All eyes are on France this week, as the nation dives headfirst into a contentious election that could have a massive impact on global politics.
After 8 years of Barack Obama’s ultraliberal presidency, the people of the United States emphatically chose to move away from the leftist, globalist paradigm with the election of Donald Trump as President in 2016.
As goes the United States, so goes the world. The U.S. has been at the forefront of cultural and economic change for nearly its entire existence, and politically, it has been the premiere purveyor of trends for well over a century. After Americans elected leftist democrat Barack Obama in 2008, it seemed inevitable that the world would take on a much more liberal slant. Media outlets such as CNN and MSNBC, who were already extremely progressive and biased, seemed to galvanize their vitriol, with their views and self righteous opinion of themselves being weaponized.
The rest of America, on the other hand, gazed at the presidency of Obama in a much different light. Not only was his being a democrat cause for nearly immediate concern given the party’s long history of corruption and obstruction, but the man also possessed views that damn well near bordered on socialism. After Barack Obama was elected to a 2nd term, it was high time that the right side of American politics did some galvanizing of their own.
As the lame duck term carried on, there was a severe and secret conservative uprising in America. The silent majority was back, and it was ready to oust Barack Obama and his virtual 3rd term, Hillary Clinton.
Then, in the wee hours of the morning on November 9th, 2016, Donald J. Trump was announced as the President-Elect of the United States, carrying an astounding percentage of women voters – a demographic that the Hillary campaign has clearly taken for granted. Conservatives could finally squirm out from under the oppressive thumb of the left and have a voice within our national discussion.
That revelation of political allegiance in the United States may very well be remembered as a watershed moment in global history. Trump’s meteoric rise and immediate results have ushered in a new wave of conservative political powerhouses such as Marine Le Pen in France. Much like Trump’w 2016 campaign, Le Pen is a bit of a political outsider who has united the working class of the nation behind her.
Now, one famous statistician believes that she has the election in the bag.
“Markets are underpricing the prospect of Marine Le Pen emerging victorious in the French election as a sea of undecided voters throws into sharp relief pronounced apathy for center-leftist Emmanuel Macron — the front-runner by a whisker — and the backlash against the European Union project.
“That’s the conclusion drawn by Charles Gave, founder of Hong-Kong based asset-allocation consultancy GaveKal Research, who predicted the triumph of Donald Trump in the U.S. election, and is now betting on a win for the anti-euro National Front candidate.
“’Le Pen’s momentum is a slow-moving reaction against the men of Davos — as we have seen with Brexit and Trump — but markets don’t want to believe it,’ he said by phone before the first round of the French poll on April 23.
“Given the prospect of a Le Pen victory, Gave, who has been researching tactical asset allocation for more than 40 years, is advising clients to adopt long positioning in the pound as the U.K. would benefit from haven bids, and shorts on inflation-linked German bonds amid the risk of deflation in the euro area.”
If Le Pen is able to take the French presidency, the response from the markets will almost certainly be a rapid increase in optimism, much like what occurred shortly after Donald Trump’s victory was made official.