“Just don’t lead him as much!”
That’s “peanuts” according to Trump. Nothing to worry about and if they lose bigly at the midterms, it’s clearly due to voter fraud and not American voters being upset about cost of living going up.
On another note, 42 US aircraft destroyed so far in this war with Iran.
“Do I pay for gas? No. Therefore I do not care.”
None of the major players of this conflict are operating on rational economic terms.
Trump: doesn’t care if Americans suffer or get poorer
Bibi: trying to stay out of jail and has delusions of grandeur.
Iran: surivival is what matters to them.
Markets still think they will act rationally (economically) so will end this conflict before things get really bad. But thats for the birds at this point.
Oil futures markets will eventually turn from backwardation to contango once they figure that out (probably once shortages of finished products start doing real damage to the world economy. US included).
Its not going to be pretty because that means a global recession at best.
Yay, much higher food prices coming…
Should pair well with the drought in the mid-western US.
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The U.S., meanwhile, has lost ground in the global wheat market to Russia and the European Union; national wheat acreage has dropped over the past several years for a variety of reasons, said Brad Rippey, USDA meteorologist.
I wonder if any of the land used for the terribly inefficient corn ethanol production can be used for wheat.
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The Trump folks are nostalgic for the “old days” so they are at least recreating 1973!
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Oops.
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Is Thomas accepting a bribe in that envelope?
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Whom do you believe:
**“President Donald Trump said Saturday that a broader agreement between the United States and Iran has been “largely negotiated” and that the Strait of Hormuz would be reopened, signaling potential momentum toward ending the monthslong war.”
“Iran’s state-affiliated Fars news agency has disputed Trump’s characterization, reporting that the Strait of Hormuz will remain under Iranian control according to the latest version of the proposal exchanged between the US and Iran. The outlet said that Trump’s claims about the Strait reopening are “not true” and “inconsistent with reality.”
“Although Iran has agreed to allow the number of passing vessels to return to pre-war levels, this in no way means ‘free passage’ as it existed before the war,” Fars reported.”**
When can I sell my energy ETF?
The liar?
No.
June is when the SHTF (predicted based on inventories) in terms of Hormuz, so if some sort of deal is agreed before then oil prices would drop. Sell then.
But based on the last few months, we could be looking at stop/start negotiations and a drip-drip-drip of ships passing through Hormuz, which could work to lengthen that timeline. This also gives Trump and his cronies more time for market manipulation
But all of this is simply a stalling tactic. The proverbial dam is still being built higher and higher while the supply problems mount. There is simply no way to replace the amount of oil, gas, and fertiliser that would be lost.
Iran knows this, so they will most likely stretch negotiations as much as they can to get closer to the November mid-terms.
So, so far the agreement is that we give them a boatload of money?
Which is one of Trump’s frequent criticisms of Obama’s deal with Iran.