France’s economy is a rotting husk, and its leaders are complicit. Debt at 113% of GDP, a 5.5% deficit, bond yields topping Greece’s, it’s a fiscal bloodbath. Britain’s 101% debt-to-GDP is ugly, but France’s 57% state spending is a gluttonous beast eating its own entrails. Politicians shuffle numbers while markets lay bare their incompetence.
It may be worse, but they have a seven letter solution…Germany! Britain has only three …IMF https://t.co/lqESxNByRh
— CrossBorder Capital/ GLIndexes (@crossbordercap) September 2, 2025
Good Morning from #Spain, which still has the highest unemployment rate in Europe at 10.4%, despite a booming economy & housing market. The culprit is Spain’s rigid labor rules, which have created a two-tier system dominated by temporary contracts. Precarious jobs are common,… pic.twitter.com/FMlhfiI6TO
— Holger Zschaepitz (@Schuldensuehner) September 2, 2025
Good morning from Spain where the EU "engine of growth" just posted:
199,300 jobs destroyed in August. The third worst August figure in 17 years and bloating the affiliation with 600,000 multiple job holders.
1 in every 4 unemployed in euro area are in Spain.
Unemployment rose…
— Daniel Lacalle (@dlacalle_IA) September 2, 2025
Ho Lee Fuk pic.twitter.com/BwhtyUP7uE
— The Great Martis (@great_martis) September 2, 2025
*FRENCH 30-YEAR YIELD RISES ABOVE 4.5% FOR FIRST TIME SINCE 2011
*UK 30-YEAR YIELD CLIMBS TO 5.66%, HIGHEST SINCE 1998
race to global YCC right on schedule
— zerohedge (@zerohedge) September 2, 2025
Bond chaos hits UK Japan and US global markets tremble metals break out.
Credit to @KobeissiLetter for his sharp thread on the UK’s bond and fiscal crisis. He highlighted the surge in gilt yields, the widening deficits, and the BoE’s impossible tradeoff. Where I’ll take it further is by connecting these signals into the bigger picture of how they fit… https://t.co/1kedGIXVPE
— EndGame Macro (@onechancefreedm) September 2, 2025
This chart says it all:
The UK has been running wartime fiscal deficits as a % of GDP despite the last war on UK soil being WW2.
The UK is literally seeing deficits as a % of GDP that are at French Revolutionary and Napoleonic War levels.
What is happening here? https://t.co/MX4dNr94ne pic.twitter.com/Yr06L0Gghs
— The Kobeissi Letter (@KobeissiLetter) September 1, 2025