This is not a storm, a hurricane this way comes.
Readers of a sensitive nature may wish to take a chill pill before reading this morning’s Porridge comment. Remember, the sun will come up tomorrow. The market might not.
Blain's Morning Porridge
Financial Commentary for Smart People
Blain's Morning Porridge
Financial Commentary for Smart People
Category UK
A winter of discontent will replace the glorious summer – and why railways matter!
As summer wends towards its end, a winter of populist discontent from left and right will make Europe increasingly fraxious. While the US economy will likely be on path to recovery – Europe will still be trending down.
Winter is Coming for the UK
The outlook for the UK looks increasingly grim. There are few reasons to hope a new government can reverse the mounting consumer fears, stagflation and the growing sense of decline.
Ding Dong, Inflation is dead… but probably isn’t so don’t get your hopes up yet…
The pace of US CPI inflation moderated slightly, but it’s too early for the market to conclude rate hikes are over. There are many imbalances still to resolve – especially in consumer credit. Meanwhile, the new UK premier’s clumsy attempts to blame the BOE raise questions.
Inflation: what if its higher for longer? Bonds or Equity?
There are lots of outlooks and scenarios on the inflation threat: what if its longer and turns stagflationary, and just how much more destabilising would the fraxious global economy become?
Explaining UK Politics and Why Brexit is the Real Hurdle
Politics matter in markets – and despite a new Premier, the UK will likely remain far from fixed and a long way from political stablity. The problem is finding a pragmatic approach to Brexit.
How the BBC is destroying the UK – Wimbledon and Glastonbury!
Shock new data unveils the BBC’s plans to destroy the UK economy through Wimbledon and Glastonbury overkill. Maybe we should just cancel June and July?
What a week – recession threats and political instability causes markets to rally!
The world is watching for signs confirming global recession, so naturally markets have rallied (!). Political instability is resolved to be replaced with some bleak truths and spending choices. So.. steady at the wheel, nothing to worry about then?
The UK? Who would want to be Chancellor now, and what did Boris promise him?
The tragedy of Boris Johnson continues. The question is not why did they leave, but why have others remained in the bunker with him. Just what has Boris promised the new Chancellor, and does what is good for Boris coincide with what is good for the UK?
The UK should lead by spending more on Defence – we can!
Inflation is increasing the burden of the UK’s debt, but it’s been well managed and should not impact as heavily as it might in other highly indebted nations. We can probably afford to spend more – especially in Defence, the primary duty of any state.