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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

#151

Post by phicoh »

kdheiwns wrote: post #80
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…

Your top point is honestly the biggest. Until this year, US military bases were seen as an asset. They were thought to deter attacks, and in the case of someone being crazy enough to attack the country that hosted a US military base, they sold the promise of a quick and decisive response. But for countries in the Middle East, every base was nothing but a liability with nothing but a long list of detriments. The bases…

The situation in Europe is even more crazy. The US needs the bases in Europe to project power in the Middle East. If every country in Europe would ask the US to leave then the US would have a very serious issue projecting power around the world.

The US bases are also pretty expensive to set up. Lots of logistic support has to be in place to let those bases function. That require a lot of support from the host country. Normally, you would expect the US to be friendly with the host countries, but that seems lost on the current administration.

What is really wrong is that it is known that russia is fighting in Ukraine with drones designed in Iran. And we have seen how hard it is for US designed weapons to deal with those drones. To the point that a lot of development is happening in Ukraine to deal with this problem.

By attacking Iran, the US has shown the world that Ukraine is the weapon supplier of choice against future drone wars.

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

#152

Post by AntiUSAbah »

b40d-48b2-979e wrote: post #127
AntiUSAbah wrote: post #44

Earlier quoted context omitted.

Inflation itself is not a good metric as soon as you leave the avg. You are on HN, the chance you are part of the american average is very low. That 15% cost is not relevant if you don't drink milk. Its also a lot less if you are able to save money. That money saved might be for something very specific like one specific car or a house. The house market, as far as i understand it, is more decoupled from inflation than…

You are on HN, the chance you are part of the american average is very low. This is a weird statement coming from a German bystander commenting on American politics with the username "Anti-USA".

Why?

This is not US politics. Its global politics and it affects me as well. Independent of this, hn is not a platform the avg person is visiting. It requires a certain amount of high tech expertise to understand the conent of hn which statistically pushes the avg hn reader above the avg person.

You do know how much impact the USA has around the globe right? right?!

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

#153

Post by WarmWash »

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…

The saving grace is that China (well modern living CCP members) have never had an armed conflict. China's military ranks are people who got there by playing politics and bending exercises to their benefit rather than showing battlefield competence. There are no war vets or experienced players.

So while they might have incredible man power and manufacturing capability, everyone in that first battle will be seeing battle for the first time in their life.

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

#154

Post by b40d-48b2-979e »

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.

idk, I read an analysis recently that retail investors in funds like the S&P500 are breaking how the stock market is "supposed" to work since people keep pumping the same money every month for retirement into the same 500 companies (or whatever an index is funding) without consequence to their actions, so they're never punished. Line goes up. The purchasing power of the masses outweighs the old brokerage class that decided which companies succeeded based on "real merits".

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

#155

Post by twodave »

cyberlurker wrote: post #107
timoshishi wrote: post #29

Earlier quoted context omitted.

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.

It's possible, in the short term, but eventually the only oil flowing thru the Strait of Hormuz will be Iranian oil, and perhaps not even that. Give countries enough time and they'll rather invest in building a way around Iran than giving them money for passage thru international waters.

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

#156

Post by giantg2 »

HumblyTossed wrote: post #36
giantg2 wrote: post #21

Earlier quoted context omitted.

Those are real wages. We would expect to see that during a sudden jump in inflation. Wages tend to lag inflation. The other interesting part in that article is that excluding fuel and food still shows 2.8% inflation - only 1% attributable to food and fuel. Makes it seem like the main article and this article have different spins. Edit: Wow people are jumping on this. The point is that food and fuel increases account…

For most Americans (aka: not the top 5% like SWEs), food and fuel increases hurt a lot.

Most SWEs are not top 5%. The median is about $135/yr, and a significant portion of us make under that.

The point was that a 1% increase in inflation due to food and fuel wasnt the end of the world. Does a 1% cost of living increase hurt? Sure, for many people on the margin of making ends meet it can be bad. For most people, $1 more out of $100 is survivable.

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

#157

Post by wing-_-nuts »

AntiUSAbah wrote: post #57
baggy_trough wrote: post #35

[flagged]

What is your comment adding to this discussion? Do you want to say, that a specific small group of people are positive about a surge in energy costs? How does that reflect your acceptance of the overall climate change topic you are referencing? You do not believe in it? Or do you believe in it but you do not care? Like the latest AMOC paper doesn't bother you in particular? Am I a climate activist if i think its very…

You're wasting your breath. It took me a long time to realize that folks on the other side of the isle had fully bought into the 'maximal short term interest' ideology of the business community. I no longer have very much to say to them at all.

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

#158

Post by virgildotcodes »

gretch wrote: post #120
kdheiwns wrote: post #80

Earlier quoted context omitted.

Your top point is honestly the biggest. Until this year, US military bases were seen as an asset. They were thought to deter attacks, and in the case of someone being crazy enough to attack the country that hosted a US military base, they sold the promise of a quick and decisive response. But for countries in the Middle East, every base was nothing but a liability with nothing but a long list of detriments. The bases…

> The bases got attacked and destroyed with basically zero effort whatsoever, local militaries had to step up to defend the US bases on their own dime and with their own people putting their lives on the line As a US citizen, I hope more countries come to this realization and start rejecting these. It's such a lose-lose for everyone The establishment and maintenance of these bases cost the tax payers so much.... If o…

The America First MAGA people fail so hard to understand that these expenditures on things like foreign bases and US Aid resulted in far greater returns for us. It's never been about altruism or the greater good.

I say this as an anti-empirical leftist with no great sympathy for the effort, but for those proclaiming to put America's interests above all else it's just such an obvious and idiotic short-sighted self-own.

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

#159

Post by myth_drannon »

sosomoxie wrote: post #123
myth_drannon wrote: post #91

Earlier quoted context omitted.

[flagged]

I’m a leftist and certainly Muslims will be against their own slaughter. There are plenty of right wingers who hate Zionism too though. Zionist’s only allies are the heavily propagandized baby boomers, and even they are shifting away from Israel.

[flagged]

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

#160

Post by triceratops »

mothballed wrote: post #42
joe_mamba wrote: post #28

Earlier quoted context omitted.

[flagged]

I voted for the only candidate (Chase Oliver) that appeared on my ballot that was basically 100% certain to not get us into wars, and I've had absolute vitriol spewed at me (including here on HN) because I was informed it was a default to Trump. There's no way to act where you won't be hated by someone. Even if you stop paying taxes for the bombs someone will scream that you hate old people or the children.

> I was informed it was a default to Trump.

Were they wrong?

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