Dear subscribers,
To discover
OUR FILE - Elizabeth II, a rock and a symbol for England
I start with an agenda item.
You will now receive this letter on Thursday rather than Tuesday.
I hope this little slip will allow me to be more punctual!
The economic news is decidedly extraordinarily rich this fall.
And particularly difficult to read.
There is a total discrepancy between the risks that are accumulating - inflation, energy crisis, etc. - and what many indicators say for the moment, which do not signal the probability of an entry into recession.
The most impressive figure, and let's say it, the most inexplicable in the opinion of many economists, is the dynamism of job creation.
The French economy created 93,000 private jobs in the second quarter, INSEE told us, a performance.
Business order books are full.
Purchasing power, again according to INSEE, should rebound after the drop at the start of the year, to the point of being stable throughout 2022,
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