The End of Exceptionalism

Blain’s Morning Porridge April 9th, 2026: The End of Exceptionalism“I saw a death-head sticker on a Cadillac.”There is something deeply unstable underlying current markets. They don’t feel right. Something has changed. What could it be? It’s likely to be how Trump’s misjudgements in Iran and over NATO have reset expectations and accelerated the end of the American Age. The implications are huge.Interesting Global picture this morning. Not much of a ceasefire in the Gulf, but the massive de-escalation rally continues apace. It’s founded on a very unlikely premise – that the World will simple go back to where we were before Feb 28th and Trump decided to bomb Iran.You can never go back. Time moves in one direction only. Change is the rule. And this world is changing faster than we think.You can read the Morning Porridge by subscribing on ⁠www.morningporridge.com⁠, and have it delivered fresh to your inbox every morning!