Putin scale BS/\.

Nobody in the article thinks to consult with Congress or allies, much less let the American people know he's been lying all this time. I guess that would spoil a sneak attack assination set up so well by conducting contemporaneous negotiations. It's all, "What will the emperor decide."

Somebody should start thinking about how to rebuild after these clowns leave. The place will be a mess, also in need for efficient, not bureaucratic, restaffing.

The Farm Bill needs to protect farmers' working capital from freezing up in the coming depression. Big Finance could well crack and deliver us into another 2008-style credit crunch. The food supply is too important and Congress should carve out a special bank for farmers' planting to harvest needs.

GI Bill, VA home loan, etc., era afterward that delivered prosperity and stability, were Keynesian but delivered by the New Dealers. One of the few good things about the coming global Depression is the rubble that will be made of Finance, plus the opportunity to rebuild starting with the practical.

Not able to read the whole article, but wanted to insist that Keynesian economics was implemented by the New Deal Democrats, whose primary theme was pragmatism. Mamdani in NYC is of the same order. After being proven in the Depression, but also in the WW2 mobilization and in the Marshall Plan...

Where's the pitchbot? A historical blunder by a completely incompetent and corrupt nut creates the conditions for world-wide depression. The US does not survive as a world power. The NYT is looking for a clear path from a pile of BS. Sooner or later the delicate language becomes a parody of itself.

He didn't say too much about the coming economic collapse of this oil shock on top of the AI bubble and top-heavy financial system. Largely because he has no clue. Won't need clues in six months. The plain evidence will be in plain sight.

This blunder into Iran puts a historical oil shock right on top of an enfeebled economy under the pressure of a top-heavy financial system and political oligarchy. We're going to have to take advantage of the demand destruction and wealth destruction and political implosion and bring democracy back.

The full scale of the calimity is still to be seen. Dumping an unprecedented oil shock on top of an enfeebled domestic economy and top-heavy financial system means a deep recession, maybe two Covids deep (!). Trump has cemented his loss in the mid-terms, and it's the end of the US as a world leader.

Re- redistribution. The rich have gamed the system to absorb real wealth and make up financial wealth. The decline of Britain is in direct proportion to the rise in the dominance of Big Money. Restructuring is a better way, eliminating the cancers that drain our vitality.

Today and Trump is the end of a long and grinding takeover by the oligarchy, but this is the first world war since 1944.

surriptitious interference became "foreign policy" (e.g., the coup in Iran). Corporate power in the US rose in parallel with from the rise in idiocy of US foreign policy. It was not -- as portrayed in this article -- so simplistic a case of a US national hubris that finally found its comeuppance.

Not at all on board. Coming out of WW2 the US was by far the dominant power. It overcame its isolationist streak to produce the Marshall Plan, the UN, NATO and the policy of containment of the Soviet Union. The Republican Old Guard returned under Eisenhower to reassert control. It was then that ...

He doesn't look a day over 70.

This tanker is not fully loaded. Perhaps it is not a current photo.

Take Kharg Island for what? To be a target. Suicide.

Help do what? They've already bombed every installation above ground. Are they going to put the Israeli navy in there? The only way the Strait opens is if Iran opens it. That comes after the US leaves the region. That might be a long time.

Credit cards are already getting loaded up, ahead of the gasoline price shock. This is not good
#economycharts

With the US as it's guarantor, Taiwan is best looking for other options. Including a deal with China. That would shift the tech balance big time.

To say oil prices were embedded in labor costs in 2022 is incorrect, whatever the rest of the argument is. There was a demand-pull component from Biden's investments that is absent today, but that was separate and apart from any oil price effect.

Tulsi doesn't listen to Trump. ? Can you say "President JD Vance"? There is no way out of the Iran War with Trump as Prez.

It continues to annoy me to distraction that the Fed things the interest rate button is its only tool against inflation? And that it works the same way no matter what the cause of the inflation. It's what you get with a captured regulator, I guess.

How long will the Strait of Hormuz be closed? As long as Iran wants it closed. btw Closed only to the actors and allies of Israel and the US. After the unprovoked attack assissinating the Iranian leadership (and the bombing of a girls school).
#economycharts

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A case of the anti-semetic Nazi drawing the line between him and the semetic Nazi Netanyahu.

It's the anti-semetic Nazi coming out against Netanyahu, the semetic Nazi. Kent's mentor is Tucker Carlson.

#economycharts

Also from Pettifor, the spike in margin debt, that which turns drops in the stock market into systemic failure.