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Let’s say the ugly downturn hits this fall. Diesel prices through the roof. Fertilizer not being used. Crops not being planted and harvested. Food prices shock upwards.

How long will it stay down by your reckoning?

I’m going to be optimistic and say a year.

Let’s say the ugly downturn hits this fall. Diesel prices through the roof. Fertilizer not being used. Crops not being planted and harvested. Food prices shock upwards. How long will it stay down by your reckoning? I’m going to be optimistic and say a year.

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[–] 0 pt

Using the copernican principle, let say all this shit really started in mid 2020 (the financial flashcrash or overnight interbank freeze). We're two and a half years in.

All things being equal, we're likely in the middle of the crisis. If we're at the beginning of the second quarter of the crisis, that means we have 2.5*3 = 7.5 more years.

If we're at the end of the third quarter of the crisis, we have 2.5 more years to go.

So there is a 50-50 chance that this crisis lasts 2.5-7.5 more years.

And therefore we are either just getting into the worst of it, or the worst is still ahead.