NARRATIVE – Between extended days, permanent tension and total uncertainty, the pressure is maximum in market rooms.
“This is the first time that we have faced an auto-inflicted shock of such a scope, it defies logic”, launches an analyst. This heart cry, many finance professionals share it. That a president of the United States, a liberal nation if there is one, provokes a financial crisis is unprecedented, and destabilizing. “I had never experienced a gust of such intensity and above all such a loss of bearings, such vagueness”, adds a risk official in a large European bank.
Now stationed in Paris, this former trader has nevertheless crossed many crises. He was in office at Wall Street in 2000 when the Internet bubble burst and in 2008 during the subprime crisis, then in London during the first mandate of Donald Trump, Brexit and the Covid pandemic. “With repeated crash of recent years, we are used to the sometimes extremely violent movements of the financial markets. We have a whole series of …
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