Wall Street titans have begun to bark about a global recession. Stock up on nonperishable food and practice the art of baking breads at home.
Another SPR release and stimulus checks will not reduce inflation, the price of oil, gasoline, or diesel for any significant period of time.
Even if war in the Ukraine were to stop tomorrow, it’s already too late for the planting season in the northern hemisphere this year.
Capital is looking for somewhere to hide as demand, dislocations, and “structural deficits” in real asset markets offer a safe haven from geopolitical chaos.