The Next Food Inflation Shock Starts With Diesel
The next inflation shock may not begin in an oil field. It may begin in a Brazilian soybean farm. Brazil is entering its planting season...
Tag: food commodity
Ukraine Is Entering the Escalation Trap
The war in Ukraine is moving into a more dangerous phase, not because Russia is suddenly winning or because nuclear war has become likely, but...
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...
The Black Sea Is Becoming the World’s New Supply Chokepoint
For most of the war, the economic significance of the Black Sea was measured through energy. Oil terminals, pipelines, refineries and Russia’s ability to finance...
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...
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,...