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French Private Sector Output Falls at Sharpest Rate in Eight Months; Tale of Two Europes

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / October 23, 2014

France

Looking for growth in Europe? You won’t find it in France, but for now you can still find it in Germany (for now).

The Markit Flash France PMI shows French private sector output falls at sharpest rate in eight months.

Key Points

Flash France Composite [...]

Sorry France, The Bond Market Has Spoken: You Are Not In The “Core” Anymore

zerohedge.com / by Tyler Durden / 10/16/2014 09:13 -0400

What’s French for ‘sacre bleu’? While the fundamental reality of France’s record unemployment, plunging industrial production and economic growth, and treaty-busting deficits are all fact, for many months now, the ‘market’ has been convinced at Draghi’s omnipotence and enabled French bonds to trade as if they [...]

France Tells Brussels ‘Bullies’ “Non Non Non”, Won’t Change Treaty-Busting Budget

zerohedge.com / by Tyler Durden on 10/14/2014 14:33

Having noted last week of the rising tensions between the French (pushing forward with plans for a budget deficit that far exceeds EU Treaty rules) and Germany (letting a Frenchman run EU’s finances is “an unwise personnel decision”) and Brussels (planning to reject the French budget); it [...]

Germany’s Tapped Out… So Who Will Hold Europe Together This Time?

gold-eagle.com / By Graham Summers / October 14, 2014

The biggest issue for maintaining the Euro has been one of political tension.

In the US, politics takes a backseat to economics. If the economy goes into the toilet, there are political repercussions. This is because the US Government as bloated as it is, comes nowhere [...]

A New Age Of IMF Bailouts – Great Britain In The 1970s

zerohedge.com / by Erico Tavares via Sinclair & Co on 10/12/2014 11:40

A New Age Of IMF Bailouts – Great Britain In The 1970s

Hearing of IMF interventions generally conjures up images of developing nations (and the occasional Eurozone peripheral economy of late) facing some kind of financial difficulty. But it was actually Great [...]

France Crushes Socialist Welfare Dream, Admits “Living Beyond Its Means” For 40 Years

zerohedge.com / by Tyler Durden on 10/09/2014 20:43

Facing up to the pressures of responsibility as a member of the European Union – having been told their treaty-busting budget plan was unacceptable – it seems France is resorting to the worst case scenario – cut spending! As Bloomberg reports, the glory days of France’s welfare [...]

EU Commission to Reject Hollande’s Budget

armstrongeconomics.com / by Martin Armstrong / October 8, 2014

Hollande is in deep trouble. His socialistic policies are destroying France. The European Commission in reviewing the budgets of the French Government find that they violate EU rules and no run the risk that they will be rejected by the EU. The Commission will ask [...]

Guido Hülsmann: Inside the Mind of Mises

mises.org / by Jörg Guido Hülsmann and Jeff Deist / October 04, 2014

Editor’s Note: Here is a transcript of the interview.

Jeff Deist: Dr. Guido Hülsmann is a Mises Institute Senior Fellow and professor of economics at the University of Angers in France. He wrote thecomprehensive biography of Ludwig von Mises, an enormous project [...]

Hollande Single-Handedly Destroys France

armstrongeconomics.com / by Martin Armstrong / October 3, 2014

France is bankrupt and part of the Sovereign Debt Crisis comes when a government has to roll its debt and there is no bid. Next year, France’s President Francois Hollande must face a budget deficit along with the country’s biggest-ever rollover of existing debt in [...]

The French Have Backstabbed the US Petrodollar

caseyresearch.com / by Marin Katusa / Sep 30, 2014

Let China sleep, for when she wakes, she will shake the world.—Napoleon Bonaparte

Back in the 1960s, French President Charles de Gaulle didn’t trust the US, and as a result, he decided to reduce France’s US dollar reserves. He traded them for gold from the [...]

Schoolgirls Aged 14-16 Leave France, UK, Germany for Syria to Join ISIS Jihad

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / September 29, 2014

As many as 63 seriously misguided teenaged girls from France, 40 from Germany, and 50 in the UK have left their countries to join ISIS in Syria.

The Guardian has a fascinating report on Schoolgirl jihadis: the female Islamists leaving home to join Isis fighters.

Hundreds [...]

Turkey Sends Back 3 Islamist fighters to France

armstrong economics.com / by Martin Armstrong / September 29, 2014

Three Islamist fighters from France could were returned by Turkey. To everyone’s surprise, they entered France freely at Marseille airport after Turkey had expelled them and put on a plane. The French authorities knew that Turkey’s three terror suspects had put on a plane. [...]

What the Global Status Quo Optimizes: Protecting Elites and the Clerisy Class That Serves Them

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, SEPTEMBER 25, 2014

The incestuous embrace of privilege and power by entrenched, socially isolated Elites characterizes failed states and brittle, doomed regimes throughout history. Every system is optimized to serve a specific purpose. As noted in my recent essay What Metric Are We Optimizing For?, [...]

Law of Excuses: It’s Always Something (But Never the Right Thing)!

globaleconomicanalysis.blogspot.com / by Mike “Mish” Shedlock / September 24, 2014

The out-of-the-blue excuses countries come up with for not making budget deficit targets are rather amusing.

For example and via translation from La Vanguardia, France Blames Deficit on Jihadist Terrorism, Lack of Inflation.

French Prime Minister, Manuel Valls, said today that his [...]

Doctors Without Borders staffer infected with Ebola in Liberia – to be flown to France for treatment

theextinctionprotocol.wordpress.com / September 18, 2014

AFRICA – Doctors Without Borders staff member from France has contracted the Ebola virus while working in Liberia, the group announced Wednesday. She is the group’s first international staffer to become infected with Ebola in the current outbreak, a spokesman said. The French worker — on assignment in Monrovia, [...]

The Exigence

tfmetalsreport.com / By Dr Jerome / September 16, 2014

Metals action the past two weeks has baffled me. In some way, it feels like a calm before a storm. The news stories seem to have changed their tone. World events are becoming more surreal. Illogical markets and economic indictors surround us. I glance from screen [...]

Toothless Barking Dogs; Don’t Like the Rules? Then Ignore Them: French Style

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Sunday, September 14, 2014 2:05 AM

Don’t Like the Rules? Then Ignore Them: French Style

When it comes to fiscal policy in the EU, you can break whatever fiscal rules you want, provided you are big enough.

France qualifies, so does Germany. If you are small like [...]

Far-Right Nationalist Le Pen Takes Lead In French Presidental Poll

zerohedge.com / by Tyler Durden on 09/11/2014 14:34

It’s not just Scotland… or Catalan. As The Guardian reports, polls out in the past few days in France have shown far-right Front National (FN) leader Marine Le Pen topping a presidential poll for the first time. Alongside this surge in support for FN is the [...]

Barack, We Hardly Knew Ye

davidstockmanscontracorner.com / By David Stockman / September 11, 2014

With your drums and guns and guns and drums, hurroo, hurroo With your drums and guns and guns and drums, hurroo, hurroo With your drums and guns and guns and drums The enemy nearly slew ye Oh my darling dear, Ye look so queer Johnny [...]

Germany Openly Hostile To Putting Frenchman In Charge Of European Financial Affairs

zerohedge.com / by Tyler Durden on 09/10/2014 12:45

Current finance minister Sapin, perhaps unsurprisingly, has admitted that France will miss EU deficit targets and needs more time to rein in public finances – proclaiming, as Reuters reports, that it may take until 2017 to bring it in line. Germany’s response “nein, nein, nein” [...]