Out of France, a Tale of Two Clichés
The sick man of Europe who’s too big to fail.
Overtaking Italy.
Photographer: Nathan Laine/BloombergTo get John Authers’ newsletter delivered directly to your inbox, sign up here.
Politics doesn’t matter to markets, until it does. The last few days have brought political shocks severe enough to shake some of the deepest-held investment assumptions. The conclusions are concerning.