My dear impertinent ones, dear impertinent ones,
I’ll let you listen to this exchange with David Jacquot on Ecorama, a program that he wanted to devote to inflation, inflation which is falling to only +1.2% at an annual rate according to the latest figures from INSEE.
I explain in a few minutes that the inflationary episode that we have just experienced was above all cyclical and not structural. The structural aspect is being put in place but has not yet produced its effects (scarcity of resources, energy transition, relocations, abysmal accumulated debts, etc.).
To fight against this inflation which would decrease on its own once production imbalances (covid shortages) or energy shortages (war in Ukraine and Russian gas replaced by American LNG) central banks increased rates too quickly , too strong and too high. This breaks growth, investment, consumption and economic dynamics.
Logically, we could even see an episode of deflation linked to this excess of excessively high rates.
With central banks currently reducing rates, this episode could be limited, but we must be aware that a deflationary episode in the coming months is possible.
This would be good news for our purchasing power but in the short term, because it would be very bad news for public finances and the debt-to-GDP ratio would deteriorate again.
I explain everything to you in this video.
To support you in these turbulent fiscal times, I will provide you with as many Flash Strategies as necessary to decipher what is happening and the tax and property consequences that this may have each time.
For the moment the file “Reduction in rates, increase in taxation, how to navigate it” is available in your reader areas for download.
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I wish you a good reading of this file entitled “Reduction in rates, increase in taxation, how to navigate it.”
It’s already too late, but all is not lost.
Get ready!
Charles SANNAT
“Insolentiae” means “impertinence” in Latin
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