
French Market Dips Amid PM’s Confidence Vote Plans
All indicators are down, but the crisis is primarily political.

All indicators are down, but the crisis is primarily political.

As warnings of a Wall Street ‘correction’ grow louder, some European countries risk following suit. Others are more resilient.

Fear not the stock market. Fear politicians who use its drama as a pretext to do stupid things to the economy.

Financial markets are important to governments that need a lot of tax revenue to pay for their welfare states. The problem with taxes levied on financial markets is that they generate unstable revenue.