Latest / Blain's Morning Porridge
Destabilisation and Peak Exuberance
Blain’s Morning Porridge 19th Dec 2025 – Destabilisation and Peak Exuberance
“There are more things in Heaven and Earth, Horatio, than are dreamt of in your philosophy.”
Markets are winding down for the holiday break, but the news flow continues to hint at rising destability and noise, hinting the future economic path will get more twisty and difficult. Lower rates and QE fuelled markets (but not growth) in the 2010s, but won’t work when there is a strong inflationary impulse in place!
LINK TO PODCAST
Unless something dramatic happens in the next two weeks, this is the last Morning Porridge…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.