How Great is 2021 going to be? 

Strategizing about markets is a really, really fun way to start the day. I wake up with something to do and think about every day! I often get asked about when do I find time to write the Morning Porridge. Does it take all my time? Nope. I down tools on it by 9.00 am most days. I really do have a day-job – financing private debt and equity deals. Yesterday was spent working out how to restructure a UK aerospace and satellite launch project, and then how to present an infrastructure deal in the most effective way to potential investors.

Occasionally something big happens in markets that sets the Morning Porridge’s tone for the coming day, but most days it’s freshly produced from personally sourced global ingredients, or from thoughts leaping off the pages I scour as I wake up. Some days I have a very clear idea what I’m going to write about, and others, I wake up wondering what is there to say that hasn’t already been written about where the markets are going next.

Occasionally a theme or an idea will germinate or fester slowly in my head and it takes me a while to think it through and develop it. I’m having one of these days… I’m trying to think through the Consequences of the Year of the Pandemic. My thinking is its nowhere near complete.. and I’m beginning to scare myself.

The coronavirus has been the defining theme of 2020 – but what did it actually reveal in terms of markets? Its set the narrative. Everything else reacted to it. We saw enormous shifts in terms of policy and business strategies. All these shifts have consequences on future demand, supply, investment and growth, but also on expectations. Markets think its over so they are enthusiastic. Get back in the box…CLICK for complete article