{"id":39847,"date":"2018-10-29T07:05:16","date_gmt":"2018-10-29T12:05:16","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39847"},"modified":"2018-10-29T07:05:21","modified_gmt":"2018-10-29T12:05:21","slug":"blains-morning-porridge-29-oct-2018","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39847","title":{"rendered":"Blain’s Morning Porridge – 29 Oct 2018"},"content":{"rendered":"
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Blain’s Morning Porridge – 29 Oct 2018<\/a><\/h3>\n<\/div>\n<\/div>\n
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\u201cWe are not now that strength which in old days, moved earth and heaven, that which we are, we are;\u201d<\/span><\/strong><\/p>\n

I\u2019m up in Edinburgh for a few days, so Porridge might be a bit sporadic this week. Will try to keep it updated.<\/p>\n

UK will be distracted by UK Budget. Loads of stuff in the papers – so I won\u2019t bore you further\u2026<\/p>\n

Instead, I\u2019m adding a new list to my list of Blain\u2019s Market Mantras: \u201cThe deeper you delve into a problem you perceive to be the next crisis, the more certain you can be it will erupt somewhere else.\u201d*<\/span><\/p>\n

Politics are a major driver of market sentiment. As the US is front and centre of global growth, the market is fixated on the looming US mid-terms. This morning there are plenty of headlines about Germany.. concluding Merkel had a narrow escape in the Hesse elections. The CDU got a spanking, but it was the SDP that suffered the usual fate of Merkel\u2019s coalition partners – a complete shoeing. Analysis and commentary seems somewhat relaxed about it.<\/p>\n

I reckon there is more to come. Despite some reassuring post result comments from the SPD, the sustainability of the coalition in doubt as the CDU wakes up to the reality of Merkel past her sell-by date, and Europe heads into a very dangerous 2019.<\/p>\n

I did joke earlier this month \u2013 who gets chopped first? May or Merkel?<\/p>\n

I suspect the noise we heard from the East last night was the prelude to Merkel\u2019s Gotterdamerung. A slow motion crisis as German politics unravels could prove a massive distraction for Europe. It\u2019s certainly worth keeping a close eye upon.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Blain’s Morning Porridge – 29 Oct 2018 \u201cWe are not now that strength which in old days, moved earth and heaven, that which we are, we are;\u201d I\u2019m up in Edinburgh for a few days, so Porridge might be a bit sporadic this week. Will try to keep it updated. UK will be distracted by […]<\/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":[2,5],"tags":[1890,15674,359,22663],"class_list":["post-39847","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-angela-merkel","tag-bill-blain","tag-germany","tag-morning-porridge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39847","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=39847"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39847\/revisions"}],"predecessor-version":[{"id":39848,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39847\/revisions\/39848"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}