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US inflation jumps to 3.8% as energy costs surge from Iran war

bbc.com

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Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#221

Post by mindslight »

khriss wrote: post #32

I 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…

When the position of the United States gets hurt, it means "liberals" get hurt - where "liberal" means anybody who might believe in lofty ideals like Constitutional rights or simply hasn't thrown in their lot with a hollow New York con man. I have tried and tried to steelman, but from everything I can tell this is really the only concrete policy mandate behind Trumpism. It's a societal death cult. Heaven's Gate didn't think they were killing themselves either.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#222

Post by NickC25 »

sosomoxie wrote: post #61
dirck-norman wrote: post #34

Earlier quoted context omitted.

[flagged]

Wow, this is just a blatant lie. It’s Israel that is ethically cleansing Lebanon, not Iran. The hasbara is getting more desperate every day.

Correct.

Iran also has no nuclear weapons.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#223

Post by mgfist »

toasty228 wrote: post #188
mgfist wrote: post #162

Earlier quoted context omitted.

> I can't think of a single way in which the United States came out ahead in the war. I wouldn't jump to conclusions yet. The war is not over. I wouldn't even be so sure as to say Iran is in a good place right now. Iran can absorb more pain than the US, but even that has a deadline. For the US, the only pain is inflation, which is more a matter of political capital than anything tangible. Trump is a lame duck preside…

It doesn't matter who "wins" the war, it's already a strategic loss for the US, like every single conflict the US went into since ww2. If they can't just blow the problem away with bombs they invariably and inevitably fuck it up, and as it turns out you can't bomb away that many problems

> like every single conflict the US went into since ww2

Depends on how you connect conflicts to strategic aims. The US won the cold war. Could they have done so without all the military conflicts? Further, what's the best way to maintain a strong fighting force? By fighting. The US needs wars to maintain it's fighting muscle.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#224

Post by soco »

AnimalMuppet wrote: post #48
joe_mamba wrote: post #41

Earlier quoted context omitted.

>I can't think of a single way in which the United States came out ahead in the war. The stock market did, which is amazing if you're the top 10% of asset owners who own 50% of the country's wealth. >except Russia by heaping sky rocketing energy costs on them Russia doesn't benefit from this energy spike, since its biggest customers, China and India, have long term contracts that Russia can't just rip and renegotiate…

Did the stock market come out ahead? The Dow is about where it was when this started.

They probably had a few stock owners in mind, which came ahead and keep coming ahead with strategically planned transactions placed right before another US major move - all by pure coincidence of course.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#225

Post by bix6 »

irishcoffee wrote: post #129
bix6 wrote: post #109

What 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.

When you are inject 3-5 trillion dollars into the economy over the span of months, it takes a while for reality to catch up.

M2 is only up $1T in 7 months or am I missing something?

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#226

Post by mgfist »

close04 wrote: post #207
mgfist wrote: post #162

Earlier quoted context omitted.

> I can't think of a single way in which the United States came out ahead in the war. I wouldn't jump to conclusions yet. The war is not over. I wouldn't even be so sure as to say Iran is in a good place right now. Iran can absorb more pain than the US, but even that has a deadline. For the US, the only pain is inflation, which is more a matter of political capital than anything tangible. Trump is a lame duck preside…

> For the US, the only pain is inflation That and its trust and geopolitical influence even among allies being quickly eroded to the benefit of countries like China. Inflation and ammo stockpiles are easier to fix.

> That and its trust and geopolitical influence even among allies

Yeah but all of that is orthogonal to the war itself. It's not like Trump needed to threaten to invade Greenland to go to war with Iran.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#227

Post by mint5 »

billfor wrote: post #143
khriss wrote: post #32

I 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…

[flagged]

So a win will be returning to Obama’s Iran deal?

And the reason no one brings up Ukraine is because we used more interceptors in three days than were sent to Ukraine in the entire 4+ years of war. It’s a complaint that doesn’t make sense unless one is jd Vance.

The difference is obvious.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#228

Post by mgfist »

mint5 wrote: post #206
mgfist wrote: post #162

Earlier quoted context omitted.

> I can't think of a single way in which the United States came out ahead in the war. I wouldn't jump to conclusions yet. The war is not over. I wouldn't even be so sure as to say Iran is in a good place right now. Iran can absorb more pain than the US, but even that has a deadline. For the US, the only pain is inflation, which is more a matter of political capital than anything tangible. Trump is a lame duck preside…

“ For the US, the only pain is inflation” That is not correct and the comment you replied to even pointed out several ways it hurt the US other than that Inflation is the only Immediate pain. The other harms will play out over years. While war games already predicted we’d run out of basically all defensive and offensive weapons almost immediately in a confrontation with China, that wasn’t demonstrated yet. Now it has…

> While war games already predicted we’d run out of basically all defensive and offensive weapons almost immediately in a confrontation with China, that wasn’t demonstrated yet. Now it has been proven, but not even with China, with much smaller and less powerful Iran. We used a major portion of our stuff, it didn’t accomplish anything major, and now we’re already depleted like a paper tiger.

This is a positive, not a negative. It's a needed wake up call and better to get it now instead of during a war with China.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#229

Post by mgfist »

deepsun wrote: post #192
mgfist wrote: post #162

Earlier quoted context omitted.

> I can't think of a single way in which the United States came out ahead in the war. I wouldn't jump to conclusions yet. The war is not over. I wouldn't even be so sure as to say Iran is in a good place right now. Iran can absorb more pain than the US, but even that has a deadline. For the US, the only pain is inflation, which is more a matter of political capital than anything tangible. Trump is a lame duck preside…

And if Iran drops or threatens just a single nuke, I doubt there will be left any arguments.

They don't have nukes or would've already done that.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#230

Post by dirck-norman »

stephen_g wrote: post #111
simianparrot wrote: post #51

Earlier quoted context omitted.

[flagged]

Nobody is saying Iran is good, this war if anything has solidified the rule of the hardline ideologues in its Government, by killing off a bunch of the more moderate ones. And all this bombing is definitely going to convince the local population that you are the good guys, right? Is it any wonder why the people haven’t risen up against the Iranian regime? And all that is not to mention that the war has handed the reg…

[flagged]
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