Latest / Blain's Morning Porridge
Boom before the Reality Sinks In
“Sometimes I’ve believed six impossible things before breakfast”
Stock Markets partied higher yesterday, utterly unbothered by the optics of the Iran Deal. Bond markets look at the long-term risks – wondering what the consequences of the Iran war might trigger in the coming years when today’s new bonds are set to repay. Traders will be trying to figure out what a new world will look like, and just how sustainable US Bonds markets might be as the global economy shifts.
I think I have used the classic Alice in Wonderland (actually, it’s from Through the Looking Glass) quote more times than any…
The skinny
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