"US inflation jumps to 3.8% as energy costs surge from Iran war"
and all of this to support apartheid in israel.
US inflation jumps to 3.8% as energy costs surge from Iran war
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Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#102Earlier quoted context omitted.
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The very first time I thought "That's it, Trump is done, it's over" is when he complained wages were too high in the US. Clearly he thought it was a gaffe as he denied saying it shortly after saying it twice in two videotaped appearances. But he sailed on through that and many other misteps.
Everything he says ever, all the time, should be his undoing.
And with every 'next thing' the US moves further from any pretext of democracy or rule of law.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#103Earlier quoted context omitted.
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Part of the reason people voted for "no more wars" was because of the long history of more wars from both parties. Desperate people make desperate choices.
> long history of more wars from both parties
Which wars were started by Democratic presidents in the last half-century?
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#104BTW, the conflict is unlikely to resolve soon.
The US has literally never honored a deal with Iran. Iran has no reason to negotiate with the US. The US either has to back down, put boots on the ground, or sit and wait.
If the government survives, they had a quiet infrastructure investment from China they can activate to rebuild their damaged facilities.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#105Earlier quoted context omitted.
Part of the reason people voted for "no more wars" was because of the long history of more wars from both parties. Desperate people make desperate choices.
There was literally no evidence voting for Trump would have reasonably led to less wars, and enough evidence, in fact, to the contrary.
Yes, MAGA ran on a broad platform of chaos, griefing, and personal vendettas. You don't have to be a rocket scientist to connect the dots and know war was on the agenda.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#106energy pricing is complex. some food for thought: if everyone believes the straight of hormuz is open, even if it is not, even if 20% less oil is being moved globally, what happens to oil prices? what happens to oil deliveries? is it possible for oil to be cheap in America while Bangladesh experiences shortages, instead of everyone paying more? is oil the same as energy? or is it more relevant to transportation? does…
i live in the suburbs and gas could 2x, 3x in price and my wallet wouldn't notice. i fill up a couple times a month.
How often do you buy groceries? How are groceries transited over to your local store?
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#107now imagine this going on through January 2029 if Dems don't win the Senate too because it took YEARS for Obama's team to get them to sign something and he's already used up half of US war stockpiles Iran's dictators will eat and sleep just fine for years while their people starve and get bombed to death click on YTD here and imagine that flat-line for YEARS https://en.macromicro.me/charts/94482/imf-strait-of-hormuz-…
I would imagine that other powers of the world would support some kind of invasion if the strait were to remain closed for a long period of time
They will just pay the toll.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#108I can't think of a single way in which the United States came out ahead in the war. We have * Demonstrated that the US simply can't offer any meaningful security guarantee to it's middle east partners. * Permanently ceded de facto control over the straits of Hormuz to Iran * Significantly strengthened the hardliners in the Iranian regime and cleared the way for them to have absolute power by eliminating all moderates…
IMO the last point is a definitely plus. Defense procurement is a feeding trough for the incumbents. Exposing the current state is a required first step for any meaningful transition (not sufficient and will probably not happen this time, but required nevertheless). My 2c.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#109What I don’t understand is how the stock market can be so decoupled from reality. It’s a game at this point and completely disconnected from reality. Everything should be down 20%+ given oil is an input to everything and yet stocks are ATHing.