{"id":24795,"date":"2017-08-22T07:28:24","date_gmt":"2017-08-22T12:28:24","guid":{"rendered":"http:\/\/olduvai.ca\/?p=24795"},"modified":"2017-08-22T07:28:24","modified_gmt":"2017-08-22T12:28:24","slug":"bill-blain-there-is-a-last-days-of-rome-feel-to-the-news-these-days","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=24795","title":{"rendered":"Bill Blain: There Is A “Last Days Of Rome” Feel To The News These Days…"},"content":{"rendered":"

Bill Blain: There Is A “Last Days Of Rome” Feel To The News These Days…<\/a><\/h3>\n
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By Bill Blain of Mint Partners<\/a><\/em><\/p>\n

Blain\u2019s Morning Porridge \u2013 August 22nd 2017<\/strong><\/p>\n

\u201c\u201dForty-two,\u201d said Deep Thought, with infinite majesty and calm.\u2026 \u201d<\/em><\/p>\n

I\u2019m wondering if I\u2019ve stumbled into a parallel universe after coming back to the office yesterday. Its too damn quiet out-there! Everybody else is apparently still on holiday. It\u2019s scary. Every headline is about thin markets or how markets have shrugged off last week\u2019s sell off.. (what about next week\u2019s?) There doesn\u2019t seem to be anyone actually at their desks\u2026 That\u2019ll change\u2026<\/p>\n

This week? Since no one is out there.. I can say what I like.. It\u2019s no wonder news flow noise is being magnified out of proportion..<\/p>\n

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It used to be the summer was the right time for big Jackson Hole style gatherings \u2013 safe on the basis holiday markets weren\u2019t paying much attention. Central bankers\/economists\/investors and other influencers could gab and pontificate without upsetting anyone. But today.. well maybe there are just too many journalists, bloggers and other market parasites just desperately keen to make sure folk are acting upon their supremely important insights into what Stephen Mnuchin\u2019s wife <\/a>was wearing during his visit to Fort Knox and what it means for global asset prices.<\/p>\n

There is a \u201clast days of Rome\u201d feel to the news these days\u2026<\/strong><\/p>\n

But some stuff is still well worth thinking about, so I have to comment on a great Bloomberg Article this morning: \u201cUnintended Consequences of Quantitative Easing<\/a>\u201d by Jean-Michel Paul.<\/p>\n

Regular readers of the morning porridge will know I\u2019ve been deeply suspicious about QE since Day 1. I\u2019ve been writing about the dangers of QE and asset price inflation, for years. Cassandra like, I\u2019m probably right to be concerned, but was anyone listening?<\/p>\n

THEY ARE NOW!<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Bill Blain: There Is A “Last Days Of Rome” Feel To The News These Days… By Bill Blain of Mint Partners Blain\u2019s Morning Porridge \u2013 August 22nd 2017 \u201c\u201dForty-two,\u201d said Deep Thought, with infinite majesty and calm.\u2026 \u201d I\u2019m wondering if I\u2019ve stumbled into a parallel universe after coming back to the office yesterday. Its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[15674,15675,661,662,1024,4318],"class_list":["post-24795","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bill-blain","tag-mint-partners","tag-qe","tag-quantitative-easing","tag-rome","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24795"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24795\/revisions"}],"predecessor-version":[{"id":24796,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24795\/revisions\/24796"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}