The CAC 40 and the markets are invulnerable and believe they are wrong

The rating agency S & P has beautiful threaten to degrade the U.S. debt by the end of 2012, nobody believes the United States. Markets do not feel threatened not by the rise in inflation in the wake of raw materials and rising interest rates looming almost everywhere. They cling to the hope that the Fed implements its EQ3 by next June. The argument back is that the U.S. has no choice but to continue to print paper currency since the debt no longer sold. To be precise, there are many buyers but it is institutional servants who provide the money directly at the offices of the Fed. Foreign creditors prefer to hold the euro or Swiss franc and anticipate a devaluation of the U.S. T-Bonds rise because of the natural rate of interest on the entire planet. With funding requirements which must now face Japan, the market for sovereign debt becomes very tense. But investors do not want to take into account the solvency problems of the States whose good intentions are consistently delivered at a later date. It is the dictatorship of the short term in all its glory with the lines, the feeling that if there is no solution "nice" (which seems obvious), it serves no purpose to undermine the morale until the crash occurs. Too much cash kills Wall Street behaves like the simple-minded who just skip the 50th floor of the Empire State Building without a parachute and that the 49th floor at 1, is repeated endlessly: "so far so good ... and what pleasant sensation of floating in the air. " Thus, Wall Street maintains its unconsciousness militant sense of invulnerability of the upward trend on all stock exchanges ... The secret is to never look down but to focus on what happens on each floor. We are told every day for two years as institutional not know what to do with their cash and must therefore buy on all folds! And it is indeed a repetitive task so that it is devoted to trading robots that do not pose a question. The "good news" will come later. If it is not the "strategists" who argue that the situation is "less worse than expected." And if anything is "worse than expected" (as in the aftermath of the March 11 or April 18), then they see an opportunity to open the floodgates even more money.

ADP will sell its subsidiary Alyzia

Aeroports de Paris (ADP), manager of Orly and Roissy-Charles de Gaulle, has initiated a process to sell its subsidiary Alyzia specializing in airport services such as ramp handling, the letter said the expansion Friday . When asked, a spokesman for ADP declined to comment. "Alyzia thinking for several months to bring a partner in the group. She began confidential discussions with several potential partners for over a year," he told AFP a source familiar with the matter. This source, however, stressed that "nothing indicates that ADP will finally decide to press the button, that is to say, confirm the operation. "We must not forget that this is the fate of 3,500 employees, the third of ADP," she noted. According to the letter, two operators would be positioned to buy the company: the Belgian and French AviaPartner Airports Vinci (Vinci group). The buyer should be known in June, according to La Lettre de l'Expansion. A spokesman for Vinci, however, denied the report. "We came out of this activity a few years ago and we do not come back," he told AFP. AviaPartner was not reachable for comment. According to sources familiar with the matter, some airport operations could be transferred to Alyzia "per apartment" (activities) at different companies in order to avoid monopoly. Are in discussions, the Working Group through its subsidiary temporary Crit Europe Handling, Swissport or Derichebourg. Asked recently by AFP at a press conference, Claude Guedj, president and founder of Crit, which has diversified in airport services, said Crit was not "not" interested Alyzia . Crit would find a quasi-monopoly, with the risk of paralysis of traffic in the event of strike action, for example, he argues.The group certainly intend to grow in airport services, but rather in Africa. Crit won licenses provider in Terminals 1 and 2 of Roissy to Orly West and Orly South, and the license provider in the freight. He also obtained the exclusive concession of the airport from Freetown in Sierra Leone for a period of 20 years, and operates the airport since April 1. The turnover of this activity should increase from 130 million last year to 250 million at end 2011.

 

Hearing up to news sites in March

The daily audience of news sites, driven by a current international (Japan, Libya) and national (cantonal) particularly rich, rose 16% in March compared to March 2010, according to figures from Médiamétrie / Net Ratings published Friday.