Qu’est-ce que c’est Crash?

20 May

Great Moments in French Socialism…

…Then as France slips further into recession and as their non-performing loans increase and as their massive amount of securitizations rapidly decline in value; their banking system will come under extreme pressure. Much is hidden and cloaked in France but bills that must be paid will begin to take their toll and the uncounted liabilities do not disappear just because no one adds them up correctly. France, in my view, is a powder keg waiting for some fuse to be lit and it will not be a Belle Epoch Ball at Versailles when it does. There will be fireworks aplenty but no cheering crowd to accompany them.

Tick Tock…

Zero Hedge

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