Blain’s Morning Porridge March 9th, 2026 – What’s the plan? Keep bombing? What?
“I love the smell of napalm in the morning…. smells like victory.”
Global disruption – how likely is it to end quickly? Trump’s objective was to install a regime that will do his bidding in Iran. The appointment of Khamenei v2.0, the lack of a clear opposition, or defectors, makes a swift closure increasingly less likely. Global markets are pricing for a long, destabilising war with rising inflationary and geopolitical volatility.
I’ve just spent a bluebird week skiing in the Alps – blue skies and crisp pistes. After a swiftly written Morning Porridge, on Monday I switched off the world and tightened up my boots. Skiing makes me happy and smile a lot. My definition of good skiing isn’t fast – but controlled, and (above all) stylish (in a sort of 1970s way!) To cap a fantastic week Scotland beat France in the Six Nations, and our hosts, Italy beat England! Yay!
Looks like I missed an interesting week in markets….
Long coach transfers to airports and even longer passport queues are great places to catch up on podcasts and read market notes. As I read the reports, and Secretary of War Hegseth promising more to come, I could not but think about Col Kilgore of the US cavalry – the character played by Robert Duvall in Apocalypse Now.
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