{"id":49514,"date":"2019-11-11T08:56:47","date_gmt":"2019-11-11T13:56:47","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49514"},"modified":"2019-11-11T08:57:18","modified_gmt":"2019-11-11T13:57:18","slug":"blains-morning-porridge-november-11th-2019","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49514","title":{"rendered":"Blain\u2019s Morning Porridge – November 11th 2019"},"content":{"rendered":"\n

BLAIN’S FINANCIAL PORRIDGE – NOV 11TH 2019<\/a><\/h3>\n\n\n\n
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\u201cJohnny Turk he was ready, he primed himself well. He rained us with bullets and showered us with shell. In five minutes flat he\u2019d blown us all to hell. . \u201d<\/em><\/p>\n\n\n\n

Last week stock markets staged a spectacular rally off the back of the \u201cimproved\u201d trade outlook. Bonds have reversed. But despite equities sitting at all-time highs, it\u2019s time to step back and focus on where this goes next.  Next few days will see the US impeachment hearings ratchet up \u2013 raising the prospect of market dislocation.  I\u2019ve been reading missives from Republican and Democrat supporting chums and the issue of either getting behind Trump (no matter how bad he is) to keep the Democrats out, or TINA to getting rid of Trump. It looks as polarising as Brexit has become in the UK.  The threat of politics overtaking reality is worrying \u2013 and the market doesn\u2019t seem that bothered about the implications for The US\u2019 credibility, the Fed and the dollar.  Are we bothered? Slightly. <\/p>\n\n\n\n

Political instability remains the name of the game from the US, Hong Kong, The UK, and this morning, Spain. (And, add Italy and Germany to the list..) <\/p>\n\n\n\n

One of the key factors driving stocks higher in the wake of a trade \u201caccommodation\u201d rather than a peace treaty is momentum \u2013 markets want to go higher, anticipating growth. But the market is equally driven by the volume of cash ready to be thrown at it.  There is no shortage of ready liquidity – in this sense of too much easy money chasing too few assets, rather than liquidity: \u201cwho wants to buy this\u201d conundrum.  When there is too much cash around the market can remain irrational for longer\u2026<\/p>\n\n\n\n

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

BLAIN’S FINANCIAL PORRIDGE – NOV 11TH 2019 \u201cJohnny Turk he was ready, he primed himself well. He rained us with bullets and showered us with shell. In five minutes flat he\u2019d blown us all to hell. . \u201d Last week stock markets staged a spectacular rally off the back of the \u201cimproved\u201d trade outlook. Bonds […]<\/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":[15674,273,1849,22663],"class_list":["post-49514","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bill-blain","tag-equities","tag-financial-markets","tag-morning-porridge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49514","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=49514"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49514\/revisions"}],"predecessor-version":[{"id":49515,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49514\/revisions\/49515"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}