Donald Trump and global order: disruption or continuity?

The picture is reassuring. The Ministers of Finance of the twenty largest economies in the world, together with the Managing Director of the IMF, display a perfunctory smile. But despite this reassuring impression, the G20 Finance Ministers meeting that was held in Baden Baden, in Germany, marks the end of an era. It signals a … Lire la suite

Interview on Saudi TV Al-Ikhbariya on the outlook for the global economy and capital markets

The West and the Rest in a multipolar world

When Nassim Taleb, the ex-trader turned philosopher, used the metaphor of the Black swan in his eponymous essay published in 2007, to describe events whose probability of occurrence was so ridiculous by conventional theories that they  were almost entirely ruled out by economists and financial markets, he could have barely anticipated the success of this metaphor as it came … Lire la suite