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Stage 2 of American Divergence and the Risk of Global Stagflation
Blain’s Morning Porridge, March 30th, 2026 – Stage 2 of American Divergence and the Risk of Global Stagflation
“Events dear boy, events…”
The global economy is inevitably slowing from the deepening Hormuz oil shock. The Americans intend to press on despite the rising costs. While the global economy burns, President Trump is mulling multiple plans to achieve his version of victory. The rest of the World is waking to the reality this war is damaging their economic interests, and wondering how to mitigate the effects.
Another interesting week’s play in prospect for the global financial markets……
The skinny
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