The Next Supply Shock Is Already Underway
The next inflation shock may not begin with oil. It may begin with diesel shortages in Russia, dry fields in Europe and a growing inability...
Tag: fertiliser
The Next Inflation Shock May Come from Farms, Not Oil
Financial markets have become obsessed with oil. Every escalation in the Middle East immediately triggers the same sequence: crude prices rise, inflation expectations rise, bond...
Ceasefire on Borrowed Time
The war has not ended. It has merely paused, briefly, uneasily, under the sort of arrangement that looks like diplomacy from a distance and like...
The Fertiliser Shock Behind the War
Wars not only burn cities. They also starve seasons. Since the beginning of the conflict in the Middle East, most of the attention has focused,...