Latest / Blain's Morning Porridge
Bonds vs Stocks. It’s really quite simple.
“In bonds there is truth. In stocks there are dreams. Together they set the economy.”
Western economies succeed because bond and stock markets work together. Bond markets enable governments to finance the optimal conditions for invention and innovation, enabling growth and prosperity. Sometimes Markets fall out of line, while Politics are ruled by votes rather than experience – and that’s where the wobbles start to multiply.
Just back from holiday. What have I missed?
10 days sailing around the Ionian, re-reading the Odyssey, time spent on sea-girt Ithica with my sketch pad and a paintbrush……
The skinny
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