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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|| E-Mail|| Front Page|| [6462 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 France’s disadvantage, Nicolas Sarkozy allowed the market’s 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 Börse’s 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||  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

23:54 JosephMendiola
23:44 trailing wife
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23:29 canalzone
23:28 JosephMendiola
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23:05 Redneck Jim
23:00 canalzone
23:00 Redneck Jim
22:51 canalzone
22:48 Bill Clinton
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21:54 Rambler in Virginia
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21:19 USN,Ret
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