Financial Commentary For Smart People
Bill Blain makes sense of the nonsense driving Global markets…
Since 2007, The Morning Porridge has cut to the heart of global finance and markets with unbiased, unrestrained, practical and pragmatic explanations, insights, themes, consequences and analysis of the major trends.
If you want to know what Markets did, buy yourself an FT subscription or Bloomberg. Or you could read the turgid prose of bank research, devoid of imagination, cleansed of opinions, and written to appease compliance officers! Or learn what's actually going on with the Porridge!
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Financial Commentary For Smart People
Bill Blain makes sense of the nonsense driving Global markets…
Since 2007, The Morning Porridge has cut to the heart of global finance and markets with unbiased, unrestrained, practical and pragmatic explanations, insights, themes, consequences and analysis of the major trends.
If you want to know what Markets did, buy yourself an FT subscription or Bloomberg. Or you could read the turgid prose of bank research, devoid of imagination, cleansed of opinions, and written to appease compliance officers! Or learn what's actually going on with the Porridge!
Blain’s Morning Porridge Oct 20th 2025 – Mutant Credit Cockroaches? Whatever next?
“Smart men go broke three ways: ladies, liquor and leverage.”
Markets feel increasingly nervous. Although someone has cranked up the party music to 11, and the euphoria is still pouring, concerns about banking and loan exposures are rising. If there is a wobble, then it’s likely to be leverage on leverage that sees a bunch of private credit lenders in trouble.
What will this week hold for markets? Trade wars? Peace deals? Inflation (maybe not as the US Govt is still in Shutdown)? A bank run? An invasion of mutant credit cockroaches? Who knows, who can tell..? This is heaven, this is hell… Reading through the financial press, it now feels there are more negative outlooks than positive.. Every financial market scribbler is predicting some kind of shocking sell-off in overpriced markets. Whateva…
If I am going to remain a contrarian… I may have to go out and find something positive to write about?
Blain's Morning Porridge Podcast
Financial Commentary For Smart People
Bill Blain makes sense of the nonsense driving Global markets…
Since 2007, The Morning Porridge has cut to the heart of global finance and markets with unbiased, unrestrained, practical and pragmatic explanations, insights, themes, consequences and analysis of the major trends.
If you want to know what Markets did, buy yourself an FT subscription or Bloomberg. Or you could read the turgid prose of bank research, devoid of imagination, cleansed of opinions, and written to appease compliance officers! Or learn what's actually going on with the Porridge!
