Tracy Alloway

as soon as possible i would imagine and the same for every other country that's you know gone through the shock so this idea of governments really stockpiling crucial commodities and products i don't think it's going away anytime soon we've had six years now of talking about unpredictable choke points first with the pandemic where we all sort of woke up to these supply chain vulnerabilities

And now with the Strait of Hormuz closure, I just don't think it's going away.

And that's, you know, that's a long-term underpinning on stockpiling and it's a long-term upward pressure on inflation.

Our download figures are correlated with the VIX, or at least they used to be because the VIX isn't actually moving that much anymore either.

But yeah, it's a pattern that we've come to recognize and we're okay with it.

You know, we're just happy that we're able to elucidate some of these hidden corners of the global economy during a crisis.

And if that's what it takes to get people interested in things like urea and helium prices, it's all right with me.

Hello and welcome to another episode of the All Thoughts Podcast.

I'm Tracy Alloway.

And I'm Joe Weisenthal.

Joe, we like talking about the old economy on this podcast, right?

I don't even think when people use that term, old economy, I think it's kind of unfair.

It's funny.

I was literally about to respond and say that maybe like this whole old economy, new economy distinction, it's a little unfair.

The old economy is still here.

It's not, you know.

It's still with us.

It's not generative AI, but it's arguably, maybe it's even more important.

The things that we call the old economy, you know?

You couldn't have the new economy without cooling and heating.