The POTUS is learning that you can't just TACO yourself out of a war that you JUST started, no matter how the market reacts.
-
The POTUS is learning that you can't just TACO yourself out of a war that you JUST started, no matter how the market reacts. It turns out the market reacts badly to uncertainty, and the president just said he's going to keep bombing Iran for a few more weeks, maybe longer (probably if he'd said yeah we'll be wrapped up by April 20 the market would be like oh, okay cool). But it's not just everyone's savings and 401ks that are going to take a nosedive because of this war; a LOT of stuff that was already overpriced because of his arbitrary taxes is about to get way more expensive.
This
️ He has become so used to manipulating the markets that he assumes he can just pull back and he and his buddies can catch the upswing. But, like all pump and dump strategies, the risk is that something real and out of their control will upset the apple cart. In this case, wider unrest seems to be taking hold of the narrative.
-
The POTUS is learning that you can't just TACO yourself out of a war that you JUST started, no matter how the market reacts. It turns out the market reacts badly to uncertainty, and the president just said he's going to keep bombing Iran for a few more weeks, maybe longer (probably if he'd said yeah we'll be wrapped up by April 20 the market would be like oh, okay cool). But it's not just everyone's savings and 401ks that are going to take a nosedive because of this war; a LOT of stuff that was already overpriced because of his arbitrary taxes is about to get way more expensive.
@briankrebs A large part of the world’s oil goes through the Hormutz Strait.
But more importantly, 80% of the food that US allies in the region need comes in through that same waterway, which is now blocked.
USA could have to invade to open the strait, if Iran refuses talks. The escalation trap has been set.
There is also a real risk an even more hard-line and aggressive Iran comes out from this.
-
The POTUS is learning that you can't just TACO yourself out of a war that you JUST started, no matter how the market reacts. It turns out the market reacts badly to uncertainty, and the president just said he's going to keep bombing Iran for a few more weeks, maybe longer (probably if he'd said yeah we'll be wrapped up by April 20 the market would be like oh, okay cool). But it's not just everyone's savings and 401ks that are going to take a nosedive because of this war; a LOT of stuff that was already overpriced because of his arbitrary taxes is about to get way more expensive.
@briankrebs This won't stop. It isn't his war; and he's not the one driving it. More importantly, where is Putin on this? Previously, there were nuclear threats from Medvedev if Iran got attacked. Now, Putin is conveying "Arab concerns to Iran about attacks on oil infrastructure." What was he promised to stand by?
-
@briankrebs This won't stop. It isn't his war; and he's not the one driving it. More importantly, where is Putin on this? Previously, there were nuclear threats from Medvedev if Iran got attacked. Now, Putin is conveying "Arab concerns to Iran about attacks on oil infrastructure." What was he promised to stand by?
oil prices going up is good for Russia
-
oil prices going up is good for Russia
@darwinwoodka @briankrebs That's right.
I forgot to mention there are elections in October (Israel) and November (the US.)
-
The POTUS is learning that you can't just TACO yourself out of a war that you JUST started, no matter how the market reacts. It turns out the market reacts badly to uncertainty, and the president just said he's going to keep bombing Iran for a few more weeks, maybe longer (probably if he'd said yeah we'll be wrapped up by April 20 the market would be like oh, okay cool). But it's not just everyone's savings and 401ks that are going to take a nosedive because of this war; a LOT of stuff that was already overpriced because of his arbitrary taxes is about to get way more expensive.
@briankrebs *Very* sarcastic question from the rest of the world: Will the US-Americans finally manage to stop this guy in the nearest future, or will a foreign country have to attack the rogue regime in Washington in order to help the insurgents achieve democracy? #VeryStrongSarcasmAlarm
-
@briankrebs Not to mention spiking oil prices
@wandrecanada which means, BTW, spiking food prices. @briankrebs
-
The POTUS is learning that you can't just TACO yourself out of a war that you JUST started, no matter how the market reacts. It turns out the market reacts badly to uncertainty, and the president just said he's going to keep bombing Iran for a few more weeks, maybe longer (probably if he'd said yeah we'll be wrapped up by April 20 the market would be like oh, okay cool). But it's not just everyone's savings and 401ks that are going to take a nosedive because of this war; a LOT of stuff that was already overpriced because of his arbitrary taxes is about to get way more expensive.
@briankrebs This administration is a shit show dumpster fire of a disaster sprinkled with Israeli influence and pedophilia on top.
Trump said hopefully Iran will come to negotiation table...... .... Don't know if he noticed that red flag raised on mosque.... That means gloves are off and no more negotiations. The negotiations Trump killed after launching his WWIII strike killing their supreme leader.
Trump said its about regime change and deadly protest killings CIA probably started.
Now it's about them having nuclear capabilities.
Finally Rubio admitted that Israel was stupidly about to bomb them and would be annihilated without US intervention.
Israel has been the root of the problem IMO. Forget Oct 7th which they could have stopped. They allowed it. They knew about it. They wanted this and now everyone needs to suffer.
-
@briankrebs none of this makes any sense unless you take the position that this guy was installed on purpose to ruck everything up and make us weaker. That is really the only story that makes sense. But I guess I’m the only one still talking about the Manchurian Candidate.
I'm with you Suzanne. People smart enough to consolidate this kind of power are smart enough to figure out the implications of their actions.
-
The POTUS is learning that you can't just TACO yourself out of a war that you JUST started, no matter how the market reacts. It turns out the market reacts badly to uncertainty, and the president just said he's going to keep bombing Iran for a few more weeks, maybe longer (probably if he'd said yeah we'll be wrapped up by April 20 the market would be like oh, okay cool). But it's not just everyone's savings and 401ks that are going to take a nosedive because of this war; a LOT of stuff that was already overpriced because of his arbitrary taxes is about to get way more expensive.
@briankrebs I'm old enough to remember when U.S. military might made quick work of those pyjama-wearing Vietcong.
