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	<title>Global Trends &#8211; RFR</title>
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	<description>GLOBAL MACRO AND THEMATIC INDEPENDENT RESEARCH</description>
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		<title>Quand les Américains se ruent sur les voitures d’occasion, l’inflation flambe</title>
		<link>https://richesflores.com/2021/05/13/quand-les-americains-se-ruent-sur-les-voitures-doccasion-linflation-flambe/</link>
					<comments>https://richesflores.com/2021/05/13/quand-les-americains-se-ruent-sur-les-voitures-doccasion-linflation-flambe/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Thu, 13 May 2021 06:29:10 +0000</pubDate>
				<category><![CDATA[CONJONCTURE ]]></category>
		<category><![CDATA[États-Unis]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[inflation américaine]]></category>
		<category><![CDATA[Pétrole]]></category>
		<category><![CDATA[prix]]></category>
		<category><![CDATA[Taux d'intérêt]]></category>
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					<description><![CDATA[L’inflation américaine s’est envolée à 4,2 % l’an en avril, après 2,6 % en...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<title>Changement de prix relatifs ; pour l’inflation on verra plus tard…</title>
		<link>https://richesflores.com/2021/02/04/changement-de-prix-relatifs-pour-linflation-on-verra-plus-tard-inflation-usa-euro-covid-biens-services/</link>
					<comments>https://richesflores.com/2021/02/04/changement-de-prix-relatifs-pour-linflation-on-verra-plus-tard-inflation-usa-euro-covid-biens-services/#respond</comments>
		
		<dc:creator><![CDATA[Thomas BAUER]]></dc:creator>
		<pubDate>Thu, 04 Feb 2021 16:06:52 +0000</pubDate>
				<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Sur le vif]]></category>
		<category><![CDATA[covid]]></category>
		<category><![CDATA[inflation euro]]></category>
		<category><![CDATA[inflation usa]]></category>
		<category><![CDATA[prix des biens]]></category>
		<category><![CDATA[prix des services]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=14137</guid>

					<description><![CDATA[Depuis ses débuts, la crise sanitaire n’a cessé d’entretenir les interrogations sur...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
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		<title>English summary &#8211; Commodities correction taking shape, market shake-up in view</title>
		<link>https://richesflores.com/2018/02/12/english-summary-commodities-correction-taking-shape-market-shake-up-in-view/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 12 Feb 2018 13:24:38 +0000</pubDate>
				<category><![CDATA[Global Trends]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[Commodities]]></category>
		<category><![CDATA[financial markets]]></category>
		<category><![CDATA[inflation expectations]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[oil]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=9409</guid>

					<description><![CDATA[This week’s figures from the US Energy Information Administration (EIA) seem to...]]></description>
		
		
		
			</item>
		<item>
		<title>So the era of low interest rates will soon be over, right?</title>
		<link>https://richesflores.com/2018/01/22/so-the-era-of-low-interest-rates-will-soon-be-over-right/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 22 Jan 2018 14:38:43 +0000</pubDate>
				<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[BOC]]></category>
		<category><![CDATA[bonds markets]]></category>
		<category><![CDATA[ECB]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[fiscal reform]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[hurricanes]]></category>
		<category><![CDATA[Monetary Policy]]></category>
		<category><![CDATA[Oil Price]]></category>
		<category><![CDATA[Real Estate]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=9294</guid>

					<description><![CDATA[Trends in the financial markets have accelerated in the last few days....]]></description>
		
		
		
			</item>
		<item>
		<title>Optimism of all the rage&#8230; in a dense fog</title>
		<link>https://richesflores.com/2018/01/08/optimism-of-all-the-rage-in-a-dense-fog/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 08 Jan 2018 14:15:43 +0000</pubDate>
				<category><![CDATA[Global Trends]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[Exports]]></category>
		<category><![CDATA[fiscal reform]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Trump]]></category>
		<category><![CDATA[unemployment]]></category>
		<category><![CDATA[world economy]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=9222</guid>

					<description><![CDATA[2018 has started on a confident note. After a very strong end...]]></description>
		
		
		
			</item>
		<item>
		<title>2018 Outlook – Welcome to Annapurna</title>
		<link>https://richesflores.com/2017/12/19/2018-outlook-welcome-to-annapurna/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Tue, 19 Dec 2017 15:11:01 +0000</pubDate>
				<category><![CDATA[FORECASTS]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[Exchange Rate]]></category>
		<category><![CDATA[financial markets]]></category>
		<category><![CDATA[forecasts]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=9183</guid>

					<description><![CDATA[Summary &#8211; Current economic trends seem particularly favorable, but after taking a...]]></description>
		
		
		
			</item>
		<item>
		<title>The rising euro is taking more wind than expected out of eurozone inflation’s sails</title>
		<link>https://richesflores.com/2017/12/04/the-rising-euro-is-taking-more-wind-than-expected-out-of-eurozone-inflations-sails/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 04 Dec 2017 18:16:25 +0000</pubDate>
				<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[EURO]]></category>
		<category><![CDATA[Eurozone]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=9101</guid>

					<description><![CDATA[Until now, economists have not been particularly worried by the euro’s rise...]]></description>
		
		
		
			</item>
		<item>
		<title>Not exactly party time in emerging markets. Does that matter?</title>
		<link>https://richesflores.com/2017/11/14/not-exactly-party-time-in-emerging_markets-does-that-matter/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Tue, 14 Nov 2017 12:12:56 +0000</pubDate>
				<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[World Trade]]></category>
		<category><![CDATA[Emerging markets]]></category>
		<category><![CDATA[World trade]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=9013</guid>

					<description><![CDATA[While the USA is entering an extended phase of growth, Europe is...]]></description>
		
		
		
			</item>
		<item>
		<title>The global auto cycle has had its day. The sector is not immune from a call into question in Europe</title>
		<link>https://richesflores.com/2017/05/28/the-global-auto-cycle-has-had-it-day-the-sector-is-not-immune-from-a-call-into-question-in-europe/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Sun, 28 May 2017 09:58:32 +0000</pubDate>
				<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[Global Trends]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[automobile]]></category>
		<category><![CDATA[outlook]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=8551</guid>

					<description><![CDATA[Since the beginning of the year, the European auto sector has been...]]></description>
		
		
		
			</item>
		<item>
		<title>Commodities: rethinking the global structural outlook</title>
		<link>https://richesflores.com/2014/11/28/commodities-rethinking-the-global-structural-outlook/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 28 Nov 2014 06:52:34 +0000</pubDate>
				<category><![CDATA[Commodities]]></category>
		<category><![CDATA[THEMATIC]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=4840</guid>

					<description><![CDATA[Commodity prices tend to be fairly insulated from short-term changes in supply and demand. Given this, as long as the wayward global economy did not call into question the long-term economic outlook its effects on commodity markets was only marginal.

The slide since mid-October should therefore be seen as the bellwether of a marked change in the global outlook in the mid and long term. This is why the recent slide in oil prices is a harbinger of bad news, even though there are obvious benefits for consumers in countries that import oil.]]></description>
		
		
		
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