Friday morning news drop
Russia Central Banker Wanted Out Over Ukraine, But Putin Said No Russian president said to reject Nabiullina’s bid to resign Respected central banker faces legacy at risk as sanctions hit. (Bloomberg)
Brief History Of Economic Warfare The methods and mediums through which countries wield this economic weapon changes over time, but the objectives of economic sanctions today are the same as those of centuries past: hurt the enemy by hurting their economy and restricting access to financial lifelines. (Investor Amnesia)
Fertilizer Prices Surge as Ukraine War Cuts Supply, Leaving Farmers Shocked Fertilizer prices were already high before the war. They have now reached record levels amid a precipitous drop in Russian supply. The result is that fertilizer is about three to four times costlier now than in 2020, with far-reaching consequences for farmer incomes, agricultural yields and food prices. (Wall Street Journal)
How ‘washed up…old man’ Warren Buffett is getting the last laugh “He’s old, he’s washed up,” Barstool Sports founder David Portnoy said about Buffett. “He’s an old man, his time passed him by. I’m better that he is. It’s no debate. I killed him. He’s dead. He’s dead,” Portnoy said. “I’m just printing money. Why take profits when every airline goes up 20% everyday. Losers take profits. Winners push the chips to the middle. I should be up a billion dollars.” (Marketwatch)
Why Propaganda Works (The “Illusory Truth Effect”): Freedom of speech does not include the right to amplification of speech. (Range Widely)
Interest Rates Are Getting Weird Yields still pale in comparison with the inflation rate but rates are now much higher than they were as recently as a few months ago. The biggest moves from a magnitude perspective have come at the 2 and 5 year maturities. It’s also interesting to note the 5 year treasury has the same exact yield as the 10 year. The 2 year yield isn’t far behind. (Wealth of Common Sense)
Videos of the Week
Side Hits ft. Vinny T: The trail may end, but the fun doesn't have to. With the right perspective, the entire world can be your playground. Vinny T shows us exactly how creative you can get between MTB trails as you cruise towards your next drop-in spot.
Denby Chandler BMX: Denby Chandler is one of our long term team legends and has put in an outstanding amount of dedication to LUXBMX over the years through his riding, presence, and love for everything LUXBMX. Over the past year or so Denby and Tim filmed random clips whilst being out and about in Brisbane.
REAL presents Ishod Already an all-time great, but still in his prime, Ishod makes it look easy in this ten-minute über part for REAL.
Liam Pace - Monster Army Part: Arizona's Liam Pace skates everything - and we mean everything - in his new part for Monster Army. Video: Josh "Peacock" Henderson.
Jai Glindeman is an 18-year-old Lennox Head native with an economy of movement that defies his age. Smooth, never rushed and always in control, the young Aussie has style beyond his years. And while the name of his new edit is “Stale”, his polished surfing is anything but. Hit play to watch a smooth operator put on a workshop.