Financial Commentary for Smart People

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Blain’s Morning Porridge central banks distortion Tech

Markets and how Tech is going to kill us all

Markets are fretting. Up one day and down the next? Do they believe in the dire fundamentals or inflation threat, or keep buying Central Banks juicing the markets? Never mind; hot disruptive tech stocks can only ever go up… But where do they eventually lead us? I suspect Tech will eventually kill us all…

Big Tech, Communication, Distruptive Stocks, markets
Bill Blain
July 21, 2021
2

To predict Europe’s future read some Japanese history..
July 23, 2021
The ECB has tweaked the words and now has low interest rates forever, and a new mandate to “tolerate” higher inflation. What will it achieve? To answer look at the failed 30 year experiment in Japan and the multiple parallels. The outlook for Europe as a global economic and innovative powerhouse looks shaky.Read More »
Markets are ignoring the new inflation reality
July 22, 2021
Markets have entirely recovered after their wobble earlier this week, but it’s based on a simple belief: central banks will stand behind markets. Investors are increasingly convinced inflation threats are irrelevant – and they are wrong to do so. Inflation risks are growing from immediate climate change, the costs of rising environmental instability and inflation leaching out of financial assets …Read More »
An Open Letter to Lutz Schueler, CEO of Virgin Media: Congratulations on your success in cutting out customers!
July 21, 2021
An open letter congratulating the CEO of Virgin Media, Lutz Schueler for perfecting the art of completely ignoring customers.Read More »
Freedom? Markets and Climate Chaos
July 19, 2021
Its “Freedom Day” in the UK, but it feels same as, same as. Bond markets look stressed, but freak weather is raising the probability government intervention dwarfing the scale of the pandemic may become necessary. There will not be a gradual, ordered progression to a new higher temperature climate. Instead… the reality looks like high-cost chaotic freak-weather events becoming increasingly …Read More »
Will China ever be as investible as the West?
July 16, 2021
The media is full of China noise – does the rising tension mean it may become un-investible? The Chinese economy is very different, but recognisably similar. Investment into China boils down to how effectively a capitalist economy can succeed in the face of government diktat, bureaucracy, and intervention – and on that basis it’s a proceed with caution market. Read More »