The Budget as a new credibility asset by Claude Smadja The Budget reflects a solid continuity and even reinforcement of the development… Read moreA story of preordained failure by Claude Smadja One could assume that any rational thinking leader would consider it the worst time to create or inflame severe geopolitical… Read moreIn a sea of red ink by Claude Smadja An expanding sea of red ink, as far as one can see in a context of generalized deep recession in… Read moreCould this giant get clay feet? by Claude Smadja At the end of 2018, Germany narrowly escaped a technical recession as it came very close to registering two consecutive… Read moreA time of challenges for China’s leadership by Claude Smadja The next two years are going to be extremely difficult for China. Just as an anecdotal evidence that the leadership… Read moreGuess who America should be afraid of by Claude Smadja We thought that we had become blasé with Donald Trump’s obnoxious tweets, his bluster and bullying, the insouciant way with… Read moreA high-intensity trade war lies ahead by Claude Smadja President Trump has now dropped the other shoe and there might even be one more to come: With the announcement… Read more