Convex Strategies | Risk Update: March 2022 – The most dangerous peg in the world.

When thinking about real world “tail risks” few are more frightening than food shortages and famine. Aside from the obvious direct implications, they tend to be the catalysts behind most socio-political uprisings throughout history. It is not oversimplifying to state that “price stability” or “inflation targeting”, as the core premise of central banking, boils down…