France

Is Marine Le Pen The French Donald Trump?

The differences between Trumpism and the French far right are not in themselves handicaps for the French but rather adaptations to different environments. The only thing that could be a prejudice for the National Front is that it might already be too mainstream. The future is uncertain. Marine Le Pen has a long way to go before she can become the French Donald Trump.

Key Events In The Coming Thanksgiving-Shortened Week

The key economic releases this week in the Thanksgiving-shortened week are the durable goods report and new home sales on Wednesday. There are several scheduled speaking engagements from Fed officials this week. Minutes from the November FOMC meeting will be released on Wednesday.

Trumpflation Takes A Breather As Global Stocks Rise, Oil Jumps On Renewed OPEC "Deal Optimism"

With the Trumpflation euphoria easing back slightly overnight, leading to a modest paring in the USD index and US Treasury yields, Asian and European stocks rose, while US equity futures rebounded to just shy of new all time highs, as crude jumped on renewed optimism that OPEC will agree to cut output; metals rebounded from last week’s losses as yields dropped and the dollar halted its longest winning streak versus the euro.

Sarkozy Concedes Defeat In First Republican Primary, Backs Fillon

Less than four months after he announced (what he hoped would be) his triumphal return to politics, the hopes of former French president Nicolas Sarkozy have imploded, as a result of a poor showing in today's first presidential primary in France in which the conservatives will pick their candidate for president.

Euro In Historic Slide As Dollar Surge, Bond Rout Continues

More of the same this morning as the dollar extended its advance on the still undeteremined Trump reflationary policy measures after Yellen signaled an interest-rate hike could be imminent, while bond yields around the globe rose again, metals declined,  European stocks advanced and futures were modestly in the red just shy of all time highs.

Totally Out Of Touch: Nicolas Sarkozy Seeks "Marshall Plan" For Africa

Does the average unemployed youth in Greece, Italy, or Spain give a rat’s ass about a Marshall plan for Africa? Hell no! They want a Marshall Plan for Greece, for Italy, and Spain. Sarkozy’s Marshall Plan for Africa idea shows how much out of touch these politically correct buffoons are.

Welcome To The Brave New (Trumpolitical/Trumponomic) World

Meanwhile, civil war – national and global – is now raw, everywhere; social Darwinism run amok. Trump launched an IPO over the White House. Now he’s the CEO. If – and that’s a mighty if – he manages to run it like a sound business, that’s bound to be a good deal not only for the US but to the whole planet.

3 Things: Retail Sales, Recurring Ignorance, & Return Reality

There was an awful lot of cheering about the recent retail sales report which showed an uptick of 0.8% which beat the analyst’s estimates of 0.6%. However, if we dig deeper behind the headlines more troubling trends emerge for the consumer which begins to erode the narrative of the "economy is doing great" and “there is no recession" in sight.

Goldman Reveals Its Top Trade Recommendations For 2017

  • Top Trade #1: Long US$ vs GBP and EUR
  • Top Trade #2: RMB weakening: Long $/CNY
  • Top Trade #3: Long BRL, RUB, INR and ZAR, short KRW and SGD
  • Top Trade #4: Long Brazil, India and Poland, FX un-hedged
  • Top Trade #5: Long 10-year US$ and EUR inflation
  • Top Trade #6: Long EURO STOXX 50 2018 dividends

French PM: "Europe Is In Danger Of Falling Apart"

"Europe is in danger of falling apart," French prime minister Manuel Valls said at an event organized by the Sueddeutsche Zeitung newspaper. "So Germany and France have a huge responsibility."