March 13, 2022
First thing Friday morning, there was panic on the stock market.
There was fear that peace might break out at any moment.
Putin and Schmielinsky made optimistic noises about negotiations.
Inflated by expectations of war, commodity stocks were all down.
Oil, fertilizer, base and precious metals. There was pandemonium.
Luckily sanity soon returned. Prospects of world war were still good.
It's heartening to see that people respond to this crisis with an orgy of greed.
As if higher digits in their bank statements will inure them from nuclear radiation.
As if the bankers couldn't wipe out these digits on a whim.
I wonder how commodities would respond to an all-out nuclear war?