Armstrong Economics Blog/France
Re-Posted Feb 22, 2020 by Martin Armstrong
Ever since the civil unrest began on May 5, 2013, there has been escalating economic tension within France. A lack of economic growth has plagued France and Europe as a whole. The French share market peaked in 2000 and has been unable to elect ANY Yearly Bullish Reversals to date, and 2018 appears to be no different for this year’s closing. With the insane taxes of Hollande, the rich French invested outside the country. Without private investment, there is no job creation of any worthwhile level. This is what the Socialists refuse to consider.
This latest series of popular rebellions erupted on November 17, 2018, and has spread quickly via social media, with protesters blocking roads across France and impeding access to shopping malls, factories, and some fuel depots. They gather at the Arc de Triomphe, chanting “Macron Resign” and writing graffiti on the Arch itself: “The yellow vests will triumph.”
I previously warned: “We will see that risk erupt by 2020 or 51.6 years from the May 1968 cultural revolution.” The tensions have not subsided, but instead, they have begun to escalate.