The French Exception

Romain/ août 31, 2020/ Finance/ 0 comments

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

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The End Has No End

Romain/ août 27, 2020/ Finance/ 0 comments

“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

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The Tech Summit Push

Romain/ juillet 21, 2020/ Finance/ 15 comments

In mountaineering, the death zone refers to altitudes above a certain point where the amount of oxygen is not sufficient to sustain human life for an extended life span. In finance, the death zone could be defined as euphoric market

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The Fed Put Narrative Era

Romain/ juillet 9, 2020/ Finance, Swarm/ 1 comments

For years, I have heard fund managers and economists claiming that “a financial crisis is unlikely as long as central banks intervene”. This postulate has been the foundation of the well-known “Fed put”. Stocks should only go up thanks to

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Never Bet Against Nature

Romain/ juin 19, 2020/ Finance, Swarm/ 2 comments

“We have control over when, how, and where to plant a seed. Not over what it will become”. Mokokoma Mokhonoana   There is nothing new here, but humankind has always suffered from anthropocentrism. If we refer to the Wikipedia page,

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Ground Control to Major Musk

Romain/ juin 12, 2020/ Finance, Tech/ 1 comments

While there have been passionate debates about Tesla’s valuation during the past quarters, an unlikely company named Nikola has recently caught the attention of the financial industry. Especially because of Robinhood traders who seem to compete everyday for the craziest

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One Flew Over the Cuckoo’s Nest

Romain/ juin 9, 2020/ Finance/ 0 comments

After the huge equity rally of the past two months, more than 40% of the S&P 500 constituents now display relative strength indices (RSI) above 70. Meanwhile, American retail investors are rushing into shares of bankrupt companies like Hertz or

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