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2012-05-06 -Election 2012

French election: final polls suggest swing to Sarkozy

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Posted by Steve White 2012-05-06 00:00|| || Front Page|| [1 views ] Top

#1 It would be interesting to be a fly on the wall in the White House tonight. If Hollande gets in, which looks increasingly likely, Obummer re-election will be sunk.
The name of the poison pill left by Sarkozy is FOAT.
As the Telegraph says:
Rather, the market has persuaded itself that Hollande is more moderate than he tried to sound on the stump, and that his "growth agenda" of tax grabs and public-sector job schemes will rapidly be neutralised by force of fiscal circumstance
If not FOAT comes into play The Euro starts unraveling, Wall Street takes a big hit and along with it the dollar and the US economy will be in turmoil during the election.
So bye, bye Obama.

Posted by tipper 2012-05-06 13:18|| 2012-05-06 13:18|| Front Page Top

#2 An explanation of FOAT here

An excerpt:

...about speculation against France on the new French debt futures (FOAT) market, speculation broadened on the French Left over the last 36 hours in relation to the FOAT founder Deutsche Borse and whether a geopolitical move by Berlin might also be part of the mystery.

To recap: despite an obvious danger that the new FOAT will allow market-maker Morgan Stanley to hedge its Greco-French exposure to Frances disadvantage, Nicolas Sarkozy allowed the markets April 16th debut to go ahead. This has created some speculation as to whether Sarkozy plus others may be creating a poison pill for Francois Hollande should he win the election.

Now the French Left is beginning to accuse Germany of complicity. Deutsche Börses new futures contract, they added, may promote a self-fulfilling prophecy and shows that Eurex anticipates speculation against the French debt at a time when the pressure on the sovereign markets continue to escalate.

Posted by badanov 2012-05-06 13:50|| http://www.freefirezone.org 2012-05-06 13:50|| Front Page Top

#3 Hollande has won

Posted by European Conservative 2012-05-06 14:47|| 2012-05-06 14:47|| Front Page Top

#4 Fun tomorrow.

Posted by Nimble Spemble 2012-05-06 15:40|| 2012-05-06 15:40|| Front Page Top

#5 Good luck to us all, European Conservative.

Posted by trailing wife 2012-05-06 15:42|| 2012-05-06 15:42|| Front Page Top

#6 Think some U.K. currency traders won't be having the day off they had planned (tomorrow is a bank holiday in the U.K.).

Posted by Bright Pebbles 2012-05-06 17:10|| 2012-05-06 17:10|| Front Page Top

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