Paul ARGOUD

How I filter out 90% of problem tenants before the showing even starts

Real Estate & Wealth Management

After hundreds of furnished rentals, I’ve come to understand that the problem tenant gives themselves away from the very first contact. Anyone who won’t spend three minutes introducing themselves properly (full name, professional situation, a concrete question about the property) won’t respect anything once they have the keys. I never reply to texts, to private messages on the platforms, or to prefab generic inquiries: it’s up to the candidate to initiate quality contact. The courts settle nothing in under a year, insurance doesn’t cover unpaid rent, and the CAF never reimburses damage. Faced with a system that protects landlords poorly, the only effective line of defense is screening up front, through a methodical reading of behavioral signals.

Grok broke Babel : welcome to the internet without language borders

Artificial Intelligence

Since April 8, Grok has been automatically translating all content on X, without you even noticing. No more clicking “Translate”: the algorithm now folds Japanese, Brazilian, or Nigerian posts straight into your feed. This invisible automation changes everything: language silos blow apart, creators reach global audiences, dissidents bypass censorship through instant translation. Of course, disinformation travels just as easily as information. But for the first time in history, billions of people can communicate with no language friction, and nobody seems to have grasped the scale of the earthquake.

The IMF’s blind spot : why we’re not ready for the 2026 energy shock

Digital sovereignty

The IMF is forecasting -0.2% growth in 2026. The real data (destroyed refineries, terminals out of service, sector-wide shortages) point to a -1.5% scenario for developed economies. Standard models reason in prices, not volumes, and ignore threshold effects: a 10% loss of energy triggers a 15% drop in heavy industry. Between the reassuring forecasts and the crisis ahead, no one is preparing the public, and every day lost is one day less to organize collective resilience.

Duralex : the day reality caught up with the storytelling (and fired the storyteller)

Economy

François Marciano, CEO of Duralex, was abruptly ousted on April 12, 2026, five months after I predicted that a new crisis would break out “within six months at most.” Despite the 8 million raised in November 2025 through crowdfunding and a solidarity fund in January, the worker co-op’s EBITDA is negative by more than 4 million euros. The employee-shareholders who thought they had saved their company are discovering that they risk a double penalty: losing their job and their personal savings invested in the cooperative at the same time. La Lettre Valloire confirms what I had been warning about since August 2025: “Unstable governance, contested strategy, growing dependence on outside financing: the co-op is teetering.” Within 12 to 18 months, Duralex will be either taken over by an industrial buyer or in court-ordered receivership.

Why we cling to a past that lies to us

Economy

We all know the past predicts nothing, yet we keep believing in it out of a kind of instinctive loyalty. This recurrence bias isn’t stupidity, but a cognitive nostalgia inherited from evolution, pushing us to look for promises where there are only curves. Faced with the glacial indifference of the markets, clarity alone isn’t enough, because our willpower runs out. True wisdom, then, lies in delegating our decisions to mechanical rules, to protect our wealth from our own emotions. Choosing the future over memory is probably the hardest act of discipline there is.

URSSAF, judge and party : when the state suspends the rule of law

Economy

In France, one organization can freeze your bank account without a court ruling, garnish your income without notice, and bring a company to its knees in a matter of weeks. That organization is called URSSAF, and the way it operates violates one of the oldest principles of Western law: no one may be a judge in their own cause. It alone issues enforceable orders carrying the force of a court judgment, without any magistrate having examined the merits of the debt. A reassessment can cover three years of past activity, amount to several times the annual profit, and kick in before the challenge has even been exhausted, not for fraud, but for a divergent interpretation applied in good faith. The cost isn’t only economic: it’s democratic.

Digital Lettres de cachet : how the EU punishes without judging

Europe

The European Union now strikes its own citizens with economic sanctions without trial, without a judge, without any criminal law defining the alleged offense. A Swiss colonel and a German journalist have had their accounts frozen for expressing analyses that displease the European Council; forced to apply for humanitarian waivers in order to feed themselves. These measures, labeled “administrative” to bypass the safeguards of criminal law, nonetheless inflict heavier consequences than a court conviction: a ban on working, on traveling, on receiving the slightest assistance. This drift is part of a methodical three-stage escalation: censorship delegated to the platforms via the DSA, the control infrastructure (digital identity, the digital euro), and now existential punishment through asset freezes. By turning political opinion into grounds for civil death, the EU is shifting from soft power to hard power; and trampling the very principles of the rule of law it claims to defend.

Claude Managed Agents: Anthropic’s infrastructure is more honest than it looks

Artificial Intelligence

Anthropic first cut off unmetered access to agents, then, in the same breath, launched its own infrastructure service billed by the hour. The move is calculated, but it’s also honest. The real issue isn’t pricing: it’s what “managed” actually implies. Handing your agent over to an infrastructure you don’t understand means trading weeks of plumbing for a silent cognitive debt. Automating what you don’t understand isn’t automating; it’s outsourcing your incompetence with a better service contract.

Public broadcasting in France : when transparency can vanish by procedural decree

Democracy

France’s parliamentary inquiry into public broadcasting reveals a pathology deeper than the usual burial of a scandal: under a 1958 ordinance, its own hearings can legally vanish from public view, and relaying them can become a criminal offense, if the final report is never adopted. Transparency turns out to be a reversible concession. The curtain falls, the lights go out, and all of it perfectly legal: the system is working exactly as it was designed to.

Mandatory e-invoicing : real time tax control now has a name

E-invoicing

Starting September 1, 2026, every invoice issued between French businesses will be required to pass through an Approved Platform (a private intermediary certified by the DGFiP, France’s tax authority) before being reported in near real time to the Public Invoicing Portal. This isn’t administrative simplification: it’s a tool for structural tax control, designed to make the entirety of domestic economic flows legible. The reform doesn’t strike the optimized structures (foreign holding companies, non-residents, firms operating from other jurisdictions) whose flows fall outside its perimeter by design. It strikes the sedentary: tradespeople, very small businesses, professionals with a local clientele, those whose every activity is domestic, visible, traceable. The State is learning to see, but it isn’t looking in every direction.