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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
#92A completely unnecessary war that benefits no one other than Israel and harms the rest of the world. The only positive to come from this is the annihilation of US military assets in the Middle East and an even deeper unity of the world against Zionism. It’s tough times but we will ultimately defeat this heinous ideology.
>benefits no one isn't correct. There are plenty of people on HN working in military contract industries, high tech arms manufacturing and such. They lobby Gov and benefit financially as do their employees.
I wonder if it does benefit arms R&D folks. At least, as someone not too well informed on the military stuff, it looks like the moral of the story has been that our high-end stuff hasn’t functioned as well as the price tag lead us to expect, and a bunch of cheap drones might be the way to go.
If I worked in military R&D I’d be worried that focus might shift away from the more speculative/less delivery-oriented/fun to work on products…
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#93[flagged]
I am a climate activist and I don't want this, because temporarily reduced supply and spiking prices do not do any long-term damage to the oil companies, if anything they just make more money. What I would like to see is a steep drop in demand resulting in lower prices because nobody needs to buy oil and gas anymore.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#94[dead]
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#95now 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-…
Given what has happened, I don't think Iran's dictators are going to be sleeping just fine for a while.
They have more dictators in store it seems.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#96Earlier 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…
I think you're misinterpreting that. Everything other than food and fuel went up 2.8%. Everything (including food and fuel) went up 3.8%. Therefore food and fuel went up more than 3.8%.
Therefore food and fuel went up more than 3.8%.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#97I 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…
It's actually very difficult to implement a change in our timeline on such a complex issue without causing a mix of positive and negative effects relative to your desired goal. It's very hard to impute whether anyone in the White House actually had a successful causal motive->plan->implementation->effect loop deliberately, but there are always high points, even of grotesque failure. Obviously it's not NET positive, b…
> It is now in a widely acknowledged catastrophic munitions stockpile crisis which Congress will have to fix via large, sustained investment;
How exactly is it positive to waste munition and thus force the congress to buy new munition? You will spend a huge amount of money to ... get where you was.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#98I 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 United States is simply an imaginary entity. Some people have been winning for quite a while.
Re: US inflation jumps to 3.8% as energy costs surge from Iran war
#99Earlier quoted context omitted.
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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.
Idealism is for the primaries. You knew with certainty that Chase Oliver wasn't going to win the presidency, which meant you were okay with either of the two candidates that definitely was going to win the presidency