Markets may be in for stormy second half

Blain’s Morning Porridge/Bill Blain/7-3-2023

“When you think the sun is shining is the moment to be worried. I am more and more concerned the rapid rise in interest rates and increasingly tight lending conditions means pay-back for the many years of easy credit is about to come due. Ultra-low interest rates have made us complacent about corporate credit. A storm might be coming.”

USAGOLD note:  Blain’s latest has to do with complacency, or in his case the lack of it……He says a “storm of consequences this way comes.”