Quelle Surprise

The decline of France continues unabated.

It seems unlikely that France will have a 2025 budget…A provisional budget, likely mirroring the 2024 budget, will probably be implemented….The public deficit is expected to exceed 6% of GDP in 2024. The Barnier government had hoped to reduce it to 5% by 2025, but without a budget voted for in 2025, this target will not be met. The provisional budget will be slightly restrictive, as tax scales will not be adjusted for inflation, but will not contain any real savings measures.

The 10y yield spread of French government bonds over their German peers widened to 88bp on Monday.

The Power Of No

Toronto Sun;

A Northern Ontario mayor who was fined for voting against flying a Pride flag at his town hall says he will not be bullied into paying the $5,000 penalty.

Nor will Mayor Harold McQuaker be taking LGBTQ training as he has been ordered to by the Ontario Human Rights Commission (OHRC).

And, McQuaker, insisted he won’t cave to demands that he must host a Drag Time story hour in the local library, either.

Good for him.

The Great Toronto Condo Crash

Toronto [Pre-Construction] Condos became wildly miss priced 6 years ago

And no one cared

People just kept on buying with a ridiculously false belief rents would increase massively & mortgage rates would be 2.49% forever

Buyers would snap up Pre-Con Condos at $1250 per sqft when Re-Sale Condos across the street were offered at $825 per sqft

WTF? It made no sense

It did not. And now the sense is remaking.

One Flu Out Of The Wuhan Nest

Eric Daugherty;

🚨 #BREAKING: The House COVID Committee has released its final report after a 2-year investigation.

MAJOR FINDINGS:
– The NIH funded gain-of-function research at the Wuhan lab.
– The Constitution can’t be suspended in times of crisis.
– COVID emerging from a lab leak is “not a conspiracy theory.”
– EcoHealth and Dr. Peter Daszak should “never again” receive taxpayer funds.
– Public health officials have lost the trust of the people.
– Trump’s Operation Warp Speed was a success.
– The COVID response was “rampant” with fraud, waste and abuse.
– “The prescription cannot be worse than the disease,” lockdowns had horrific consequences.

520 page report here

Blog Notes

I’ve had a couple of reports that the site isn’t accessible to some people, (or accessible by cellphone data but not wifi). I have no idea what’s going on, nothing has been changed in the firewall rules but if you’re experiencing the same (and can read this through some other means), drop the details in the comments.

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