Latest Articles
The French Bond market threatens to become a crisis as yields widen and its’ politics look increasingly a zero-sum game. While we’ve been watching the antics in DC and the price of oil due to Iran, we’ve missed how swiftly a new European debt crisis has been brewing. If it deepens, it won’t be a simple repeat of 2010-12, which nearly crushed banks and triggered defaults. Europe’s second largest economy in crisis, and dispute with Frankfurt, could trigger even more massive instabilities.
The French Bond market threatens to become a crisis as yields widen and its’ politics look increasingly a zero-sum game. While we’ve been watching the antics in DC and the price of oil due to Iran, we’ve missed how swiftly a new European debt crisis has been brewing. If it deepens, it won’t be a simple repeat of 2010-12, which nearly crushed banks and triggered defaults. Europe’s second largest economy in crisis, and dispute with Frankfurt, could trigger even more massive instabilities.
Defence has become the hot new sector, but investors need to understand the geopolitical reality, military requirements, the need for adaptation, and how the battlespace is changing. Defence needs to connect capital to warfighting capabilities that can be deployed now, adapted swiftly, and manufactured in unprecedented volume. The most effective way for the West to win is to demonstrate the will and ability to do so – which is the most likely way to deter our enemies from attacking.
Robert Hillman is a highly experienced City Quant, with a legendary record. He’s also a great mate of Bill! He’s come up with a great analysis of the UK’s Triple Lock Pension policy – looking at it as an option... It's well worth reading if you want to figure out smart policy vs political games.
Yesterday UK premier Andy Burnham made clear the 15-year-old promise to keep rising the UK basic pension is going to change. The government will reinvest the cash it saves in a new national care service.
What should markets be thinking about Andy Burnham’s conference speech yesterday? Gilts look to be giving him the benefit of doubt. Good in parts? He spoke well, proposed some positive policies and ideas, and gave an impression of a confident, positive politician set to deliver. The real issue isn’t just can Labour hold the nation steady and reverse years of negativity and low growth, but can any of the other parties do any better given the constrained state of the national finances?
Markets are worrying about a short-term interest-rate/inflation triggered correction, but something deeper may be approaching – a convergence between market, economic and political failures. It may be time to hedge against consensus expectations of “it will all be fine” and focus on factors like national resilience in terms of what nations thrive and which won’t!
The current summit between Trump and Xi will likely become little more than a footnote in the history of the end of one economic empire and the emergence of the next. Xi has patience and has visited DC to let Trump do his thing, while he seeks time and stability to firmly establish China’s dominance. He is guided by the Sun Tzu dictum “Never interrupt your enemy while they are making mistakes.”
In Bond Markets there is truth – and they are flashing warning signals a systemic market reset is on the cards. As rates rise, the relative prices of all financial assets will be impacted as the price of money normalises. It’s a period of transition with a high chance of an unstable reset, which is magnified by QE setting a false expectation of long-term low rates, and the growing realisation financial systems will suffer from political incompetence.
Latest Podcasts
Latest Video Articles
October 2, 2026
The No-See-Um Market Crisis Emerges in France
October 1, 2026
The Need for Speed in the New Defence Sector
September 29, 2026
What kind of crisis is approaching?
September 25, 2026
Donald Trump – The President Who Made China Great Again
September 24, 2026
Bonds are set to roil markets with a reset!
Latest articles in other media
Bill Blain is a leading market commentator. He regularly contributes articles and appears on mainstream financial media. Here is a selection of recent external articles and appearances.
Guest Posts

July 4, 2025
Evolving the NHS – Property Chronicle
To see the article please click the link below. Evolving the NHS to cope with our aging population [...]

February 1, 2024
Crypto: The End is Nigh
Finally, I think the Bitcoin improbability bubble has burst.

December 15, 2023
European markets will suffer more than U.S. in 2024
Bill Blain says there will be risks during the fourth year of the U.S. presidential cycle, but more turbulence in [...]

November 6, 2023
When everyone says “Sell China” it’s time to be looking at the opportunities!
The Chinese Economy looks awful. I challenge readers to find anything positive written about it in recent weeks.
Podcasts & Videos
August 22, 2025
FED Powell Speech In Jackson Hole
Bill chats over a range of current subjects on the IG Expert Edge section of their daily "Trade Live with [...]
August 1, 2025
Amazon Fails to Deliver, Market Falls off ATH and more
Bill chats over a range of current subjects on the IG Expert Edge section of their daily "Trade Live with [...]
July 11, 2025
Trump Attacks Canada Over Fentanyl and more
Bill chats over a range of current subjects with Angeline Ong at IG









