I WANT TO BRING IN MSNOW'S LAURA HAFLEY AND VETERAN FINANCIAL JOURNAST AND MSNOW BUSINESS ANALYST, RON INSANA. SO, RON, HIGHER GAS PRICES, HIGHER FERTILIZER PRICES. WE'RE NOT TALKING ABOUT LUXURIES WE'RE TALKING ABOUT PUTTING FOOD ON THE TABLE.JUST HOW BAD COULD THIS GET. WELL, WITH RESPECT TO FOOD PRICES, IT'S HARD TO KNOW EXACTLY WHERE IT GOES, CHRIS, BECAUSE IT'S OBVIOUSLY THE COST OF TRANSPORTATION PUSHES UP THE COST OF FOOD THAT'S DELIVERED TO GROCERY STORES AND THEN THERE'S THE FERTILIZER ISSUE IN THE ...

Hormuz isn't an oil shock. It's an inflationary input layer reset for the global manufacturing economy.Oil moves first, in days. Diesel in weeks. Fertilizer in weeks to months. Food soon after.The market is pricing wave one. The other three are already locked in. https://t.co/HJFMeARh4n ...