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The lessons from Trussonomics
There is nothing wrong with a government that makes enhancing growth potential the cornerstone of its strategy. However, when this goal is accompanied by reckless choices, the fallout can be severe. The UK has just experienced this. The bond market went into a tailspin after the announcement of a fiscal plan that will deepen deficits to finance tax cuts that everyone doubts will stimulate activity. The Bank of England had to step in as lender of last resort. This episode lifted t...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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