Brutal MENA faces a crisis as the world’s key wheat producers are at war

[solblue]

As if MENA wasn't suffering enough.

MENA faces a crisis as the world’s key wheat producers are at war

The near future looks grim for Middle East and North African countries that depend on Russian and Ukrainian wheat.

www.aljazeera.com

 

[RandomGuy]

It’s gone global.


View: https://youtu.be/THneKf9nwBA

 

[METALMILITA88]

They have plenty of sand to eat

 

[solblue]

It’s gone global.


View: https://youtu.be/THneKf9nwBA

Inflation is also at the highest it's been in decades and housing is increasingly unaffordable in the West. Could this be the start of something new?

 

[RandomGuy]

Inflation is also at the highest it's been in decades and housing is increasingly unaffordable in the West. Could this be the start of something new?

Yes

 

[PPEcel]

Everyone except the poors will be fine. Sucks I guess.

 

[solblue]

Everyone except the poors will be fine. Sucks I guess.

True. You’re an economicscel, how are you mitigating losses in the current situation? All of my investment portfolios have taken serious hits.

 

[PPEcel]

True. You’re an economicscel, how are you mitigating losses in the current situation? All of my investment portfolios have taken serious hits.

my family has usually put money into real estate instead of other classes of assets

but they have taken a liking to defense stocks recently

airlines are fucked

 

[Transcended Trucel]

ogre

 

[solblue]

but they have taken a liking to defense stocks recently

I really should have bought Raytheon when the US was hyping up the invasion. That was some naivete on my part. Some defense stocks have shot up 25% so I wonder if it still makes sense to get in late

 

[TheDarkEnigma]

I thought Egypt and Iraq was the bread basket of the Middle East.

 

[solblue]

I thought Egypt and Iraq was the bread basket of the Middle East.

I really don't understand geopolitical trade. We have fuel exporters scant on fuel and food exporters lacking... food

 

[bigantennaemay1]

MENA? Who cares?

 

[PPEcel]

I really should have bought Raytheon when the US was hyping up the invasion. That was some naivete on my part. Some defense stocks have shot up 25% so I wonder if it still makes sense to get in late

Lockheed Martin maybe but am not too sure if the price change has already factored this in:

I'm sure the German Air Force is now l[UWSL]ooking to replace their aging Panavia Tornados. The F-35 would be a good fit. [/UWSL]

 

[Subhuman Niceguy]

I can bake my own bread. And when the price of flour raises too high, I will eat rice instead.

 

[ethniccel1]

Inflation is also at the highest it's been in decades and housing is increasingly unaffordable in the West. Could this be the start of something new?

Whats new? You will not afford housing and sleep in your car. People will beg for a new economic system and boom the great reset.

People have been writing about this since 2020

 

[incelerated]

 

[WizardofSoda]

I am considering buying Nutrien, but it was already pretty high in price for my inferior blood.

 

[Shrek]

Nothing of value will be lost

 

[Quarantined]

may have to resort to cannibalism

 

[Mogged Loner]

Every time you try to forget who I am!

I’ll be right there to remind you again!

You know me

You know me

 

[Mogged Loner]

You Ignore me

But you know me…

 

[solblue]

You Ignore me

But you know me…

 

[Mogged Loner]