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Anecdote: In college, I took a course on global commodities, taught by a professor who made a fortune speculating in soybeans ahead of an El Nino in the 1970s. He told us there would someday be a war over who controlled Ukraine and its uniquely fertile soil. It made sense, like many things do if you remove the need to time them precisely. He taught us a lot of things, one of which was that you could fit every human o

Hope all goes well… “The American economic story has seen periods of high tariff rates coincide with extraordinary economic success,” said Stephen Miran, Trump’s pick as chair of the Council of Economic Advisers. “There’s nothing in the historical record that would say that it’s impossible to have a fabulous economy with high tariffs,” he added, explaining that Apple’s decision to invest $500bln in US-based projects