Growing Risk of Recession as Bread and Circuses Distract the Plebeians – Part 2

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.

The Inflationary Black Gold Rush at the Gas Pump – Part 3

Another SPR release and stimulus checks will not reduce inflation, the price of oil, gasoline, or diesel for any significant period of time.

Fertilizer Inflation and a Supply Chain Crisis Begets Food Insecurity – Part 2

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.

Accumulation Phase in the Commodity Bull Market

Capital is looking for somewhere to hide as demand, dislocations, and “structural deficits” in real asset markets offer a safe haven from geopolitical chaos.