Current Affairs/Politics
CapEx Team

RUSSIA: SANCTION ITS EXPORTS AT YOUR PERIL

By now you might be thinking we are “pro-Russia”. Nothing of the sort. In essence, what we are trying to do is point out how Russia is way more important to the world economy than it was some 20 years ago. To embargo or limit Russia’s exports will only lead to an inflationary superstorm. Some 20 years ago Europe (and the “West”) had the North Sea, which produced as much as Russia and the US. Now it is a shadow

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OWTW
CapEx Team

Russia: Careful what you wish for – OWTW

This week’s issue will be a bit different than usual. We’re sharing with you an excerpt from our latest Insider Weekly that looks under the hood (bonnet, for our British readers) of the economic measures against Russia. The pundits are rushing to tell us that the way to stop Russia’s aggression is by hitting the Russkies where it hurts (i.e. their oil and gas). Our view is that any sort of blockade of Russia’s exports will only lead to an inflationary super

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fertilizer inflation, food inflation
inflation
CapEx Team

FERTILIZER CRISIS ABOUT TO BECOME A FOOD CRISIS

Don’t underestimate this fertilizer/agriculture fiasco. It is going to be far more severe and prolonged than what the vast majority has led themselves to believe. As Europe’s farmers prepare to spread fertilizers on fields after winter, sky-high nutrient prices are leaving them little choice but to use less and try to pass on the cost down the food chain. For growers of staples like corn and wheat, it’s the first time they’ve really been exposed to a fertilizer crisis fueled

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Energy
CapEx Team

WHERE’S IT GONNA COME FROM?

Stop staring at your gains from the energy stocks for a second here. Take a seat in a nice quiet place and ask yourself this one really simple question: if oil demand continues to grow at ~1 million b/d for the next 8-10 years, where is the oil supply coming from to meet it? Rystad Energy, along with many others, including my friend Tracy Shuchart as well as the work of Josh Young over at Bison, show that US oil

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insurers vs big pharma
Insider
CapEx Team

Insurers VS Pharma

“Fascism should more properly be called corporatism since it is the merger of the state and corporate power.” – Benito Mussolini Let’s go through insurers. This is important because it provides us with some means to understand a potential road map of how we’re likely to see all of this play out over the decade. It is going to sound outrageous and there may be some of you who call me a conspiracy theorist, anti-this, that or the other thing, but

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backfiring
Bitcoin
CapEx Team

Backfiring

GiveSendGo CEO Sends Gateway Pundit Exclusive Statement: Fundraising Platform Sees MASSIVE Surge in Traffic and One Million in Donations to Canadian Truckers in 12 Hours! – Relentless DDOS Bot Attacks But it didn’t end there: Trudeau vows to freeze anti-mandate protesters’ bank accounts – BBC News The gloves are now truly off, and any pretense that this is about a virus or anyone’s health can only realistically be held by the most unfortunate among us. The braindead. This brings up

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OWTW
CapEx Team

Cues from the Super Bowl – OWTW

We argued before in these missives that magazine covers are one of the best contrarian indicators out there. This time around, we take our cues from last weekend’s Super Bowl, namely the myriad of crypto ads. The fact that it was called “the Crypto Bowl” in the popular press speaks for itself. On the flip side, how many commercials were there for oil and gas companies (hint: it rhymes with “hero”)?   THE POWER OF DISCIPLINE “Discipline is the bridge between

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ammonium nitrate
Agriculture
CapEx Team

Two-thirds of what?

Russia produces roughly two-thirds of the world’s ammonia nitrate. Russia introduces export ban on ammonium nitrate for two months — government – Business & Economy – TASS Russia imposed a ban on ammonium nitrate export for two months, until April 2, the government’s press service said on Tuesday. “The two-month ban on ammonium nitrate export comes into force from February 2. The relevant decree of the government was signed,” the press service said. “This is a temporary measure. The remaining

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