“You Can Print money, But Not Oil To Heat Or Wheat To Eat”: Zoltan Pozsar Warns Central Banks Won’t Be Able To Paper Over Russia-Related Commodity Shortages.
Tymur Khakimov/Pexels
Zoltan Strikes Again
“You Can Print money, But Not Oil To Heat Or Wheat To Eat”: Zoltan Pozsar Warns Central Banks Won’t Be Able To Paper Over Russia-Related Commodity Shortages.
Tymur Khakimov/Pexels
Zoltan Strikes Again
Why China Hasn’t Condemned Russia: American-Led Sanctions Against Russia For Its Invasion Of Ukraine Are Fueling A Global Realignment.
"The friendship of the peoples of China and the Soviet Union is everlasting." 1967 Sino-Soviet propaganda poster (via Soviet Visuals).
Betting Against Bonds: Our Freezing Of Russia’s Dollar Assets Will Likely Drive China Away From U.S. Treasuries
Karolina Grabowska/Pexels
Turning Slightly More Bearish
In a post in late January, I mentioned that a bearish ETF had hit our top names for the first time since 2020:
Sanctioning Ourselves: American-Led Sanctions On Russia Lead To Higher Prices At Home. Inflationary Investing Considerations
An Economic World War III
President Biden deserves credit for having so far avoided World War III. He has resisted calls to impose a no-fly zone over Ukraine, which would lead to war with Russia, and he has clearly signaled he has no intention of fighting Russia.
War In Ukraine Causes Coal To Go Parabolic: Our Top Name That’s Poised To Profit From The Coal Boom.
Coal Goes Parabolic
Before the current war in Ukraine, there was already upward pressure on coal, due to a combination of the lockdowns limiting production in 2020 plus a misguided focus renewable energy, as Noah Rothman noted last October: