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Saturday, April 22, 2017

French elections

In France, If Le Pen Cracks 30% 'She Could Win It All'


France's presidential election on Sunday promises to rile a lot of people.  Depending on where they sit on the ideological spectrum, political junkies will blow a fuse. Wall Street, meanwhile, will be preparing for the future of the euro.
Of the political noise, Salon.com serves as case in point, now wondering whether democracy has died (because their team hasn't won enough votes yet.) This is sort of like a Trump vs Hillary II, starring nationalist Marine Le Pen as Trump and establishment candidate Emmanuel Macron as Hillary, for lack of a better candidate. In the market, odds gamblers at PredictIt.org have Le Pen getting the most votes in the first round. If she gets over 50% -- a shocker -- there will be no run-off scheduled for May 7.  If she gets over 30% of the votes on Sunday, however, she will go into May with massive momentum on her side.

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