France

Europe Gets Its Doomsday Scenario

In France, the right feels betrayed by open borders and excessive regulation, the left by an unaccountable elite that always seems to profit at everyone else’s expense. And both sides suffer from soaring debt at every level of society. So if a fringe candidate doesn’t win this time around, the mainstream will just make an even bigger mess, raising the odds of a fringe victory next a few years hence.

On The Left's Descent To Fascism

The Left is morally and fiscally bankrupt, devoid of coherent solutions, and corrupted by its embrace of the Corporatocracy. Its descent to fascism has too much momentum to be stopped. Isn't it obvious that the only way forward is to jettison both the Left and Right flavors of state-cartel Corporatocracy and pave a third way?

Frontrunning: April 18

  • Britain's May seeks snap election to boost Brexit hand (Reuters)
  • Trump to seek changes in visa program to encourage hiring Americans (Reuters)
  • Trump appointee Gorsuch energetic in first U.S. high court arguments (Reuters)
  • Pence Reaffirms U.S.-Japan Alliance Amid North Korea Provocations (WSJ)
  • Blackwater Founder Erik Prince Said to Have Advised Trump Team (BBG)

Global Stocks Slide As Iron Ore Crashes; Pound Jumps After UK Calls Snap Elections

European stocks slide  s traders return from a 4-day Easter holidays, Asian equities likewise drop pressured by the ongoing rout in iron ore, while U.S. stock-index futures point to a lower open. British markets were roiled after U.K. Prime Minister Theresa May said she would seek an early election on June 8. The FTSE 100 droped 1.3%, on the news, hitting the lowest since Feb. 24

The Coming French Revolution

If Le Pen somehow comes out on top, French politics – not to mention the European Union – will be turned upside down. But even the ostensibly moderate Macron represents, in his own way, a truly radical stance. With both candidates likely to make it to the second round, France is on the verge of a political revolution, regardless of who wins.

Key Events In The Coming Week: French Election, Earnings, Manufacturing, Housing

This week will be dominated by the first round of the French presidential election on Sunday. On the data side, following China's strong economic report, attention will focus on US industrial production growth on Tuesday. In the euro area, flash PMIs for April due on Friday could point to moderation. This is also the first full corporate earnings week.

If An Electorate Falls In The Forest, Is Their Voice Heard?

If there’s one lesson Europeans can glean from their allies across the Atlantic, it’s that bullets can be dodged, but not indefinitely. As we are learning the hard way, necessary reforms are challenging to enact. Avoidance, though, will only succeed in feeding anger and despair. The longer the voices of the desperate go unheard, as just so many silently falling trees in the forest, the more piercing their cries will be in the end.