L'activité du secteur privé français s'est nettement contractée en mai, enregistrant son plus fort recul depuis cinq ans et demi, selon les données publiées jeudi 21 mai par S&P Global, entreprise spécialisée dans l'information et l'analyse financière.
Cette dégradation est principalement attribuée à la forte hausse des prix du carburant et de l'énergie, liée à la guerre contre l'Iran.
Par Olivier Berruyer
Vos courses sont 25 % plus chères qu'en 2021, et la guerre d'Iran vient déjà de relancer le compteur. Pendant que les ménages français baissaient en gamme - marques de distributeurs, Premiers prix, puis moins de produits - l'agroalimentaire faisait passer son taux de marge d'environ 35 % à environ 44 %. Une "boucle prix-profits" que les gouvernements macronistes ont consciencieusement refusé de taxer.
SchiffGold.com
May 20, 2026
Earlier this week, Peter joined Danny on CapitalCosm to warn that a dangerous combo of higher energy prices and rising interest rates is squeezing Americans and shifting investor behavior. He connects those forces to a renewed move into gold and silver as hedges, lays out the likely political fallout for Republicans in the midterms, and argues that the AI boom is lifting demand for metals beyond the hype.
© RIA NOVOSTI Source: Sputnik
Présentation des nouveaux billets de roubles au centre de presse de la Banque de Russie.
Le rouble russe a gagné environ 12 % face au dollar depuis début avril, signant la meilleure performance mondiale selon Bloomberg. Le taux du dollar est passé sous les 71 roubles pour la première fois depuis février 2023.
By Milan Adams
Preppgroup
May 19, 2026
There is a question that polite society avoids because it sits at the uncomfortable intersection of preparedness, fear, engineering, and human nature: if the thin membrane of civilization were to tear overnight-no power, no law, no supply chains, no certainty-what single firearm would you take with you? Not your favorite. Not your most expensive. Not the one you show your friends at the range.
By Martin Armstrong
Armstrong Economics
May 19, 2026
The United States has crossed a threshold that historically marked the beginning of sovereign debt crises for empires throughout history. According to newly released figures, U.S. debt held by the public has now surpassed 100% of GDP for the first time since World War II, reaching roughly 100.2% as public debt climbed above $31.27 trillion while GDP stood near $31.22 trillion.
By Charles Hugh Smith
OfTwoMinds.com
May 19, 2026
What happens when optimization is itself the point of failure?
In today's zeitgeist, everything must be optimized or we'll fail: our time, productivity, fitness, diet, supplements, career, income, wealth-everything must be constantly optimized lest we fall behind or fail.
The grand irony is optimization generates fragility which generates failure which generates denial which eventually generates rage.
Source: www.globallookpress.com
Des installations d'extraction pétrolière. [Photo d'illustration]
Les stocks commerciaux mondiaux de pétrole ne couvriraient que quelques semaines de consommation en cas de perturbation durable du trafic dans le détroit d'Ormuz, a averti le directeur de l'AIE, Fatih Birol. Selon lui, la hausse saiso
© Getty Images
Cours de la Bourse.
Le conflit autour de l'Iran aurait déjà coûté 25 milliards de dollars aux entreprises mondiales, selon Reuters. Énergie chère, chaînes d'approvisionnement perturbées et détroit d'Ormuz bloqué fragilisent tous les secteurs. Les marges et les bénéfices sont sous pression, avec des risques d'aggravation si la guerre continue.
Par Brandon Smith − Le 8 mai 2026 − Source Alt-Market
Le débat économique le plus marquant aujourd'hui est peut-être la crainte que la grande majorité des gens soient exclus du marché immobilier pour le reste de leur vie, quel que soit le pays où ils vivent. Les adolescents de la génération Z, et même ceux de la génération Alpha, envisagent déjà un avenir où l'achat d'une maison est impossible.
By Ryan McMaken
Mises.org
May 18, 2026
Fears over price inflation returned in a big way this week as bond yields rose in the wake of recent government reports on consumer and producer prices. The US-Israel war on Iran continues to take a toll on global supply chains, and related price hikes appear to be partly driving growth in long term yields for both US, British, and Japanese debt.
This week's CPI and PPI reports both showed price inflation surging to multi-year highs, and not just on oil prices.
SchiffGold.com
May 18, 2026
Peter opens Wednesday's episode of the Peter Schiff Show by describing the difficult hand dealt to new Fed chair Kevin Warsh. He then walks listeners through recent startling inflation data, interest-rate math, and what that means for the dollar and precious metals. He closes by defending market-driven change and the role of the consumer in shaping the economy.
By Anis RAISS
The story Washington wants you to believe is simple. The Iran war broke the Persian Gulf's economy, and the US is throwing its allies a lifeline. The Wall Street Journal (WSJ) called the proposed UAE dollar swap line a financial backstop. The Financial Times (FT) called it a rescue. CNBC called it a bailout. The real question is who gets access to the Fed's gates, and on what political terms.
By Milan Adams
Preppgroup
May 16, 2026
Great nations are rarely destroyed in the way Hollywood imagines. Most people still think empires collapse under missile strikes, invasions, assassinations, revolutions, or dramatic military defeats broadcast live across television screens. History, however, tells a colder and far more disturbing story. The strongest civilizations usually begin dying financially long before the population realizes anything irreversible has started.
Ambition must be made to counter ambition inside each legislative house.
By James Anthony
May 16, 2026
Spending in all jurisdictions consumes 40% of GDP. Regulating by the national government consumes another 7% to 10% of GDP.
To power this, government people unconstitutionally grant powers to create money while holding only fractional reserves. Then, they issue bonds and unconstitutionally inflate away the bonds' value.
Source: Gettyimages.ru
Un char Leopard 2 A6 de la Bundeswehr
L'industriel militaire européen KNDS étudie la reprise de deux sites de Mercedes et Volkswagen afin d'y produire des véhicules blindés. Sur fond de ralentissement du secteur automobile et d'explosion des budgets militaires en Europe, l'Allemagne accélère la conversion d'une partie de son appareil industriel vers les besoins de défense.
By Doug Casey
International Man
May 15, 2026
To eliminate misunderstanding as to what taxes are, it is helpful to define the word "theft." One good definition is "the wrongful taking and carrying away of the personal goods of another." The definition does not go on to say, "unless you're the government."
There is no difference, in principle, between the State taking property and a street gang doing so, except that the State's theft is "legal" and its agents are immune from prosecution.
By Charles Hugh Smith
OfTwoMinds.com
May 15, 2026
The state has two monopolies it must protect whatever the cost: the monopoly on decreeing what is legal tender and on force.
We're entering an era in which push comes to shove will lead to immovable objects encountering irresistible forces. All sorts of verities and vanities will be bulldozed as kicking the can down the road descends into desperation to stave off collapse, a desperation that unleashes second order effects the desperate did not anticipate.