About Philippe Chalmin

The latest syndrome being talked about in Washington is the so-called TACO: “Trump Always Chickens Out.” The idea is that Trump always ends up backing down. This might be …
Read More

After so much commotion, the second half of April seemed almost calm – at least on the international trade front. One might think Donald Trump was focused on improving his golf handicap at Mar-a-Lago (though in reality, he was celebrating his “Hundred Days” in office and even made a trip to Rome for Pope Francis’s funeral, followed by an impromptu meeting with Volodymyr Zelensky). The Trumpian front has shifted back to the United States, with a full-blown offensive against universities and continued efforts to undermine the Department of Government Ethics (DOGE) at the core of federal administrations and agencies.
Read More

After the cocoa around Easter, the month of May – quite cool and damp in Europe – was marked by some craziness in the copper market, a record for orange juice, another for gold, and a fluttering of wheat prices.
Read More

Voilà la fin de l’hiver ! Une nouvelle fois, il a été plutôt clément dans l’hémisphère nord et en particulier en Europe qui, par exemple, le termine avec un niveau de stock de gaz record (58,72 %). C’est peut-être là l’une des seules conséquences positives du changement climatique que de rendre la transition moins douloureuse en donnant un avantage financier au gaz naturel qui reste, à notre sens, le maillon nécessaire entre le temps des fossiles et celui des renouvelables.
Read More