Growing Risk of Recession as Bread and Circuses Distract the Plebeians

Inflation surges as Velocity of Money and consumer sentiment are plunging and the Fed's Taper Caper is making a recession inevitable.

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.

Another Taper Caper in a Ravenous World – Part 3

FOMC is likely to punt a dovish fractional increase in the Fed funds rate at the March meeting due to high #inflation and save face.

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.