Double dip : Not this time

The United States created a surprise and a good one with the publication of the third quarter growth figures: 2.5%. How do you explain this rebound? PHILIPPE D'ARVISENETYes, it was a surprise and not a surprise. Not a surprise because the economic indicators like the ISM, the Survey of Purchasing Managers, was much above the division between expansion and contraction. That was one side. On the other side, of course, it was a surprise because during the summer you had a lot of negatives that impacted the psychology of the market. You had the change in the rating of the US sovereign by Standard and Poor's, you had the endless discussions about budget consolidation, the fear of a double dip, the downward r

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