{"id":1369,"date":"2009-01-07T09:35:25","date_gmt":"2009-01-07T09:35:25","guid":{"rendered":"http:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/"},"modified":"2012-07-12T11:15:52","modified_gmt":"2012-07-12T11:15:52","slug":"situation-des-t","status":"publish","type":"post","link":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/","title":{"rendered":"Situation des taux d&rsquo;int\u00e9r\u00eats aux Etats-Unis en ce d\u00e9but de 2009"},"content":{"rendered":"<p>&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;<strong><span style=\"font-size: 1.4em\">I<\/span><\/strong>l a d\u00e9j\u00e0 \u00e9t\u00e9 soulign\u00e9 ici combien la volont\u00e9 de nos banquiers centraux europ\u00e9ens de vouloir garder la main sur la politique mon\u00e9taire en maintenant des taux de refinancement des banques \u00e0 des niveaux sup\u00e9rieurs \u00e0 ceux de l&rsquo;inflation sous-jacente et surtout sup\u00e9rieurs au taux am\u00e9ricain, introduisait un biais concurrentiel inacceptable. Un pays ne peut aller bien que si son syst\u00e8me bancaire fonctionne, la crise financi\u00e8re que nous traversons nous l&rsquo;a rappel\u00e9. Bien s\u00fbr les hi\u00e9rarques de la BCE vont continuer \u00e0 baisser les taux, la mort dans l&rsquo;\u00e2me, par force. Ils font partie int\u00e9grante de cette &quot;Europe frigide&quot; que d\u00e9crit Elie Barnavi. Europe sans id\u00e9al, incapable d&rsquo;affirmer ses valeurs. Une Europe qu&rsquo;on ne peut pas aimer. La r\u00e9f\u00e9rence est cependant l\u00e0: le taux de la FED est quasiment \u00e0 z\u00e9ro, actant la gravit\u00e9 de la crise que le monde traverse.<a href=\"http:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/taux10ans2009012.jpg\"><img loading=\"lazy\" decoding=\"async\" height=\"322\" alt=\"Taux10ans200901\" src=\"http:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/taux10ans200901.jpg\" width=\"480\"  \/><\/a>&nbsp; <\/p>\n<p>&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp; Alors les bons du Tr\u00e9sor am\u00e9ricains poursuivent leur baisse. Le 10 ans est \u00e0 peine au dessus de 2%, du jamais vu dans l&rsquo;histoire financi\u00e8re des derni\u00e8res d\u00e9cennies (FIG. courbe verte). Ceux qui pr\u00eatent leur argent pour 10 ans \u00e0 ces taux l\u00e0 savent qu&rsquo;ils seront finalement perdants, mais ils pensent ainsi \u00e9viter le pire. Les papiers \u00e9mis par les Soci\u00e9t\u00e9s ou autres Organismes sont p\u00e9nalis\u00e9s par un spread qui atteint 250 points de base (2,5 points de pourcent) pour les Aaa (courbe rouge) et qui atteint encore pr\u00e8s de 600 points de base pour les Soci\u00e9t\u00e9s class\u00e9es Bbb par Moodies (courbe bleue). La d\u00e9tente des taux a \u00e9t\u00e9 nette en D\u00e9cembre, elle semble se poursuivre en ce d\u00e9but d&rsquo;ann\u00e9e, mais la prime de d\u00e9fiance est encore tr\u00e8s \u00e9lev\u00e9e, ce que traduit la divergence entre les courbes. <\/p>\n<p>&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp; La mont\u00e9e du prix de l&rsquo;argent va obliger bon nombre d&rsquo;entreprises \u00e0 revoir leur politique de d\u00e9pense de cash. Les projets p\u00e9troliers et gaziers les moins rentables vont \u00eatre repouss\u00e9s \u00e0 plus tard. Les grands projets \u00e9cologiques aux rentabilit\u00e9s douteuses, \u00e9tal\u00e9es sur de longues ann\u00e9es, vont \u00e0 coup s\u00fbr en p\u00e2tir. Citons par exemple l&rsquo;\u00e9olien offshore, le photovolta\u00efque, les biocarburants de deuxi\u00e8me g\u00e9n\u00e9ration, la g\u00e9othermie, les piles \u00e0 combustible. Il n&rsquo;est pas s\u00fbr que les incitations financi\u00e8res provenant des Etats suffiront \u00e0 relancer la machine. Mais ce sera l&rsquo;occasion pour toutes ces fili\u00e8res de revenir sur leurs marges abusives occasionn\u00e9es par des demandes d\u00e9brid\u00e9es et fauss\u00e9es par l&rsquo;argent public d\u00e9vers\u00e9 sans contr\u00f4le. Les f\u00eates solaires espagnoles font parti du pass\u00e9, nombreux en parlent d\u00e9j\u00e0 avec nostalgie.<\/p>\n<p>Le 7 Janvier 2009.<\/p>\n<p>&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;Il a d\u00e9j\u00e0 \u00e9t\u00e9 soulign\u00e9 ici combien la volont\u00e9 de nos banquiers centraux europ\u00e9ens de vouloir garder la main sur la politique mon\u00e9taire en maintenant des taux de refinancement des banques \u00e0 des niveaux sup\u00e9rieurs \u00e0 ceux de l&rsquo;inflation sous-jacente et surtout sup\u00e9rieurs au taux am\u00e9ricain, [&hellip;]<\/p>\n","protected":false},"author":341,"featured_media":11414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualites"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Situation des taux d&#039;int\u00e9r\u00eats aux Etats-Unis en ce d\u00e9but de 2009 - leblogenergie.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Situation des taux d&#039;int\u00e9r\u00eats aux Etats-Unis en ce d\u00e9but de 2009 - leblogenergie.com\" \/>\n<meta name=\"twitter:description\" content=\"&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;Il a d\u00e9j\u00e0 \u00e9t\u00e9 soulign\u00e9 ici combien la volont\u00e9 de nos banquiers centraux europ\u00e9ens de vouloir garder la main sur la politique mon\u00e9taire en maintenant des taux de refinancement des banques \u00e0 des niveaux sup\u00e9rieurs \u00e0 ceux de l&rsquo;inflation sous-jacente et surtout sup\u00e9rieurs au taux am\u00e9ricain, [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/taux10ans200901.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Raymond Bonnaterre\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/\",\"url\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/\",\"name\":\"Situation des taux d'int\u00e9r\u00eats aux Etats-Unis en ce d\u00e9but de 2009 - leblogenergie.com\",\"isPartOf\":{\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/taux10ans200901.jpg\",\"datePublished\":\"2009-01-07T09:35:25+00:00\",\"dateModified\":\"2012-07-12T11:15:52+00:00\",\"author\":{\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#\/schema\/person\/debca67b8b93370360bdbd19ceb00794\"},\"breadcrumb\":{\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/#primaryimage\",\"url\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/taux10ans200901.jpg\",\"contentUrl\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/taux10ans200901.jpg\",\"width\":\"480\",\"height\":\"322\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Situation des taux d&rsquo;int\u00e9r\u00eats aux Etats-Unis en ce d\u00e9but de 2009\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#website\",\"url\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/\",\"name\":\"leblogenergie\",\"description\":\"Just another The Social Media Group Network site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#\/schema\/person\/debca67b8b93370360bdbd19ceb00794\",\"name\":\"Raymond Bonnaterre\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4c04f9e9aab7489452c52f805e42fbd3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4c04f9e9aab7489452c52f805e42fbd3?s=96&d=mm&r=g\",\"caption\":\"Raymond Bonnaterre\"},\"url\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/author\/raymond-bonnaterre\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Situation des taux d'int\u00e9r\u00eats aux Etats-Unis en ce d\u00e9but de 2009 - leblogenergie.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/","twitter_card":"summary_large_image","twitter_title":"Situation des taux d'int\u00e9r\u00eats aux Etats-Unis en ce d\u00e9but de 2009 - leblogenergie.com","twitter_description":"&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;Il a d\u00e9j\u00e0 \u00e9t\u00e9 soulign\u00e9 ici combien la volont\u00e9 de nos banquiers centraux europ\u00e9ens de vouloir garder la main sur la politique mon\u00e9taire en maintenant des taux de refinancement des banques \u00e0 des niveaux sup\u00e9rieurs \u00e0 ceux de l&rsquo;inflation sous-jacente et surtout sup\u00e9rieurs au taux am\u00e9ricain, [&hellip;]","twitter_image":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/taux10ans200901.jpg","twitter_misc":{"\u00c9crit par":"Raymond Bonnaterre","Dur\u00e9e de lecture estim\u00e9e":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/","url":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/","name":"Situation des taux d'int\u00e9r\u00eats aux Etats-Unis en ce d\u00e9but de 2009 - leblogenergie.com","isPartOf":{"@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/#primaryimage"},"image":{"@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/#primaryimage"},"thumbnailUrl":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/taux10ans200901.jpg","datePublished":"2009-01-07T09:35:25+00:00","dateModified":"2012-07-12T11:15:52+00:00","author":{"@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#\/schema\/person\/debca67b8b93370360bdbd19ceb00794"},"breadcrumb":{"@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/#primaryimage","url":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/taux10ans200901.jpg","contentUrl":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/taux10ans200901.jpg","width":"480","height":"322"},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2009\/01\/07\/situation-des-t\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/"},{"@type":"ListItem","position":2,"name":"Situation des taux d&rsquo;int\u00e9r\u00eats aux Etats-Unis en ce d\u00e9but de 2009"}]},{"@type":"WebSite","@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#website","url":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/","name":"leblogenergie","description":"Just another The Social Media Group Network site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Person","@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#\/schema\/person\/debca67b8b93370360bdbd19ceb00794","name":"Raymond Bonnaterre","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4c04f9e9aab7489452c52f805e42fbd3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4c04f9e9aab7489452c52f805e42fbd3?s=96&d=mm&r=g","caption":"Raymond Bonnaterre"},"url":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/author\/raymond-bonnaterre\/"}]}},"_links":{"self":[{"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/posts\/1369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/users\/341"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/comments?post=1369"}],"version-history":[{"count":2,"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/posts\/1369\/revisions"}],"predecessor-version":[{"id":19044,"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/posts\/1369\/revisions\/19044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/media\/11414"}],"wp:attachment":[{"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/media?parent=1369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/categories?post=1369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/wp-json\/wp\/v2\/tags?post=1369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}