Meet Francois “hollandaise sauce” Hollande; sometimes referred to by his more loving title of “that socialist asshat whose going to totally fuck the euro”.
Just who is Francois, you ask?
Why, Francois is the leading candidate in the French elections right now. He is beating Nicholas Sarkozy by a mile, and unabashedly so.
Why, just earlier today, his stool pigeons were commenting on the very “British Prime Minister”-ishness of “Sarko” and how such a man as Nicholas is very unbecoming to all that is “French”-y.
And just why is this relevant, do you ask?
Well, because Nicholas Sarkozy has been more or less the only thing holding Germany to the rest of Europe. Without French compromise, I doubt very much that Angela Merkel would be making much headway at home, where printing money remains a very “Weimar Republic” thing to do.
And that is sort of the catch, isn’t it?
You see, “The Eggs Benedict Presidential Candidate” himself is rather fond of printing money. In fact, that is Mr. Hollande’s only proposed solution to the teansy, tiny little situation that Europe has been trying to brush aside for going on three years now.
He supports overpaid and benefit rich labor, cushy state funding even at the expense of big deficits, and printing shitloads of money.
Naturally, he and the Germans are going to get along swimmingly. They will be best friends. Why, they will be so close, Germany may elect to send some of their people into France to visit. Just a casual meeting between close compadres, you know. A few hundred thousand countrymen…oh, and what if they were all wearing the same garb? Wouldn’t that be fun. Maybe a few vehicles; just to show off. Some trucks. Some tanks…whatever’s lying around, really.
The French and Germans have such a long history of close, personal friendship.
At any rate, even short of Germany high stepping all over Frenchmen’s backs, the addition of this fine gentleman is sure to make an already hopelessly confusing, unstable situation into total pandemonium. German politicians are not going to enjoy being told that they’re disillusioned pussies who can’t get over the suffering of their long dead relatives.
It’s going to be an Eggs Benedict election year in France. And hollandaise sauce all over your faces.
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hear hear.
Cain, all the Germans have to do is send a bunch of girl guides to Paris for a field trip and the french will fold like a cheap tent. Headline “Girl Guides March in Paris. France Surrenders”
Lol
Wow, 5 star post. Thanks for bringing this to our attention, hadn’t heard of this guy.
Been hammering this point for a while now. This is a HUGE deal, have heard absolutely ZERO mention of it among market commentators. Kudos, Cain.
Well said Cain. I can only assume the political landscape across all of Europe will look very different within a few short years, apparently starting with this fella here.
What are the chances Europe can make Portugal, Ireland, Spain and Italy all submit to Greek style austerity without one of those countries electing someone under the election premise of “fuck off, we want out!”
I agree. As do others…
http://www.economist.com/node/21547805
Great stuff as always.
Hey Cain,
Whatever happened to your Real-estate thesis? You still looking at those names? AEC and a few others if I remember correctly. I still have a dollop of RWT and STWD, but that’s it. Still, I’ve been angling for a real-estate income stream, and still not sure what’s the best way for investors to play this without having to go out and pound the pavement to find foreclosed homes.
Yes, I still own AEC and CLP. It’s sort of back burner while I wait for the Europe situation to contort itself into a pile of shrapnel. But I still love the multifamily thesis.
AEC took a nosedive a few weeks back. Some folks got it into their head that they were expanding “too aggresively” or something like that.
I need to really dig into their latest reports, but my first general glance over didn’t see any red flags. I expected that those companies would start acquiring properties like mad in January 2011.
It took Germany an embarassing six weeks to defeat France during WWII. So nothing has really changed.