Macron is not looking good.

Macron came in a reform minded President.
Nothing wrong with that indeed France needs that HOWEVER he made two mistakes.

• The first is we saw way back in 2012 you move on labour market de-regulation when the economy is strong not weak.
• The second is a very french mistake. You know the best solution but you do not explain the policy and certainly not the benefits of the policy. The people must simply comply with the policy. Politicians of every colour and hue in France do this and demonstrations are the result, often quite violent and sometimes some politicians no longer have their jobs. It is bad for democracy.

Macron won because of his opponent . He is like Trump very vulnerable at the next Presidential election.

Here is Tyler Cowen.