Inflation isn’t just coming from oil anymore. Fertilizer, shipping lanes, food prices, and geopolitical stupidity are now tangled together in one giant economic hairball.
Very well said Fred! And yes, the political blame game has already begun, it doesn't even have to make sense for some people to toss it out there! I told one person they needed more education! I know, may have lowered my standards, but, it's out there now LOL When someone insults others' intelligence so badly, it's difficult to be quiet.
Trump can claim the winning trifecta with the attack on Iran!
Politically he's guaranteed the vote of the evangelicals by supporting Israel. Those folks are pretty convinced that the second coming and Armageddon can't happen until Israel controls the Middle East. Attacking Iran was a big step toward the Apocalypse.
Financially he guaranteed the augmentation of his fortune with investments made based on market changes responding to his on again, off again peace agreements, blockades and general fumblings. Here we have history's biggest grift, enacted by the world's most successful con man!
Emotionally he got to pound his flabby chest as the might of the U.S. military was displayed for the world to see. This would ensure that all those supposed allies would know who was the biggest cheese in the world, if they couldn't tell by his bronzing.
As to inflation and the fate of the people, he's made it clear that he doesn't really think about it. It doesn't affect him; his needs are met by the government and Ronny McD.
All this on top of his national tax scheme through tariffs! He must be tired of winning by now.
The biggest problems I see are that too many people driving policy in the US have extreme tunnel vision.
To them, the market *is* the economy.
And they could not be more wrong.
The market is a casino - all the blinking lights and distractions and pretty shiny things and pretty shiny people. The thing they all forget is that the casino is built on a foundation of real-world “stuff” - energy, manufacturing, physical trade, logistics and supply chains, even the “trust” that keeps US Treasury Bonds afloat
And all of those structures are simultaneously at-risk, under stress, and eroding
But the casino will keep the lights flashing and the free drinks coming right up to the point where the building actually crumbles
The phrase I keep hearing from both trade and economic specialists is “the market underprices disruption in the early stages and then overreacts when it’s too late”
In other words, by the time you see the market crash/correction, it’s already far too late for short-term “fixes”
Very well said Fred! And yes, the political blame game has already begun, it doesn't even have to make sense for some people to toss it out there! I told one person they needed more education! I know, may have lowered my standards, but, it's out there now LOL When someone insults others' intelligence so badly, it's difficult to be quiet.
Sometimes stupidity walks into the room wearing confidence, Patsy. Hard not to react 😄
Haha exactly Fred!
Trump can claim the winning trifecta with the attack on Iran!
Politically he's guaranteed the vote of the evangelicals by supporting Israel. Those folks are pretty convinced that the second coming and Armageddon can't happen until Israel controls the Middle East. Attacking Iran was a big step toward the Apocalypse.
Financially he guaranteed the augmentation of his fortune with investments made based on market changes responding to his on again, off again peace agreements, blockades and general fumblings. Here we have history's biggest grift, enacted by the world's most successful con man!
Emotionally he got to pound his flabby chest as the might of the U.S. military was displayed for the world to see. This would ensure that all those supposed allies would know who was the biggest cheese in the world, if they couldn't tell by his bronzing.
As to inflation and the fate of the people, he's made it clear that he doesn't really think about it. It doesn't affect him; his needs are met by the government and Ronny McD.
All this on top of his national tax scheme through tariffs! He must be tired of winning by now.
And meanwhile ordinary people get the privilege of financing all that “winning” through higher grocery bills, fuel costs, and interest payments.
Hell of a system Jim 😏
Right again, across the board.
The biggest problems I see are that too many people driving policy in the US have extreme tunnel vision.
To them, the market *is* the economy.
And they could not be more wrong.
The market is a casino - all the blinking lights and distractions and pretty shiny things and pretty shiny people. The thing they all forget is that the casino is built on a foundation of real-world “stuff” - energy, manufacturing, physical trade, logistics and supply chains, even the “trust” that keeps US Treasury Bonds afloat
And all of those structures are simultaneously at-risk, under stress, and eroding
But the casino will keep the lights flashing and the free drinks coming right up to the point where the building actually crumbles
The phrase I keep hearing from both trade and economic specialists is “the market underprices disruption in the early stages and then overreacts when it’s too late”
In other words, by the time you see the market crash/correction, it’s already far too late for short-term “fixes”
Exactly Earl... The flashing scoreboard distracts people from the cracks in the foundation.