{"id":57581,"date":"2013-08-24T10:00:03","date_gmt":"2013-08-24T08:00:03","guid":{"rendered":"http:\/\/www.pauljorion.com\/blog\/?p=57581"},"modified":"2013-08-24T10:16:50","modified_gmt":"2013-08-24T08:16:50","slug":"le-temps-quil-fait-le-23-aout-2013","status":"publish","type":"post","link":"https:\/\/www.pauljorion.com\/blog\/2013\/08\/24\/le-temps-quil-fait-le-23-aout-2013\/","title":{"rendered":"<b>LE TEMPS QU&rsquo;IL FAIT, LE 23 AO\u00dbT 2013<\/b>"},"content":{"rendered":"<p><iframe loading=\"lazy\" frameborder=\"0\" width=\"610\" height=\"345\" src=\"http:\/\/www.dailymotion.com\/embed\/video\/x13kb4t?logo=on\"><\/iframe><\/p>\n<p>Sur <a href=\"http:\/\/www.youtube.com\/watch?v=v0_LfrQxj98\">Youtube<\/a>.<\/p>\n<p><strong>O\u00f9 l&rsquo;on reparle d&rsquo;un syst\u00e8me financier en tr\u00e8s piteux \u00e9tat&#8230;<br \/>\n&#8230; et o\u00f9 l&rsquo;on pr\u00e9conise une fois de plus de restaurer l&rsquo;interdiction de la sp\u00e9culation <\/strong><\/p>\n<p><span style=\"text-decoration: underline;\">La d\u00e9pendance \u00e0 la planche \u00e0 billet<\/span><\/p>\n<p>Pour ceux qui ont rat\u00e9 les \u00e9pisodes pr\u00e9c\u00e9dents :<br \/>\n&#8211; Blog de PJ : <a href=\"http:\/\/www.pauljorion.com\/blog\/?p=55692\">Le temps qu\u2019il fait le 28 juin 2013<\/a><br \/>\nLa d\u00e9claration de Ben Bernanke le 19 juin 2013<br \/>\n4 milliards de dollars imprim\u00e9s par jour font du dollar une monnaie de singe<br \/>\nLa fin du<i> carry trade <\/i>\u00a0est une catastrophe pour le <em>real<\/em> br\u00e9silien, la <em>roupie<\/em> indienne<\/p>\n<p><span style=\"text-decoration: underline;\">La complexit\u00e9 non-ma\u00eetris\u00e9e<\/span><\/p>\n<p>La panne du NASDAQ le 22 ao\u00fbt et l\u2019erreur de <i>trading<\/i> de Goldman Sachs la veille<br \/>\nMa simulation d\u2019un march\u00e9\u00a0: <a href=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/2007\/04\/adamsmith-kyoto_rev.pdf\">\u00ab\u00a0Adam Smith\u2019s Invisible Hand Revisited. An Agent-Based simulation of the New York Stock Exchange\u00a0\u00bb<\/a>, <em>Proceedings of the 1st World Conference on Simulation of Social Systems<\/em>, Kyoto, August 2006, Vol. I, Springer Verlag : 247-254<br \/>\nConclusion\u00a0: Les march\u00e9s ne peuvent fonctionner que parce que personne n\u2019y comprend rien<br \/>\nKeynes et la th\u00e9orie des \u00ab\u00a0anticipations rationnelles\u00a0\u00bb se trompent tous deux sur ce point<br \/>\nEn comprenant mieux les march\u00e9s que les \u00eatres humains, les Algos les d\u00e9truisent<\/p>\n<p><span style=\"text-decoration: underline;\">Interdire les paris sur les fluctuations de prix<\/span><\/p>\n<p>Ramener la finance \u00e0 sa taille l\u00e9gitime (-80%)<br \/>\nGlass-Steagall Act, Taxe Tobin ne sont que des demi-mesures<br \/>\nKeynes en 1936\u00a0: \u00ab\u00a0Les sp\u00e9culateurs sont inoffensifs aussi longtemps qu\u2019ils ne sont qu\u2019autant de bulles \u00e0 la surface du flot r\u00e9gulier de l\u2019esprit d\u2019entreprise. La situation devient cependant s\u00e9rieuse quand c\u2019est l\u2019esprit d\u2019entreprise qui se transforme en une simple bulle \u00e0 la surface d\u2019un tourbillon sp\u00e9culatif. Quand la fructification du capital d\u2019une nation se transforme en sous-produit de l\u2019activit\u00e9 d\u2019un casino, le travail est rarement bien fait\u00a0\u00bb<br \/>\nLa sp\u00e9culation \u00e9tait interdite en France jusqu\u2019en 1885, en Belgique, jusqu\u2019en 1867<\/p>\n<p><span style=\"text-decoration: underline;\">Restaurer un ordre mon\u00e9taire international<\/span><\/p>\n<p>Comme dans la p\u00e9riode 1944 \u2013 1971\u00a0: le <i>bancor<\/i> et la chambre de compensation multilat\u00e9rale internationale<br \/>\nFr\u00e9d\u00e9ric Lordon\u00a0: <a href=\"http:\/\/www.monde-diplomatique.fr\/2013\/08\/LORDON\/49561\">\u00ab\u00a0Sortir de l\u2019euro\u00a0?\u00a0\u00bb<\/a>, ao\u00fbt 2013<br \/>\nL\u2019appel de Zhou Xiaochuan, gouverneur de la banque centrale chinoise<\/p>\n<p>&#8211; Blog de PJ\u00a0: <a href=\"http:\/\/www.lemonde.fr\/economie\/article\/2010\/06\/07\/la-chine-arbitre-des-elegances-financieres-par-paul-jorion_1368776_3234.html\">La Chine, arbitre des \u00e9l\u00e9gances financi\u00e8res<\/a>, par Paul Jorion, le 7 juin 2010<br \/>\n&#8211; Blog de PJ\u00a0: <a title=\"Lire Bancor : L\u2019appel de Zhou Xiaochuan, dix-huit mois plus tard, par Pierre Sarton du Jonchay\" href=\"http:\/\/www.pauljorion.com\/blog\/?p=17338\"><i>Bancor<\/i>\u00a0: L\u2019appel de Zhou Xiaochuan, dix-huit mois plus tard, par Pierre Sarton du Jonchay<\/a>, le 18 octobre 2010<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p><iframe loading=\"lazy\" frameborder=\"0\" width=\"610\" height=\"345\" src=\"http:\/\/www.dailymotion.com\/embed\/video\/x13kb4t?logo=on\"><\/iframe><\/p>\n<p>Sur <a href=\"http:\/\/www.youtube.com\/watch?v=v0_LfrQxj98\">Youtube<\/a>.<\/p>\n<p><strong>O\u00f9 l&rsquo;on reparle d&rsquo;un syst\u00e8me financier en tr\u00e8s piteux \u00e9tat&#8230;<br \/> &#8230; et o\u00f9 l&rsquo;on pr\u00e9conise une fois de plus de restaurer l&rsquo;interdiction de la sp\u00e9culation <\/strong><\/p>\n<p><span style=\"text-decoration: underline;\">La d\u00e9pendance \u00e0 la planche \u00e0 billet<\/span><\/p>\n<p>Pour ceux qui ont rat\u00e9 les \u00e9pisodes pr\u00e9c\u00e9dents :<br \/> &#8211; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[307],"tags":[482,586,125,636,71,232,240,119,1272,42,1384],"class_list":["post-57581","post","type-post","status-publish","format-standard","hentry","category-finance","tag-bancor","tag-bretton-woods","tag-carry-trade","tag-complexite","tag-frederic-lordon","tag-glass-steagall-act","tag-interdiction-des-paris-sur-les-fluctuations-de-prix","tag-john-maynard-keynes","tag-quantitative-easing","tag-speculation","tag-taxe-tobin"],"_links":{"self":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/57581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/comments?post=57581"}],"version-history":[{"count":17,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/57581\/revisions"}],"predecessor-version":[{"id":57620,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/57581\/revisions\/57620"}],"wp:attachment":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/media?parent=57581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/categories?post=57581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/tags?post=57581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}