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France's Debt Spiral: Tax Hikes Mask A Looming Crisis
France's Debt Spiral: Tax Hikes Mask A Looming Crisis
Submitted by Thomas Kolbe
On both sides of the Franco-German border, the same problem persists: overburdened and reform-averse politicians struggle against a rapidly accelerating debt spiral. Their preferred tool: higher levies.
Last week, France’s Finance Minister Roland Lescure reported a revision of the projected budget deficit for the current year.
Initial estimates for 2026 had suggested a deficit well above five percent. Yet numerous fiscal measures brought last year’s deficit down to 5.1%. For 2026, the Finance Ministry expects it to stabilize at around...
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May 13, 2026 / Jason Ditz
Israeli Troops Raid Villages in Southwest Syria, Detain Civilian
Israeli troops have carried out multiple raids against villages in Daraa and Quneitra Governorates on Wednesday, according to Syrian state media. The raid in Daraa targeted the oft-raided village of al-Maraiyah, and involved the detention of a local for unknown reasons. Locals reported a growing amount of Israeli drones in the area ahead of the […]
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Jun 12, 2026 / Tyler Durden
"They All Believe That Taiwan's Part Of China", Former Reagan Advisor On Chinese Nationalism
"They All Believe That Taiwan's Part Of China", Former Reagan Advisor On Chinese Nationalism
Iran is dominating headlines, but Washington’s favorite bipartisan monster abroad is never too far from the sights of the hawks. Just days ago, and while the U.S. is fighting a war, Kentucky Senator Mitch McConnell scolded Marco Rubio for pausing a weapons shipment to Taiwan.
Last night, ZeroHedge hosted opposing think tankers to answer the question that DC likes to keep ambiguous: Should the U.S. defend Taiwan if China invades?
In the “no” corner was Doug Bandow, senior...
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Jul 13, 2026 / Tyler Durden
Comfortably Bomb
Comfortably Bomb
By Michael Every of Rabobank
Hormuz update: Comfortably Bomb
Summary
The US-Iran MoU appears to have collapsed sooner than we had thought.
With both sides striking the other, US efforts will turn to ensuring energy can flow through Hormuz ‘the hard way’ via escorting ships through it.
For now, markets are saying the US can ‘comfortably bomb’ and ‘there is no pain’ even if the ‘MoU are receding’, mostly due to finite SPR drains and low Chinese oil imports.
That gives the US a window for action: if it can...
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