Latest / Blain's Morning Porridge
The No-See-Um Market Crisis emerges in France!
Blain’s Morning Porridge 2nd, October 2026
“The French are a nation which believes in equality, but only with those who are above them.”
The French Bond market threatens to become a crisis as yields widen and its’ politics look increasingly a zero-sum game. While we’ve been watching the antics in DC and the price of oil due to Iran, we’ve missed how swiftly a new European debt crisis has been brewing. If it deepens, it won’t be a simple repeat of 2010-12, which nearly crushed banks and triggered defaults. Europe’s second largest economy in crisis, and dispute with Frankfurt, could trigger…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.