Food Fight: Economic Interconnectedness & The First Law of Ecology
“When we try to pick out anything by itself we find it hitched to everything else in the universe.” — John Muir
In the aftermath of Russia’s unprovoked invasion of Ukraine, CDS spreads on Egyptian government bonds blew out. That’s because Egypt is a large importer of wheat. Below, a look at economic interconnectedness and the first law of ecology.
Finance is full of intimidating acronyms: LIBOR, EBITDA, WACC.