posts are bearish. However, it is not a structural opinion. My tone is cautious because I believe that Western countries are ending a multi-decade’s economic cycle. And
“It’s about a society on its way down. And as it falls, it keeps telling itself: ‘So far so good… So far so good… So far so good.’ It’s not how you fall that matters. It’s how you land.” La
In previous articles, I examined the negative externalities of post-Keynesian measures like unlimited monetary easing. First, I explained that such policies were inflating asset prices, squeezing working and middle classes, and thus leading to a core deflationary impact on the