UBS's Haefele on French Political Turmoil, Markets

The video discusses the stock market's inability to price in political risks, particularly in France, and how this affects economic growth in Europe compared to the United States. It also examines the potential impact on bonds and whether current mechanisms can prevent a crisis similar to the Euro crisis. The discussion highlights ongoing issues like growth, debt, and population in Europe, while noting better growth and political dynamics in the United States.

What does the stock market's behavior in France suggest about its ability to price in acute political risk?

How might the issues in Europe impact growth compared to the United States?

What are the potential implications of a topping French government on the bond market?

In what ways does the current situation in France differ from the Euro crisis?

What factors contribute to the ongoing problems of growth and debt in Europe?