Filtres

Central bank independence : Bend or break?

The tug-of-war that has played out for several months, under the spotlight of the media, between the President of the United States and his counterpart at the Federal Reserve, goes far beyond the near-term trajectory of U.S. policy rates. It questions the very role of a central bank and the importance of its independence from […]

Melting up

After a week’s vacation, I’m back at the office. Although quite a lot has happened in recent days, including the US government shutdown, the strong rebound in the pharmaceutical sector (big sentiment relief after the deal between Pfizer and US administration), the resignation of the French prime minister, and the unexpected victory of a woman […]

Malgré Trump, la Fed reste crédible et indépendante.

Dans le journal Le Temps de ce jour, la chronique de Alfredo Piacentini, managing partner de DECALIA : « Malgré Trump, la Fed reste crédible et indépendante ». Le bras de fer entre la Maison-Blanche et la Réserve fédérale relance un débat essentiel : jusqu’où va l’indépendance d’une banque centrale ?

Petite pause chocolat ?

Certains l’aiment chaud, d’autres noir et amer, blanc et croquant, ou nature et au lait. Mais une chose est sûre : Neuf personnes sur dix aiment le chocolat. La dixième ment toujours ! En effet, saviez-vous que la consommation mondiale de chocolat s’est montée à 29 millions de tonnes en 2024, soit 1,3 kg en moyenne par […]

Tech Lending: from concept to investment

Unlike classic corporate credit, tech lending requires specialist expertise. Opportunities are often complex, highly bespoke, and outside the reach of traditional banks. Investors typically access this segment through niche private credit managers (GPs) with deep sector knowledge, structuring skills, and active monitoring capabilities. Who are the key players ? These GPs are the gateways to the […]

The last (or the smallest) could be the first

Who would have thought it? After four matchdays, Cagliari Calcio is sitting in seventh place in Serie A following its 2-1 victory over Lecce at the weekend. It may not last, but it proves that smaller, less popular teams can spring surprises and outperform the big clubs that dominate the headlines. The same is true […]

Back to the future

Gold just broke above $3’600 this morning, a new record high. In the same time, worries over government debt sustainability, geo-political instability, central bank’s independence and inflation are broadening out. For sure, the US holds the upper hand, not only because it’s the largest market accumulating all these flaws but also because the policies of […]