"It is difficult to count all the levels of leverage in play in global commodity markets” As @kl3dger puts it so nicely -> huge surge in prices can actually become a major source of financial stress.
Chartbook #100 on macro finance and commodity markets.
adamtooze.substack.com/p/chartbook-10… twitter.com/kl3dger/status…
RT @Brad_Setser: . @M_C_Klein completely nailed the data on globalization in his latest blog over at the Overshoot — I
February 7, 2023
RT @Brad_Setser: . @M_C_Klein completely nailed the data on globalization in his latest blog over at the Overshoot — I would even go a ste…