Filtres

EF 2026 | CIO Insights: Perspectives on a world in motion

À l’occasion de l’édition 2026 de L’Essentiel de la Finance, organisée par la BCGE – Banque Cantonale de Genève, Fabrizio Quirighetti, CIO & Head of Multi-Assets chez DECALIA, a participé à une table ronde aux côtés de Nicolas Mougeot, Alexandre Drabowicz, CAIA et Frédéric Lelièvre, du journal Le Temps, comme modérateur.. Une discussion autour des […]

Possession Isn’t Points

Yesterday evening at the Unipol Domus, Juventus did everything… except win. 72% possession, 1.9 expected goals against Cagliari’s 0.5, and yet they were trailing from the 20th minute after a Daniel Maldini goal, before Randal Kolo Muani snatched the equalizer in the 81st. The Old Lady had the ball, but not control of the script. […]

IA pas le feu au lac !

Qui, dans le monde de la finance, s’est déjà entendu dire que « la Suisse n’est pas un marché de l’IA » ? La plupart d’entre nous, sans doute. La réalité est cependant plus complexe, la confusion généralisée entre « indice » boursier d’un pays et « marché » alimentant souvent une idée fausse parmi les […]

Time to take away the punch bowl… à la Berset

In July 2008, the ECB raised its key rate by 25bps, arguing that inflation had become the top concern of European citizens as oil prices were spiking. Two months later, Lehman Brothers collapsed and the world plunged into its worst financial crisis since the Great Depression. The ECB and its infamous President, Jean-Claude Trichet, did […]

You don’t turn a dolphin into a shark…

Last week’s rate decisions were really a story about tone, perception and thus credibility, as much as policy. The Fed delivered the hawkish decision markets had been braced for and then some: a 25bp hike to 3.75%–4.00%, its first increase since July 2023, passed by a unanimous 12-0 vote, a decision that came unanimously according […]

Annuler la dette française, une proposition aussi alléchante que dangereuse

Dans sa chronique publiée dans Le Temps, Alfredo Piacentini, Managing Partner de DECALIA, analyse les risques liés à la trajectoire budgétaire française et à la tentation d’un effacement partiel de la dette. Déficits persistants, coût de financement en hausse, pression sur l’inflation et la confiance des investisseurs : la situation française contraste fortement avec celle […]

Playing like a (economic) superpower

I’m on holiday this week and hadn’t planned on writing anything this morning. But between Cagliari’s start to the season and what’s about to happen at the Fed (and the BoJ, for that matter), the circumstances struck me as exceptional enough to warrant a few lines anyway. As I write this, interest rates aren’t the […]