Frankly, it is a miracle that inflation is this low. Markets have not fully metabolized the impact from the closure of the Persian Gulf.
Well yeah, remember how long covid QE took to manifest? "Biden inflation".
US inflation jumps to 3.8% as energy costs surge from Iran war
311–320 of 486 posts
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#312Earlier quoted context omitted.
Short, medium and long-term this will spur the world to move off of fossil fuels. I'm not a fan of war, especially this stupid one, but that one benefit may be, unintentionally, worth it.
Ah, 'demand destruction', which in sounds positive in theory but in practice will likely mean poverty, famine and 'population reduction'.
The majority of demand for fossil fuels is for energy. Switching to alternative sources for energy is not “demand destruction” unless you zoom in your analysis so much that you’re missing the forest for the trees.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#313Earlier quoted context omitted.
They don't have nukes or would've already done that.
No, they wouldn't, and they don't have it because they have chosen not to. There is something called an escalation ladder: you do not threaten to leave or kill your partner just because she spilled milk on your floor. That is the same reason Russia did not use nukes, and why other nuclear armed countries involved in conflicts have also avoided using them. The same logic applies here. Another example is that the US co…
US stopped bombing Iranian oil infrastructure when Iran responded by taking out a chunk of Qatar LNG infrastructure for a few years [0]. This example shows the escalation ladder and also proves that Iran does not need nukes for this conflict (so far at least....)
[0] https://www.cnbc.com/2026/03/19/iran-attack-qatar-lng-capaci...
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#314Earlier quoted context omitted.
The US oil industry is making massive amount of money directly from the people of the US on the inflated prices, since their domestic supply and refineries are unaffected. It also perfectly matches the actions a foreign country trying to harm the US would take. There's so many terrible options to choose from!
There are much easier ways of increasing the oil prices that don't have as much drawbacks as trump's war. Of course, for _some_ reason most people and countries prefer _lowering_ oil prices.
Higher oil prices makes renewables even more competitive, so this is another situation where the extreme left and extreme right may agree.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#315Congress needs to be forbidden from ever raise debt ceiling again. When they run out of money, the first they have to cut is their own wages, then the wages of federal staffers that serve them, then their healthcare, their benefits, everything that serves THEM gets cut first.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#316Earlier quoted context omitted.
Hezbollah was formed after Israel's 1982 invasion of Lebanon, which killed 17k+ people, mostly civilians, and which Israeli historian Ilan Pappé said was mainly unprovoked (see below). Israel's explanation for why they decided to risk killing tens of thousands of non-Israelis - which is ultimately what their invasion did - was highly dishonest. The reason for Israel's invasion of Lebanon in 1982: Israel said it invad…
> Israel's 1982 invasion of Lebanon [...] which Israeli historian Ilan Pappé said was unprovoked "Unprovoked" is wildly inaccurate, and not even the most anti-Israel historians like Pappé claim that. The provocation was very clear: the PLO paramilitary bombarding Israeli towns from southern Lebanon. If Mexican cartels started bombarding San Diego, would anyone say that a US response was "unprovoked"?
That's a provocation of sorts, maybe. However, I'm curious how Israel's invasion was supposed to stop that. Either they would occupy part of Lebanon, but open up their soldiers to attacks from irregulars, which doesn't seem any better for Israel. Or, they would expel tens of thousands of people AND occupy parts of Lebanon, which would still expose the Israeli occupiers to attacks from just outside the new border.
If Israel was going to kill tens of thousands of people, it had an obligation to have a plan which wasn't completely stupid. I don't see what WASN'T stupid about it.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#317I understand it is a complicated calculation but to me personally, inflation feels much more than that. I have been tracking the price of milk. Around 3 months ago, i was getting a gallon of milk at $2.97, then it went up to 3.07, then 3.25. Yesterday I paid 3.40. That's like 15% gain on something as basic as milk. All numbers from the same store.
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…
If X goes up in price, then Y and Z will have increased demand, and end up also going up in price..
Just because you don't drink milk, doesn't mean that you'll be unaffected.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#318Earlier quoted context omitted.
> The US won the cold war. They won it so hard they're not even aware it's still going on...
If you're referring to China, that's a new cold war. Russia can't even beat it's much smaller, much poorer neighbor in a full on war.
And yet Russia somehow managed to get a puppet in the White House so...
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#319Earlier quoted context omitted.
Umm okay so many other aspects of the cpi respond slower and this is a recent shock… Food and fuel are more sensitive and respond first. There’s been no time for the effects to really get into the others. And Food and fuel having huge jumps in inflation is major visible pain for consumers.
Yes, and that volatility is why economists exclude fuel and food from core CPI.
Except oil prices are predicted to remain over $100 for at least the rest of this year. It’s not a short term thing.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#320Earlier quoted context omitted.
I find it so interesting that you believe the Supreme Leader was a moderate. Also that somehow, the almost complete dismantling of the Iranian military resulted in Iran having more control over the straits of Hormuz. "The end of the US empire" so dramatic! fun stuff
Easy. There has been no "almost complete dismantling of the Iranian military" and anyone saying so is lying or deeply propagandized.
And all the videos are AI right?