Daily Alpha · Substack

Noahpinion says France needs austerity it cannot politically deliver

The article argues France needs austerity it cannot politically deliver, with taxes already the highest share of GDP in the rich world and the cost of insuring against a French default rising even more abruptly than yields.

Higher debt-service costs make it harder for France to raise the social spending protesters demand.

Watch French CDS relative to yields.

Rooster disclosed buying more SILJ after the market

Rudy & Rooster said they bought more of the SILJ silver-miners ETF after the market; no entry price, position size, timeframe or catalyst was given.

It is a disclosed addition to silver-miner exposure.