{"id":39595,"date":"2018-10-23T07:40:30","date_gmt":"2018-10-23T12:40:30","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39595"},"modified":"2018-10-23T07:40:30","modified_gmt":"2018-10-23T12:40:30","slug":"blain-we-are-finally-approaching-the-end-phase-of-the-2008-global-financial-crisis","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39595","title":{"rendered":"Blain: &#8220;We Are Finally Approaching The End Phase Of The 2008 Global Financial Crisis&#8221;"},"content":{"rendered":"<div id=\"block-zerohedge-page-title\" class=\"block block-core block-page-title-block\">\n<h3 class=\"page-title\"><a href=\"https:\/\/www.zerohedge.com\/news\/2018-10-23\/blain-we-are-finally-approaching-end-phase-2008-global-financial-crisis\"><span class=\"field field--name-title field--type-string field--label-hidden\">Blain: &#8220;We Are Finally Approaching The End Phase Of The 2008 Global Financial Crisis&#8221;<\/span><\/a><\/h3>\n<\/div>\n<div id=\"block-zerohedge-content\" class=\"block block-system block-system-main-block\">\n<article class=\"node node--type-article node--view-mode-full\" role=\"article\" data-gtm-vis-recent-on-screen-2077925_22=\"1094\" data-gtm-vis-first-on-screen-2077925_22=\"1094\" data-gtm-vis-total-visible-time-2077925_22=\"100\" data-gtm-vis-has-fired-2077925_22=\"1\">\n<footer class=\"node__meta\">\n<div class=\"submission-wrapper\"><\/div>\n<\/footer>\n<div class=\"node__content\">\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><em>Blain\u2019s Morning Porridge, Submitted by Bill Blain<\/em><\/p>\n<blockquote><p><em>\u201cI found Rome a City of Bricks and left it a City of Marble.\u201d<\/em><\/p><\/blockquote>\n<p><strong><u>In the Headlights this morning<\/u><\/strong> &#8211; see <a href=\"http:\/\/www.morningporridge.com\/\">www.morningporridge.com<\/a> for some of the stories I\u2019m watching:<\/p>\n<p><strong>Debt Leverage: <\/strong>Interesting quote I came across y\u2019day. Which country are we talking about? A) Germany, B) Italy, C) China or D) US?\u00a0 10 points for the first correct answer. (And remember points mean prizes): <strong><em>\u201clocal credit rating agencies have applied absurdly optimistic standards, giving top ratings to companies that rank among the most highly leveraged in the world.\u201d<\/em><\/strong><\/p>\n<p><strong>Global Markets?<\/strong><\/p>\n<p>Null Entrophy sums up the market\u2019s current energy. Stocks seem to have lost their mojo. Even a major boost from the Chinese government expressing its love for the market failed to restore the mood. Indices have stalled. Funnily enough \u2013 a number of portfolio managers tell me we seem to be getting to equity price levels where dividend yields make sense for traditional economy names.<\/p>\n<p>Meanwhile, I\u2019m being told by some fixed income managers they see value in current yields in the face of potential global slowdown. Whether they are right or wrong depends on where the global economy goes and if central banks hold their tightening course. (That said, I\u2019ve got to giggle when certain commentators are calling for central banks to ease to save stock markets \u2013 FFS! that would be an absolute abrogation of the Invisible Hand, and a far greater offense than bailing out banks\u2026 markets need creative destruction to evolve and function!)<\/p>\n<p>What\u2019s really happening? There is a very serious reassessment of trends and expectations underway in both bonds and stocks which could spell trouble all round! It feels like we are finally approaching the end-phase of the 2008 Global Financial Crisis\u2026<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Blain: &#8220;We Are Finally Approaching The End Phase Of The 2008 Global Financial Crisis&#8221; Blain\u2019s Morning Porridge, Submitted by Bill Blain \u201cI found Rome a City of Bricks and left it a City of Marble.\u201d In the Headlights this morning &#8211; see www.morningporridge.com for some of the stories I\u2019m watching: Debt Leverage: Interesting quote I [&hellip;]<\/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":[22536,15674,195,22537,8222,661,8701,662,8625],"class_list":["post-39595","post","type-post","status-publish","format-standard","hentry","category-economics","tag-2008-global-financial-crisis","tag-bill-blain","tag-debt","tag-debt-leverage","tag-great-financial-crisis","tag-qe","tag-qt","tag-quantitative-easing","tag-quantitative-tightening"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39595","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=39595"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39595\/revisions"}],"predecessor-version":[{"id":39596,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39595\/revisions\/39596"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}