SeeingRed

Mine haven't started up yet thankfully, but I expect them to be early this year.

Definitely interesting to see. I'd be curious how this compares to the total wheat trade between the two countries and other trading partners, how that's changing over time, and why it's specifically happening now. Is this due to old agreements being unnecessary due to increased domestic production? Is this due to the global market favouring wheat purchases from other countries? Is there just less demand due to some other reason? There is the throwaway line about China being able to source from others, but no indication of who or why.

Obviously this is just Bloomberg so they're not going to dig into these sorts of things as they only care about the changes in prices for the sake of investors.

It's so nice to read these missives. They are so inspiring and the positive messages feel so genuine. The challenges are acknowledged, but they are not used in a decisive way.

猫

The Soviet Union saved one of my Great Uncles from a concentration camp. Not quite the same, but I appreciate them none the less.

I genuinely recommend reading the book, it won't take you that long.

Key points I got are:

1. Summary of the US policy toward Russia post USSR up to present

2. There is a history of NATO moving east, and also a history of US weapons testing near the border and backing out of nuclear and arms treaties.

3. Preliminary integration of Ukraine military and economy prior to any admittance into NATO, effectively making them an arm of NATO without formal admission

4. A bunch of other history which contextualizes things. Seriously good extra context if you are not familiar with the history.

5. Ultimately, the US and NATO are far more at fault for the tensions that led to the current crisis.

The image shows data from April.

In may Germany entered Recession: https://www.reuters.com/markets/europe/germany-enters-recession-2023-05-25/

While the G7/EU other countries may have mostly technically avoided recession, they have only done so barely so far.

Goodbye Petrodollar, history will not miss you.

It's a ways to go still, but this is a promising sign.