Never even contested an election before this year. It really has been an astonishing year in french politics. Emmanuel macron, the young, fresh phrased, road business, ardent european. About to be inaugurated pro business. He trounced his rivals in the elections, a resounding vote in support of a man who only set up his en marche party about a year ago. We are already hearing, by the way, just you know, just to let you know, that we will expect him to appoint his Prime Minister to morrow. We have heard that in the last few minutes. The Prime Minister will be appointed tomorrow and the government will be formed on tuesday. That is what sources close to Emmanuel Macron are telling us. That is the scene there in Central Paris, as we await the formalities of the inauguration and, of course, the french do these things with wonderful and grandeur and lets go to my colleague who was there watching it all unfold. A rather drizzly morning there in paris, we can tell from your umbrella 7 drizzly
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high. i don t like to buy things making all-time highs, but when they go down, i start to buy more. that includes all commodities. okay. on the macropicture, jim. if we look at what s going on. oil prices getting to these levels again. gold, as you said, an all-time high. the inflation, world creeping problems in europe, and the u.s. not strong enough yet to start tackling unemployment. how does an investor play all of this? is it as simple as putting all your money in commodities? well, in the 1970s, stock markets around the world did badly, just as they did badly for the last ten years or so in the west. except the only ones were raw materials stocks. that s happening again. the raw materials stocks are the best part of stock market. they were before.