{"id":41314,"date":"2018-12-05T08:53:47","date_gmt":"2018-12-05T13:53:47","guid":{"rendered":"https:\/\/olduvai.ca\/?p=41314"},"modified":"2018-12-05T08:53:47","modified_gmt":"2018-12-05T13:53:47","slug":"blain-are-we-backing-the-wrong-country-in-the-saudi-iran-race","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=41314","title":{"rendered":"Blain: “Are We Backing The Wrong Country In The Saudi-Iran Race”"},"content":{"rendered":"
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Blain: “Are We Backing The Wrong Country In The Saudi-Iran Race”<\/span><\/a><\/h3>\n<\/div>\n
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As excerpted from Blain’s Morning Porridge<\/a>, submitted by Bill Blain<\/em><\/p>\n

Where do we go from here?\u00a0\u00a0<\/strong><\/p>\n

I\u2019ve said it a few times already \u2013 2019 is likely to see the start of the New Market Reality. Although some pundits claim yesterday\u2019s sell-off was due to automated algo\u2019s triggering a crash because they misread the US yield curve inversion \u2013 bad programming they claim – the reality is markets are extremely nervous: of the recessionary signals the inversion shows, slowing economic numbers, the prospects for trade war accelerating recession, etc. The US economy may be a full employment and growing, but where does it go from here as the rest of the globe falters, housing collapses, Auto sales plummet and everyone worries just how they are going to pay off student loans, mortgages and credit cards?<\/p>\n

Markets have reversed polarity on Trump.<\/p>\n

Peak Trump Bullshit means we just switched from positive to negative. Don\u2019t think about what can go right as Trump forces through trade deals, tax cuts, a compliant Fed, etc. Think about Trump negatives \u2013 forget the FED put. Forget overly-optimistic valuations based on rosy global growth projections, and the belief very smart people will make bright shinny things brighter and shinier. Next year is going to be about real stuff, like how you going to sell this commodity (be it an electric car, swanky mobile phone with a fruit logo, or avacados. Why avocados\u2026? because.. just because.) Consumption vs recession. Ouch.<\/p>\n

Markets are being roiled by politics, soiling themselves on trade war panics, scared witless by mounting populism and its pay-off:<\/p>\n

\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":"

Blain: “Are We Backing The Wrong Country In The Saudi-Iran Race” As excerpted from Blain’s Morning Porridge, submitted by Bill Blain Where do we go from here?\u00a0\u00a0 I\u2019ve said it a few times already \u2013 2019 is likely to see the start of the New Market Reality. Although some pundits claim yesterday\u2019s sell-off was due […]<\/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":[15674,23143,7844,303,1849,441,701,827,3650,4318],"class_list":["post-41314","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-bill-blain","tag-blains-morning-porridge","tag-donald-trump","tag-fed","tag-financial-markets","tag-iran","tag-saudi-arabia","tag-united-states","tag-us-federal-reserve","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41314","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=41314"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41314\/revisions"}],"predecessor-version":[{"id":41315,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41314\/revisions\/41315"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}