11 septembre<\/a>.<\/p>\n<\/p>\n\t\u00abThe crisis of confidence in credit markets is likely to last longer than previous financial shocks of the past two decades, Hank Paulson, Treasury secretary, warned on Tuesday.<\/em><\/p>\n<\/p>\n\t\u00bbMr Paulson was speaking in Washington as Jean-Claude Trichet, the European Central Bank president, warned that it was time for global financial authorities to tackle unregulated entities whose activities had contributed to the latest upheavals.<\/em><\/p>\n<\/p>\n\t()<\/p>\n<\/p>\n
\t\u00bbLike Mr Trichet, Mr Paulson said the complexity and global distribution of the securities at the heart of the credit crisis would prolong it. We expect this period of turbulence to go on for a while, he said.<\/em><\/p>\n<\/p>\n\t\u00bbMr Paulson said he had been an investment banker at Goldman Sachs during the Russian default, Asian crisis?.?.?.?and Latin American credit crisis and expected this bout of uncertainty in credit markets was going to take longer to resolve.<\/em>\u00bb<\/p>\n<\/p>\n\tFinalement, Paulson nous donne l’explication centrale : \u00abThe reason it is going to take longer today<\/em> [than in previous crises] is that we are more globalised, he said. US mortgages had been sliced and diced and were turning up at Landesbanken state-run regional banks in Germany.<\/em>\u00bb<\/p>\n<\/p>\n\tAinsi, la globalisation marche. Pour la premi\u00e8re fois, la d\u00e9monstration est convaincante : aucune crise d’une importance s\u00e9rieuse n’\u00e9chappe, d\u00e9sormais, \u00e0 un \u00e9largissement et \u00e0 une internationalisation instantan\u00e9s. De cette fa\u00e7on et pour le cas qui nous occupe, ce n’est pas seulement l’\u00e9conomie am\u00e9ricaine que la bourse peut tenir en otage mais l’\u00e9conomie mondiale. Toutes ces choses sont dites avec une r\u00e9elle s\u00e9r\u00e9nit\u00e9 d’\u00e2me. Nul ne s’avance \u00e0 s’exclamer que nous sommes dans une tr\u00e8s grande et tr\u00e8s luxueuse maison de fous, o\u00f9 l’on vous recommande consciencieusement de prendre chaque matin le m\u00e9dicament (globalisation) qui vous permettra d’attraper \u00e0 tous les coups les m\u00eames maladies que les autres, celui-l\u00e0 serait aussit\u00f4t intern\u00e9, comme fou contagieux.<\/p>\n<\/p>\n
<\/p>\n
\tMis en ligne le 12 septembre 2007 \u00e0 14H39<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Au plus le temps passe, au plus la crise financi\u00e8re d’ao\u00fbt et ses suites transforment la pr\u00e9vision et le sentiment g\u00e9n\u00e9ral. L’humeur ne cesse de s’assombrir. Dans le Financial Times du 11 septembre, Alan Wolf fait un constat impeccable quoique classique : la bourse tient l’\u00e9conomie en otage. Les fous du march\u00e9 boursier menacent les… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[3228,2632,7024,7025],"class_list":["post-69214","post","type-post","status-publish","format-standard","hentry","category-bloc-notes","tag-crise","tag-globalisation","tag-paulson","tag-wolf"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/69214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/comments?post=69214"}],"version-history":[{"count":0,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/69214\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/media?parent=69214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/categories?post=69214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/tags?post=69214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}