Relevant and even prescient commentary on news, politics and the economy.

Trump’s War

“Obama’s Museum, Trump’s War, & the NCAA’s Latest Sports Scandal,” Kareem Takes on the News “Trumps’War“ Summary:  The U.S.-Iran deal announced this week ends roughly five-and-a-half weeks of intense military conflict plus two additional months of uneasy truce, with the primary concrete outcome being the reopening of the Strait of Hormuz to global shipping. President […]

Finally, John Kerry asked in-depth regarding Iran

Since the start of the war with Iran, I have been wondering why we had not seen an interview with John Kerry about this. I would have thought he would have been someone to talk to from the beginning. After all, he is most credited with the agreement we had with Iran before Trump did […]

Stable genius and dealmaker

In his low-energy April Fools Day speech last night, Trump showed he hasn’t a clue how the world supply chains work: “In Wednesday night’s address to the nation, President Trump declared, “We’re now totally independent of the Middle East, and yet, we are there to help.” “We don’t have to be there — we don’t […]

TDS and the economics of Trump’s war on Iran

The Trumpenproletariat loves to point to those who disagree with Dear Leader as having Trump Derangement Syndrome. But like everything they accuse others of, it’s what they’re guilty of. “A week ago I asked whether global energy markets have “Trump Derangement Syndrome.” I was being a bit arch because I didn’t mean in the sense […]

It’s not just the gasoline

The de facto closing of the Strait of Hormuz resulting from Trump’s little war impacts supply chains besides transportation. “Farmers in the U.S. and Canada, who were already worried about prospects for another year of low profits or losses, now could have spring planting disrupted as they struggle to find fertilizer, ‌and prices for any […]

Versatility of conviction in Iran

The justifications for the war on Iran were kind of a dog’s breakfast. Among those mentioned were regime change and unconditional surrender, which promised a long commitment and boots on the ground. Looks like the stock market and oil prices got through to Cadet Bone Spurs. “What this all comes down to is that the […]

A time of reckoning

Much is being made of the probable consequences of Trump’s Iran war for the US economy and the midterm elections. And “it’s the economy, stupid” still describes the dominant consideration in the minds of American voters. But to the extent that foreign policy affects the ballot box, the fact that Trump’s invasion is a proxy […]

Here we go again

During the Vietnam war, we were told Americans were fighting and dying because of the domino theory—that if the dictatorship in South Vietnam fell, the communists would take over all of Southeast Asia and India. It was a lie. During the US invasion and military occupation of Iraq, we were told that Americans were fighting […]