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Currents 063: Jessica Flack on nth-Order Effects of the Russia-Ukraine War

The Jim Rutt Show

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Order Effects Are Predictable

In terms of predictability, like the ukraine example, order effects are often predictable. And one that can be predicted. In case of ukraine, which is a large producer of wheat, everyone knew that in advance. What most people don't know is that russia and belleruse, between em, are by far the largest exporters of fertilizer. That when you put sanctions on belleruse in russia, you're cutting off forty % of the world's potassium fertilizer.

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