Skip to comments.Francois Hollande looks set for French election victory but will markets vanquish him?
Posted on 05/06/2012 6:41:00 PM PDT by aquila48
Assuming Francois Hollande triumphs over Nicolas Sarkozy in today's second round of the French presidential election the odds against a late Sarkozy comeback being very long indeed then the Socialist victor faces another contest in the very near future. Next he has to take on the opponent that he himself called in campaign speeches "my real adversary, the world of finance". That could be a bitter encounter though you might not think so from early indications. Markets have been in wait-and-see mode in the run-up to today's poll, as well as the less talked-about general election in Greece.
(Excerpt) Read more at telegraph.co.uk ...
Plus that little inconvenience, the Euro, of which France is just a part of and he cannot print at will. He will be forced to break his promises rather quickly, but oh well, he got elected.
The euro was down for a week compared to USD prior to the election. If Hussein is up in the polls in the two months prior to the election, we will likely see a pretty decent market drop prior to November. Right now companies and investors are preparing for a long winter. The long term investors have left a long time ago. The short term traders and some companies are still scurrying around gathering acorns before the big drop comes. The problem now is with the French election results and the debts crises in Greece, Spain, Port., Italy, that timetable may have to be moved up for the short-timers, because this thing has a chance to snowball.
But, bad economic news around the globe and in the US is good news for November.
Barack Obama's supposed success in promoting US recovery by this method is held up as the model, without acknowledging that recovery comes quicker in America because its public sector is half the size of most of Europe's, its taxes are lower and its businesses are largely free of Brussels-style red tape.
What they apparently don't know is the fraud being done to make it appear Bammy's plan is actually causing a recovery, when it isn't. They're screwed.
What they apparently don’t know is the fraud being done to make it appear Bammy’s plan is actually causing a recovery, when it isn’t. They’re screwed.
So succinct ... so right!
There’s a photo making the rounds on Twitter this evening showing a large number of Ferraris lined up along a roadway, and purporting to depict luxury car owners fleeing France for Switzerland in response to the election. I suspect it’s a fraud.
“I suspect its a fraud.”
No, more like a prophecy.
But just think of all our billionaires and millionaires like Buffet, Gates, Turner, and 90% of hollywood who hunger to pay more taxes - I imagine they must already be on their private jets to France applying for french citizenship.
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