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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

#41

Post by joe_mamba »

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…

>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 to charge spot prices, since they're in a pickle right now and depend on imports to keep the war going while not being able to sell to too many nations so they're stuck watching potential earnings go past them.

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

#42

Post by mothballed »

joe_mamba wrote: post #28
parineum wrote: post #26

Earlier 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.

[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.

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

#43

Post by Ekaros »

joe_mamba wrote: post #41
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…

>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…

At this point I doubt anything could make stock market go down... It seems that there is no connection to anything but itself.

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

#44

Post by AntiUSAbah »

dwa3592 wrote: post #17

I 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 not. Here in germany a farm costs still 600k and goes up and down based on location and other factors. My money in the bank doesn't has to be inflation neutral, it should be house market neutral for the money i only want to buy a house for.

You can also choose and change your buying power. Instead of the sports car x, you can buy y. Instead of buying the city center house, you can buy the farm outside.

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

#46

Post by [deleted] »

dwa3592 wrote: post #17

I 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.

[deleted]

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

#48

Post by AnimalMuppet »

joe_mamba wrote: post #41
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…

>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.

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

#49

Post by actionfromafar »

koe123 wrote: post #31
AntiUSAbah wrote: post #22

Earlier quoted context omitted.

Energy pricing is quite easy: We have a global market, the rich people win. The USA is responsible for this horrendes situation, the USA people will not be the people struggling and dying. Its the poor people in every country around the globe which literaly will die, while the rich countries will just continue doing whatever they were doing. Holidays, traveling to visit famiily and friends. It will cost more for sure…

I wonder how many Americans realize that their soft power is dead. Will it cost them?

I have read so many arguments on this site that soft power in fact, apparently does not exist. So, you can't lose what didn't exist in the first place. So I guess a special military operation or two is no problem, according to them.

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

#50

Post by ZeroGravitas »

cyanydeez wrote: post #13
rdudek wrote: post #2

The tidbid they're not talking about are the fact that wages are down .5% https://www.cnbc.com/2026/05/12/cpi-inflation-april-2026-.ht...

[flagged]

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.

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