“Trump’s war in Iran has wiped out 1.5 years of wage growth,” Economic Policy Institute The Trump administration’s decision to start a war with Iran has imposed disastrous costs (both economic and humanitarian) around the world. The U.S. has been insulated from these costs more so than most other countries. Yet, even here the costs […]
Elite opinion so far seems to be running against the deal, but the public may be won over. If the deal holds up, gas prices will come down. In addition, the economy will strengthen and the risk of recession will go down. This is why I thought Trump might just walk away from the war […]
“The best way to see this is that none of the further negotiation parts of this deal are going to happen. Those provide each side, but especially the U.S. with a figleaf to sell their respective publics. This is really just an agreement to stop. The U.S. will have achieved none of its strategic objectives […]
Presumably the deal is embarrassing to either Iran or the Trump administration (or possibly to both parties). My guess is the embarrassment is on Trump. He gets nothing except the end of the global oil shortage he caused. The Iranians will get a large financial benefit in one form or another – a benefit that […]
An update on a global energy issue. This abbreviated report from Oil Price is written by Alex Kimani. It is abbreviated by me so as to make it an easier and a quicker read at Angry Bear. It is mostly a copy of what has been presented by Oil Price. The link is there if you […]
This does not look like it is going away any time soon. Iran is striking back. Worth reading even if brief: Iranian state media reports Tehran may be suspending ceasefire talks. U.S. and Iranian strikes resume over the weekend. Nuclear talks stall as U.S. leadership continues to temporize. Qatar open to temporary Hormuz fees for mine-clearing. Aid groups warn of resource shortfall for millions displaced […]
Just about the time we get the economy under control, someone from another country (who is in trouble) convinces Trump we need to attack a different country. Some how, the deal maker is always suckered in. The nation is going to pay for it in the long haul. Taken from Newsweek.”Inflation Jumps to Highest Level.. […]
Kerry told MS NOW’s Jen Psaki on “The Briefing” that the president’s Truth Social posts –– an expletive-laden post on Sunday and a Tuesday threat that Iran’s “whole civilization will die” –– left him “as shocked as I’ve been by anything that I have seen or read by this administration, in the first administration and now in the second.” […]
Trump’s Never-ending War and Trump’s Never-ending Tariffs are pushing up Never-ending price increases “Why Consumers are F*cked” Robert Reich Energy Secretary Chris Wright’s admission yesterday that it “could be next year” before gas prices return to below $3-a-gallon is causing trauma in Republican circles because “next year” is after the November 3 midterm elections. Initially Trump said he could […]
It’s consistent with how other countries, organizations, and people have defeated him. We are supposed to negotiate before the war, not during it. Trump was not going to do it anyways. He had another 12 threats to make. Some remarks by Robert Reich. And the fool to both the world (and Israel too) is looking […]