“Let's stop criticizing our banks!”

More than ten years after the subprime mortgage crisis, all the light has not been shed, and yet the idea of ​​the guilt of the banks has taken hold firmly in people's minds. They are even blamed for the double fault, since after playing with fire and triggering the crisis, they allegedly asked for help from the States. This unanimous condemnation, the result of incomplete analyzes, is a heavy component of the bank bashing that has raged since then and unfortunately works against our interests. We are indeed at a critical moment when Europe, faced with the domination of American finance and the dollar, must develop its own financial capacities. The development of a strong pan-European financial sector is therefore essential if we particularly want to foster the emergence of future European gafas. 
If it is vain to hope for the complete disappearance of this bank bashing and, one might say, of the bashing market whose roots plunge both in history and in ignor…

The barrel of oil hits its highest level since March

On Tuesday, the barrel of black gold hit its highest level since Riyadh and Moscow disagreed over supply reduction. An improvement favored by the interruption in the US of production due to the arrival of Hurricane Laura and a possible US-China trade agreement.


On Tuesday, both benchmarks for oil prices closed at their highest levels in five months as U.S. producers halted production from fields in the Gulf of Mexico, with news of the hurricane's imminent arrival. Laura. This, despite the second wave of coronavirus contamination in full swing and demand has yet to show any real signs of recovery.

This is the highest level of fuel prices since March 5, the day before the disagreement between Russia and Saudi Arabia on the reductions in the offer of the OPEC + group and almost a week before the Covid- 19 be declared as a pandemic.

Crude rose 1.6% to $ 45.86 per barrel and WTI 1.7% to trade at $ 43.35 per barrel.



Meanwhile, prices were buoyed by the announcement that the United States and China are committed to reaching a trade deal between the two countries, especially amid a trade war.

This news could be confirmed with the publication on Wednesday, data on crude oil inventories in the United States. Analysts polled by Reuters predict that US oil inventories will record a fifth consecutive weekly decline.

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