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Blain’s Morning Porridge Oct 20th 2025 – Mutant Credit Cockroaches? Whatever next?
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…
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