Having already ‘dropped’ over one trillion dollars in 2017 to keep reality at bay, it appears the world’s central bankers are not about to let a French election mishap spoil the illusion.
Just as central bankers gathered at The BIS’ Basel Tower just says before the Brexit vote
, so judging by the statements today, the monetary manipulators stand ready to rescue markets once again should the first round of the French election ‘surprise’ the ‘free’ markets.
Brexit’s BTFD took a few days…
Trump’s election BTFD took a few hours…
And given the following comments, we expect any French ‘surprise’ (as investors fear that a potential run-off between eurosceptic candidates Marine Le Pen and Jean-Luc Mélenchon would raise questions about France’s future in the European Union, roiling financial markets and undermining depositor confidence), will be dismissed in minutes…
