IMF just told France to fix their mess or get wrecked by bond markets.
French 10Y yields hit 4.8%+ — now paying MORE than Italy to borrow. Let that sink in.
Deficit at 5.1% GDP. Debt at 116% GDP. Markets want proof they'll cut spending. No signal = higher yields = debt spiral.
This is the playbook: borrow too much → rates rise → can't afford the debt → forced austerity or print.
France isn't alone. Watch sovereign debt blow up across Europe while the Fed holds rates high. Liquidity crunch incoming.
Bullish for hard assets. Bullish for $BTC.
French 10Y yields hit 4.8%+ — now paying MORE than Italy to borrow. Let that sink in.
Deficit at 5.1% GDP. Debt at 116% GDP. Markets want proof they'll cut spending. No signal = higher yields = debt spiral.
This is the playbook: borrow too much → rates rise → can't afford the debt → forced austerity or print.
France isn't alone. Watch sovereign debt blow up across Europe while the Fed holds rates high. Liquidity crunch incoming.
Bullish for hard assets. Bullish for $BTC.