Lagged economic effects from supply shocks

May 1, 2026 - Zach and Chase break down why the current oil and geopolitical situation may be far more dangerous than markets are pricing in. They walk through the concept of a “chain of errors,” how supply shocks compound over time, and why delayed economic effects could still be building beneath the surface. The conversation also covers global food risks, investor complacency, and why markets may not be sending the right signals in this environment.