Financial Commentary for Smart People
Financial Commentary for Smart People
“Tell him I’ve just worked out a completely new strategy. It’s called running away.” Not a lot to cheer in markets this week as politics and Covid dominate the stage. The slide in European stocks highlights increasing concerns for what…
“Their aim is not to destroy us, but simply to author us and profit from that authorship.” The new head of the UK’s security services, M15 said y’day: “You might think in terms of the Russian intelligence services providing bursts…
Blain’s Morning Porridge – Sept 17 2020: An Apple a Day makes you broke “Central bankers all acknowledge in private that low rates are like rocket fuel for asset prices; indeed, this is considered a key transmission channel for monetary…
Blain’s Morning Porridge – May 20th 2020 – Bad? Buy Stocks? “When things in life are rotten, there’s one thing you’ve forgotten…” New Morning Porridge Lite-Bite Video: The European Recovery Fund.. It’s fascinating to read US Online Brokerages have attracted…
Blain’s Morning Porridge – May 5th2020 “He’s so fluffy I’m going to die…” A BBC producer once told me about the risk assessment she was required to complete before filming at a market in Wales. She quietly added “superglue to…
Blain’s Morning Porridge – April 30th 2020 “I dinnae think she can tak any more, Captain…” I can’t understand why US stock markets didn’t hit record highs last night? What’s wrong with the Yanks? Didn’t they read Gilead Sciences report…
Blain’s Morning Porridge – April 27th 2020 “The vicissitudes of fortune, which spares neither man nor the proudest of his works, which buries empires and cities in a common grave.” It feels like the various market threads are now coming…
Blain’s Morning Porridge – April 16th 2020 “It was a closest run thing you ever saw in your life…” Markets stumbled y’day – caught between hopes the global economy will shortly reopen versus the increasingly dire economic outlook and the…
Blain’s Morning Porridge – Feb 26th 2020 “Failure is not falling down, but not getting back up again..” Someone important in the Hong Kong Government reads the Morning Porridge! Last week I was talking about the use of “Helicopter Money”…
Blain’s Morning Porridge – February 13th 2020 “Jaguar earlobes! Wolf nipple chips, get em while they’re hot.. Dromedary pretzels, only half a dinar. Tuscany Fried Bat.. ” Interesting on the train this morning – someone started coughing and the whole…