2nd-order effects | Gerald Ashley
On this episode of Brigadoon Radio, Gerald Ashley and Marc Ross discuss Ukraine and second-order effects on commodities, shipping, and emerging markets. Plus anti-Russia rhetoric, President Biden's executive order on studying crypto and a Central Bank Digital Currency and what they are reading and watching.
Show notes for this episode of Brigadoon Radio:
The information war isn’t over yet: The online fight between Russia and Ukraine has already surprised propaganda experts. It may only get more chaotic. Charlie Warzel
McDonald’s didn’t just close 850 restaurants in Russia. It froze a whole 30-year investment. WP
‘No off-ramps’: US and European officials don’t see a clear endgame in Ukraine: The situation seems destined to result in an even deadlier and more protracted slog, wreaking devastation in Ukraine and causing a massive humanitarian crisis. WP
Denial of denim: Levi’s Russia pullback sparks memories of Soviet era: Blue 501s jeans from the USA became a potent symbol of dissent behind the Iron Curtain. FT
Egypt to ban exports of staple foods to safeguard reserves Bloomberg
London Metal Exchange halts nickel trading after short squeeze Bloomberg
Food crisis looms as Ukrainian wheat shipments grind to halt: Prices to soar as Black Sea ports at a virtual standstill amid Russian assault. FT
Will the Ukraine war derail the green energy transition? As Europe scrambles to find alternatives to Russian oil and gas and global energy prices soar, coal could be the winner. FT
Anchorage: The little airport on the top of the world: Ted Stevens Anchorage International Airport is an unassuming cargo hub, equidistant between New York and Tokyo and, as its website declares, just 9.5 hours flying time from 90% of the industrialized world. Now that more than 30 countries have banned Russia from their airspaces, with Russia responding in kind -- and Ukraine and Belarus airspace also closed -- Anchorage could prove strategically important. CNN
Thousands of Ukrainian and Russian sailors remain stuck in ports: Thousands of Ukrainian and Russian seafarers are stuck in ports around the world as the war in Ukraine intensifies and shipowners are scrambling to find replacement crews to keep strained supply chains rolling. Crews from Russia and Ukraine make up a combined 17% of the world’s 1.9 million sailors and at least 60,000 are currently at sea or at ports waiting, according to shipping executives and crewing agencies. WSJ
Cardiff Philharmonic removes Tchaikovsky from program in light of Russian invasion of Ukraine: The orchestra had an all-Tchaikovsky concert scheduled for next week, but has decided to change the program having deemed it to be 'inappropriate' at this time. BBC
Alex Ovechkin Skates Into Canada’s Ukrainian Enclave as a Scorned Star: The Capitals, led by the Russian president’s high-profile supporter, played the Oilers in Edmonton, home to a large concentration of the Ukrainian diaspora. NYT
A wave of anti-Russian hysteria is sweeping across the West Brendan O’Neill
Biden takes big step toward government-backed digital currency: The Biden administration is throwing its support behind further study and development of what would be known as a US Central Bank Digital Currency. NBC News
Bitcoin price surges on Biden’s crypto executive order: President Biden signed an executive order instructing federal agencies to study the possible risks presented by cryptocurrencies and consider the creation of a US digital currency. WSJ
Central bank digital currencies - executive summary BIS
Blockchain and money: This course is for students wishing to explore blockchain technology's potential use—by entrepreneurs and incumbents—to change the world of money and finance. The course begins with a review of Bitcoin and an understanding of the commercial, technical, and public policy fundamentals of blockchain technology, distributed ledgers, and smart contracts. The class then continues on to current and potential blockchain applications in the financial sector. MIT Sloan School of Management
The Shirkey Principle (or why you're not just the solution but the problem) Box of Crayons Blog
The Origin of Financial Crises: Central banks, credit bubbles, and the efficient market fallacy George Cooper
The Courier IMDb
The Dropout IMDb
Drive to Survive IMDb
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