Tag Archives: New York

Jean Dujardin

French Entrepreneurs Can’t Afford To Fail

Jean DujardinI missed the morning routine today, lunch with old collegues took precedence, and by an amusing coincidence, the tête à tête became tête à tête à tête à tête.

The four of us ate in a crowded terrace in the 8th. Smoking permitted, of course. The lunch brought back fond memories, and I can’t help reflecting privately each time I see them. I say ‘privately’ because anyone who has spent time around the table with the French will know what it’s like getting a word in edgewise. It’s a type of tennis that I don’t play well, but the mix of qualities, vision and competence around the table made for a great match.

The French aren’t all public service employees working 35 hr weeks and taking 12 week vacations. Atleast this caricature doesn’t fit these particular Parisians who have invested years of their energy building a profitable, competitive company. Hiring an American didn’t hurt, but that’s another story… They’re personally invested for several reasons, but one important (though hard to admit) one, is that they won’t easily find a home elsewhere. I can’t speak to their intentions, they’ve each profited well and in their own manner, but sharing (or listening to) a political discussion with these business owners under no illusion about the current French President, and his particular policy decisions, makes me wonder if France is a ticking time bomb.

Continue reading

Bailout Halflife

$ES_F at 50% retracement…

I’m half back from vacation, half interested in speculating on the weakening Eurozone, half sure the G20 headlines are going to move the markets but I’m a bit more than half interested in my November put spreads…

I impatiently exited some $ES_F shorts today, my stops were too tight, and I knew it. Live and learn, that’s another thing I have to more than half work on improving.

Continue reading

Social Unrest or Frappiccino

Just when the markets start to get back to the business of reporting earnings. Just when the markets start behaving ‘normally’, all the rest of the world starts looking out-of-sync.

The irony came fast and furious this week:

  • Ben and Jerry’s ice-cream and a growing group of protesters near Wall Street. (Known on twitter as  #OWS, or #OccupyWallStreet.)
  • Steve Jobs and his billions in wealth, genius, and factories in China.
  • Berlusconi’s confidence vote, while charges were dropped against DSK.
  • Gold jumps on unrest in north-africa and ignores unrest in NY and Washington.
  • A Giving Pledge or a No Giving Pledge? Starbucks will be serving at a protest near you, soon.
  • Corn mazes and 9-9-9.
  • Drug Cartels, Iran, Oil Cartels. Read WMD’s… Or not…
  • Google+ use surges, but nobody is using it.

What’s the weekend have in store?