The Meb Faber Show · Friday, October 23, 2026
Vincent Deluard draws parallels between Europe and Japan, stating that France is hitting every single marker of a severe debt crisis. He notes that France has a high sovereign debt with a big primary deficit financed by foreigners in a currency it cannot print, combined with an economy that does not grow and unpopular politicians.
“Europe today is where Japan was in 2011, 12, just uglier.”
“France has hit every single marker of a severe debt crisis”
“perfect hit for france we hit every single marker of a severe debt crisis”