Minimize

Welcome!

More murkiness over the upcoming election

Big Al
February 23, 2017

Chris is joined once more from Marseilles by “LPG” to discuss the ever-more uncertain looming presidential race there in France, and some related issues.

Click download link to listen on this device: Download Show

Discussion
17 Comments
    Feb 23, 2017 23:24 AM

    LPG, what is your view of the direction of the VIX in the near term?

      LPG
      Feb 23, 2017 23:12 AM

      Hello Pardu,
      Hope you’re well.
      No idea re: VIX. I haven’t looked at it in a bit, to be honest.
      However, I believe the conventional mkets are going a bit further higher, before starting a multi-months correction.
      Best to you,
      LPG

    CFS
    Feb 23, 2017 23:25 AM

    Off Topic: Swamp Action.

    WASHINGTON (AP) — With states seizing the initiative on shaping the future of self-driving cars, General Motors is trying to persuade lawmakers across the country to approve rules that would benefit the automaker while potentially keeping its competitors off the road.

    The carmaker denies trying to freeze out other brands, but legislators in four states say GM lobbyists asked them to sponsor bills that the company’s competitors contend would do just that. The bills set a blueprint for the introduction of fully self-driving cars that are part of on-demand, ride-sharing fleets, but they must be owned by an automaker.

    CFS
    Feb 23, 2017 23:48 AM
    CFS
    Feb 23, 2017 23:08 AM

    Just copied from Kitco:

    DJIA 20,826.69 +51.09
    NASDAQ 5,834.86 -25.76
    NIKKEI 19,379.87 0.00
    RUSSELL 1,395.67 -8.19
    NYSE 11,564.70 +14.52
    TSX 15,822.90 -7.31
    USD 101.05 -0.27
    Crude Oil 54.35 +0.76

    Does anyone understand why the TSX is down?
    while many resource stocks are up.

    Feb 23, 2017 23:37 AM

    O’Keefe Drops “Bombshell” Undercover Footage From Within CNN

    As promised two days ago on the Sean Hannity radio show, James O’Keefe and his team at Project Veritas just released covertly captured, previously unheard audio footage from within the CNN newsroom. But unlike his usual undercover sting operations, this footage was allegedly sourced from a CNN insider who apparently grew frustrated with the perpetually biased reporting of the “fake news” media outlet.

    Per O’Keefe’s website, today’s release includes 119 hours of secretly recorded raw footage from an inside source at CNN with another 100 hours of footage still to be released. Given the volume of footage to be released, O’Keefe is asking for help to transcribe and investigate the recordings and encourages users to provide tips on interesting discoveries here…

    http://www.zerohedge.com/news/2017-02-23/okeefe-drops-bombshell-undercover-video-footage-within-fake-news-cnn

    Feb 23, 2017 23:07 AM

    LPG . Hi you remember i talk you of the migrant invasion of Europe ! Marine Le Pen is no problem she need to wine !!! The EU and European Euro need to GO ! And the muslims need to GO ! And day will ! https://www.youtube.com/watch?v=kbm7VdPgjxc

      LPG
      Feb 23, 2017 23:13 AM

      Hello Franky,
      Hope all’s well for you in Belgium.
      I remember all you’ve said, no worries – cool is the way.
      Luv’ as always
      LPG

    CFS
    Feb 23, 2017 23:18 AM
    CFS
    Feb 23, 2017 23:25 AM

    Brace! Brace! David Morgan

    https://youtu.be/qZ7PbZCivt4?t=48

    Feb 23, 2017 23:38 PM

    Some exceptional advice about NUGT and JNUG. https://www.youtube.com/watch?v=AmMIAEhC4xc

    CFS
    Feb 23, 2017 23:52 PM

    I don’t like what I am hearing with regard to tax reform.

    It is increasingly looking like a Value-added tax (VAT) is going to be introduced.

    There are two reasons to fight this tax.

    !. It is always introduced at a lowish rate and Income tax is reduced to offset the new VAT tax. Historically everywhere it has been introduced in this manner, both the VAT tax and the income are then raised in subsequent years…..ending up with much greater overall taxation.

    2. It is yet again, like financial repression, unfair to older folks.
    Older people will have saved what they have managed to save under high taxation; now when they spend those savings in retirement, they get higher taxation by virtue of the consumption (VAT) tax.

      Feb 23, 2017 23:53 PM

      CFS – Your 2nd point was interesting and I hadn’t thought about it that way before.

    Feb 23, 2017 23:36 PM

    The electoral systems in both Holland and in France make it virtually impossible for Wilders or Le Penn to win. The best they can hope for in both cases is to get a really huge percentage of the votes.

    If either did get enough to win outright it would be a jaw-dropping swing to the right in either country and probably a death-blow for the EU and for muslim immigration.

    Feb 23, 2017 23:47 PM

    The whole lePen family are heros to me . i support the national front . Let france return to its roots , The almost 10% of French who are now muslim are problematic and certainly are not becoming European . People in rural France and especially south France support the National Front . on another note Why is President Huff and Puff , contridicting his own Sec. of State and Homeland Sec. while they are giving important speech in Mexico ?? Glad i did not vote for this Turkey . besto of health and wealth to you all S