I know staggeringly little about the economics of agriculture which is why I found this Twitter thread so interesting. More wheat stats. My personal favorite Misleading Wheat Stat is “Ukraine/Russia grow 25% of world wheat exports.” Why’s it misleading? It’s technically true, but doesn’t mean what people think! Missing wheat from the war is actually…
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PS:If you are like me and long the energy complex beware of confirmation bias in this otherwise excellent overview.
Forget Blockchain — investors might want to consider putting their money into LEGO blocks, which appreciate faster than even gold, according to a recent study. Researchers at Moscow’s Higher School of Economics found retired LEGO sets appreciated in value 11 percent annually from 1987 to 2015 — more than gold, stocks or bonds. LEGO sets…
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Two things have prompted me to post this. The year is drawing to a close and it is interesting to see where the big moves in commodities have been. The agricultural sector has lead the way. Apparently gold went up 0.03% last night which caused my Linkedin feed to light up with people once again…
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Today at a Glance: China’s energy crisis is best understood through the simple, Econ 101 lens of supply and demand, with a particular focus on the coal market. Demand-side drivers primarily include a booming recovery from COVID-19 lows and a hotter-than-normal year that increased residential power usage. Supply-side drivers include coal shortages, import restrictions, utility…
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