France Collapsing - Joe Blogs

[TexasTowelie]

France’s latest government collapsed in under a day. With seven prime ministers in eight years, debt near 115% of GDP, and a deficit close to 6%, investors are asking: is a French bond crisis brewing? In this video I explain the political gridlock, the ratings pressure, and what the spike in Bond yields means for France and Europe.

Chapters:
0:00 Intro
1:12 STRUCTURE
2:19 PM'S
4:23 DEBT
5:07 YIELDS
6:42 G20
8:20 SUMMARY & CONCLUSION

[Bayard]

1. Worse than the U.S.?

[Diraven]

2. US debt and deficit are far worse

US debt is 130% of GDP, and the deficit is 6% of GDP or 27% of the budget. But somehow no one ever worries about us having a bond crisis.

[questionseverything]

3. As long as the dollar was the go to currency we had no problem financing our debt

*rump is working hard on devaluing our dollar (it lost nearly 10% of its value last year), so if nothing changes we will be in the same boat but it won’t just affect us, the whole world will suffer as a new pecking order is developed