I am almost refusing to continue writing about banks, shares, and the sudden “populism” of Obama and McCain who it seems to me are just mouthing words, blaming each other and promising to save everyone. I believe they don’t have a clue about what to do. Read the rest of this entry »

Today Wednesday we mark the third chapter on the financial turmoil that has invade the world. By the end of the trading day yesterday we were a little more optimistic. No that we thought the situation had been solved but at least the stock market had inched upwards. Read the rest of this entry »

It was not a nightmare, the financial debacle from yesterday was real. And today we can notice it in the global markets where the shock waves from the Lehman Brothers’ collapse made shares prices tumble. Read the rest of this entry »

Last Friday the Pope arrived in France, his first visit there as a pontiff. A visit that caused some commotion among the political class. France, a country where half of its citizens still call themselves Catholic but only seven percent of these attend mass regularly, is officially a secular country and the separation of church and state is taken very seriously. Read the rest of this entry »

When yesterday Paul Krugman wrote in his New York Times column about the possible financial collapse of Lehman Brothers, it was not yet 100% sure it would happen and here in the French Riviera it was just a too beautiful day to have gloomy thoughts. We should have known better. Read the rest of this entry »