The post-Coronavirus world

[Christophe]

That's about it ...

This should not lead to bankruptcy or total privatization of EDF ... already not very well crossed financially before the crisis ... if I am not mistaken !!

This is what worries me!

[Macro]

This should not lead to the bankruptcy or total privatization of EDF ...

that worries you ... and sorry but i think you are right to worry ...

Considering the way in which the epidemic is treated .... To collapse companies to grab the markets then would seem to me to be a plausible explanation .... I do not think that our leaders are incompetent ... I rather think that they felt the billions to come by speculating on death and fear ....

[Christophe]

Ahhhh thank you Macro, so there are at least 2 of us AWARE here !!

[Christophe]

Interesting !!!

The role of the mafia in reviving the post corona economy !!


Small factories, stores, restaurants and bars, there are many small entrepreneurs who start to accumulate debts because they cannot pay the suppliers or the rent of their business. This is the perfect situation for the Sicilian mafia, the Neapolitan Camorra or the Calabrian 'Ndrangheta, who have large amounts of cash. ”

https://www.courrierinternational.com/a ... onfinement

Well ... it promises !!

[Remundo]

HS: we laugh a lot about Van Damme,

I find him rather interesting in his thinking. A little confused perhaps, but it holds.

[GuyGadebois]

France. "The good business of the financial crisis for employers"

By Hervé Martin

The share prices plunge, but the CAC 40 pedigree know how to profit personally. Enough pessimism! Everything is not so bad at the Stock Exchange. It is, in any case, the lesson given by the big bosses and bankers who redeem with great effort - and for their personal account - the massacred actions of their companies. In the past month, the CAC 40 has collapsed by 35%. Some large stocks - those linked to tourism, notably oil or finance - have even lost up to 75% of their value. A drama? No. Rather the "opportunity to make very good deals for those who can afford to buy the shares that are now sold off," said an analyst.

In fact, the buying fever of the bosses suddenly woke up, from February 20, with the free fall of the ACC. It was not Bernard Arnault, the boss of LVMH, the richest man in France - and, according to daily prices, in the world - who would contradict him. Since January 1, the value of his group's share has dropped by almost 30%. This fall did not dissuade him from buying, via his personal companies (Financière Jean Goujon, Financière Agache), some 160 shares around 000 euros - about 350% cheaper than their value before the crisis. Economy for its finances: 25 million.

At the Accor hotel group, which in two months lost more than 40% of its value, Sébastien Bazin, the pedigree, bought, on March 12, via his holding company Bazeo Europe, 50 shares at 000 euros each - against 23 euros before the fall. One of the main administrators, Sarmad Zok, won more than 40, at around 40 euros. As for Paul Dubrule, co-founder of the group - and still a director -, he acquired 000 shares at around 35 euros.

Well-managed finances

At PSA, the Peugeot family, which owns 13% of the capital, has not been forgotten. The fall in the price (-40% in two months) should have made her sorry; on the contrary, it opened his appetite. Its heritage holding company FFP has announced a plan to buy some 40 million shares in order to try to make an equal playing field with the Agnelli family, after the merger with Fiat Chrysler. An operation planned for a long time but which, thanks to the fall of the Stock Exchange, began to be done very cheaply: 14 euros, instead of 20 two months ago.

Another very active family in the turmoil: the French branch of the Rothschilds. Alexandre and David - directly or through the Concordia holding company - bought back in two days, on March 11 and 12, 570 shares of Rothschild & Co bank, for a price more than a third lower than it was a month earlier (000 euros, compared to 16,60).

And, for good measure, the manager of the bank, François Pérol, ex-secretary general of the Elysée under Sarkozy, also contributed for 10 shares on March 000, but at 11 euros. History of not offending the boss by making bigger profits? In finance, still, the boss of the BNP, Jean Lemierre, bought, on March 17,40 and 8, 13 titles from his box at around 5000 euros, while they were worth 34 a month earlier. The managing director, Jean-Laurent Bonnafé, also offered 50 shares, but at a slightly higher price: 10 euros.

At Dassault, we speculate as a family: Industrial group Marcel Dassault, the family holding company, acquired some 160 Dassault Systèmes shares at an average price of around 000 euros, 135% less than two weeks earlier. Other family members - Laurent, the group's president, and Catherine and François, directors - shared just over 15 shares at the same price.

Many box managers in luxury goods (Hermès), distribution (Fnac, Carrefour), construction and public works (Vinci, Eiffage), real estate (Unibail), communication (Vivendi), food (Pernod), services (Veolia), the bank (Société Générale) and industry (Renault) also benefited from the stock market windfall. Knowing their group perfectly and being somehow initiated, they do nothing illegal, however.

It is reassuring in any case to note that these bosses are convinced that the Stock Exchange will win the "war" against the virus. (Article published in Le Canard enchaîné, March 18, 2020)

[Christophe]

Nice analogy:

[Christophe]

For those who block facebook:

91719435_10157140756560959_3588179862793224192_o.jpg (44.28 KIO) Viewed 1882 times

[Christophe]

France. "The good business of the financial crisis for employers"

By Hervé Martin

Can we already make predictions on the banking results of 2020?

Or would it be out of place?

[Ahmed]

Based on historical sources, the great pandemics (like the great plague of the XNUMXth century) were extremely beneficial for the survivors, especially with regard to the poorer classes: more land available at lower cost and the possibility of '' exchange your workforce in better conditions.
Nowadays, by admitting a large total of deaths (otherwise, it's not worth it!), It is no longer access to land (at least in our countries), but it would be that of housing that would be mainly impacted. Because of the preferentially affected ages, there may be a more or less accelerated rotation of successions, but without this having any repercussions on the concentration of fortunes. If the economy were to suffer a major and lasting recession, the societal consequences would however be much more severe, in particular if epidemic aftershocks force relocation of production (would be desirable, but supposes major changes and serious back-pedaling).
At this point, it is difficult to imagine the situation to come, since it will depend on the one hand on the real constraints and on the other hand on the choices which will be adopted to face them.