Misunderstanding Inflation
"Yellen says gasoline tax holiday worth considering as anti-inflation tool" (Reuters) This administration seems not to understand what inflation is. Inflation is a general increase in prices, caused by an…
The Coming Food Inflation
Severe food inflation is very likely this year, although we do not know, exactly, how much. It is unclear whether there will be any grain at all from Ukraine and…
Economic Impact on Ukraine
Global media are focusing on the economic impact the sanctions are having on Russia. Meanwhile, the war and sanctions are having disastrous impact on the Ukrainian economy. The GDP is…
Corporate Virtue Signaling on Ukraine
Yum group said that they are pausing their company-owned KFCs in Russia. But, “Nearly all of Yum’s roughly 1,050 Russian locations are operated by franchisees." In some countries, the majority…
Ukraine and the Budapest Memorandum
The Budapest Memorandum on Security Assurances (1994) was signed by: the Russian Federation, the United Kingdom, and the United States, regarding the security of Belarus, Kazakhstan and Ukraine. Under the…
Lockdowns and War: Rethinking Supply Chains and Currency
The pandemic lockdowns caused real supply chain issues. Prior to the pandemic, the average business leader had some notion that it was important to diversify supply chains, but it would…
China and EU Consumption of Russian Oil and Gas
China consumes 12,791,553 barrels per day. Russia produces an average of 11,262,746 barrels per day, roughly 12% of the world's oil. Russia uses 3,631,287 barrels, imports 15,047 barrels, and has…
Invasion of Taiwan, Probably Not Soon
The Communist Party Congress will not be held until the Fall, when Xi is expected to start his third term. So, he probably cannot take a major step, like invading…