The gap between the charged-up price action on Wall Street…and the depressing ground of the macro world....must be closed. What will spark a correction, we don’t know.
Mr. Pallies, So are you already saying that the hard-left Democrats will take over the House with 5.5 months to go before independents start early-voting in mid-Oct.? If so, what are the Democrats’ solutions to the major problems facing the U.S.? I can’t find any info from Rep. Jeffries & Sen. Schumer about what their solutions are outside of them not supporting the conflict with Iran. And this is a problem I have with Bill. He daily bashes Pres. Trump, but is almost totally silent about Jeffries and Schumer. Once in awhile he will try to cover himself with a whopping—one---paragraph admitting that the GOP would do a better job than the Democrats in managing the U.S.’s decline, but that’s about it. It would be nice to see some balance from Bill. But I won’t hold my breath.
However I am non-political and at 68 have NEVER voted for anyone in any election but I really don’t see any indication that the Dems were trying to solve anything but merely succeeding in lining their own pockets. Greed is the major issue imo.
I can only hope and pray that things will improve for the average citizen.
I am suggesting only that "mid-terms will tell us what the rest of us think." If people as a whole think that Iran is worth it, then they may vote red and support the current admin. If they feel it's not, and that the rising prices (which seem likely to me) are Trump's fault, they may vote blue.
For me personally, (a 3 time Trump voter), I can already say, it's not worth it. No part of that statement is intended that team blue would be better.
You may well be right on that. If it's true, I'd be inclined to give them (or perhaps I should say "us") a pass on that. If I'm informed correctly, 50% of us are living paycheck to paycheck. I think that makes voting on economics, as experienced personally, very understandable.
Another interesting read from Bill. To be sure those in the "know" are staying out of the stock market however, not many are in the "know" and will be financial hurt, there will be no escape.
So that part of the missive, while redundant, was nevertheless a warning that big losses are somewhere on the horizon so planning and protection are important. Yet Bill continues to denigrate the war effort and uses the legacy media to support his quagmire thesis. Does he not understand that Iran with nuclear weapons and the ballistic delivery system that can reach Europe and maybe the homeland, and the religious belief system which mandates that they use the weapons, is enough reason to support the war? But he never ever mentions it. Why?
Curious - why does Israel have nuclear weapons? Israel doesn't need nuclear weapons. And why does the U.S. allow North Korea to have nuclear weapons? And, why Pakistan? But it is so horrific that Iran may have a nuclear weapon? So much BS
Well to answer that you need know your Quran and Hadith. Islam believes that the "end of times" (Yawn al Quyamah) the day of Resurrection/Judgement Day when Jesus will return to fight evil. There are those in the Islamic theocracy, it is believed by many Western scholars, that the clerics would hasten the End of Times with Nuclear Armageddon as it fits nicely into their reglious doctrine.
Iran had 39 years to build a nuclear weapon. Shia is different than Sunni. The Iranian Ayatollah declared a Fatwa, no nuclear weapons. Israeli Jews have become crazy diabolical in their intent to kill; Zionist Christians want to kill; Pakistan is moslem; Saudi Arabia has probably bought a bomb. The Russians are about to nuke the Europeans.
It is only an amount of time till someone blows up the world and the least likely is Iran. They are doing great with the Gulf.
Where do you get your information? Kill all the Jews in the world? Why didn't they start in their own country killing Jews? Why did they wait for Israel to destroy a synagogue in Tehran? Why did an Iranian Jew say the following: The Zionist regime showed no mercy towards this community during the Jewish holidays and attacked one of our ancient and holy synagogues,” said Homayoun Sameyah Najafabadi, the Jewish community’s representative in the Iranian Parliament.
Not even close. Christ said turn the other cheek; and proselytize for followers. Islam say join our religious beliefs or live as second class citizen at best. Christianity persuades Islam demands with consequences for apostates.
Here's a quote from the son of Evangelical Christian Ministers: "The message we heard in church was that end-times prophecy was unfolding in front of our eyes and God needed our help to speed up the process toward an apocalyptic Armageddon that would ultimately culminate in the return of Christ." Sure, some followers of Jesus believe in turning the other cheek and not forcing Christianity on others but just read up on how the "Christians" forced their beliefs on indigenous people and slaves in the American continent.
You are a smart person so you know you can't generalize from the the specific to make a generalized argument. That may be one minister's point of view but it is not mainstream Christian thought.
perhaps it is because they already have them, Iran does not. Additionally, Irans religious zealots see their eschatology requiring bringing about a chaos period, wars and destruction to usher in the 12th Iman, which they say is a requirement for his return…that is why.
Well, would Trump, Hegseth, Rubio, Netanyahu, and even you Tom be over there bombing the hell out of Iran if they actually had Nukes? I don't think so. In fact, I believe the entire world would better off. We both know a lot of the human species, in that part of the world, would be living a better life than they actually are.
Not sure the world would be a better place but no, I would not be bombing if Iran had nuclear bombs, but then, isn't that the point? Bomb while you can to achieve a nuclear free Iran and a safer world.
Safer world? The U.S. is the most horrific nation in the World. It has killed more people by far than any other nation. The CIA along with Mossad and the British M16 have attacked so many nationals since the 1950 to be beyond believe. A safer world would be the U.S. and Israel without nuclear weapons. And the U.S. hegemony is coming to an end along with its naval power. Like the battleship before the aircraft carrier, warfare technology have made it obsolete. The world it is a-changin' as good ol' Dylan sang. For us peons in the U.S. it is going to be ugly.
Tom, I think if you would do a little research, you would find the agricultural planting season is in full swing in the northern hemisphere.
Suggest you drive out to the main agricultural district, where you live, climb over the fence and interrupt that tractor driving farmer, to tell him on how it is China's and Russia's fault that he does not have any fertilizer and/or diesel to finish his spring planting.
I hate to get so personal, but I'm an 88-year-old farmer. The cost and availability of fertilizer and fuel during spring planting season is non-negotiable. A farmer cannot simply erase such realities by typing unrealistic words on a keyboard. Plus, the starving world citizens this fall will be governed by such nonsense.
Your solution "Bomb while you can" deserves and will be dealt with!
I think it is obvious the stock market is weakening and Wall Street is pushing stocks onto the less knowledgeable. Same old corrupt game. Trump is fighting the cartels that are part of the corruption and a big part of the money behind the left but the left may not love their supporters but they have no choice but to support them politically or get destroyed as society realizes the connections. There isn't much enticing about a depression except the fight against corruption could increase. If we ever want an America that actually can move in a positive direction the corruption must be defeated moving back to a subdued lifestyle that is more realistic and with less debt. In my opinion society doesn't move forward without a hell of a lot of hard work and most of the noses to the grindstone and less spending what everyone doesn't have through credit. I'm betting we have reached the endpoint.
Could you provide evidence of their religious belief system that mandates using nukes? Is it anything like Israel's Samson Option that basically mandates taking everyone down with them if they believe their existence as a country is threatened. And they have over 200 nukes!
Abdul, I mean Cartero, never forgive never forget, never again. Don’t look now but the Saudi’s and other Arab countries are moving closer to normalizing relations with Israel. Must really piss iff Bonner. I certainly hope so. Am Yisrael Chai.
Never forgive who for what? Never forgive Israel for attacking the USS Liberty and murdering US sailors? Never forgive Netanyahu for preaching to our Congress since the 1990s that it was necessary to attack Iran? Never forgive Mossad for using Monica Lewinsky to blackmail Clinton (March 3, 1999. New York Post)?
The debt? Oh, baby, the debt! In the US, the numbers are so big they stopped being math and started being philosophy. “What is a trillion?” they ask, nobody knows! It’s just a sound you make before the economy coughs up blood.
Meanwhile, President Trump says,“Trust the system.” What system? This ain’t a system. This is a haunted pinball machine. Lights flashing, bells ringing, nobody knows who’s playing, and somehow you still lose. His economic strategy is bold. Not good, not coherent, but bold. Like juggling chainsaws during an earthquake and calling it a retirement plan.
Trump decides to poke a hornet’s nest overseas, then gets shocked when the hornets respond with… hornet behavior. Oil gets blocked, prices spike, farmers start doing math like it’s a horror movie. “If I can’t afford fertilizer, do I just apologize to the crops?”
Half the US population is living hand-to-mouth, and now the hand needs a loan just to reach the mouth. Gas prices are so high people are walking again, rediscovering legs like it’s a new feature update.
And the cars? People are trading in vehicles they already can’t afford for longer loans. Seven years. Seven!That’s not financing, that’s a relationship. You’re not buying a car, you’re entering a long-term emotional commitment with a depreciating liability. But hey, Wall Street is booming. Why wouldn’t it? The whole place runs on vibes, delusion, while China, Russia, and Israel are whispering, “It’ll be fine” and lighting cigars with burning spreadsheets.
Now I’m not saying the US is in trouble, but if it were a horse, they’d have already apologized to it.
You got President Trump saying there’s a plan. Absolutely! I think there is a plan. I just think it’s written in invisible ink and stored in a locked drawer labeled “Good Luck.”
They say the war is a small price to pay. I like that. Makes it sound like they found it in a discount bin. “Oh look, a conflict. Half off. We’d be fools not to buy it.”
And the majority is going along with it. Because what are they gonna do? The alternative is understanding it.
Meanwhile, the market hits new highs. Which is nice. It’s comforting. Like a man smiling during a dental procedure while the building collapses around him, and eventually, they say, the gap will close. Between the fantasy upstairs and the mess downstairs. Yeah. It’ll close alright, again, gravity’s real good at that.
The bag holders drive up oil and shipping one day and Wall Street sells off their holdings after hours. Over and over again the big money is leaving on every rise. That's my guess as to why it up one day and down the next.
Bill has stated several times over the past few years, I think, that the average empire lasts about 250 years. However, the Roman empire withered away in decline for 300 years. What does that mean for the USA empire?
The Federal Reserve Balance sheet has been expanding under Powell. This money goes to the banks and Wall Street and will continue. This will continue the "Inflate or Die" theme.
Leave it Bill who never misses a chance to denigrate Israel and Jews. Bill, you’re a pig of an anti-Semite. Your consistency of hating my brethren is so boring and pathetic. YOU help create a world where Jews face a world like 1930’s Germany. Heil Bonner!
There was an article about Von Mises critique of planned economies on Substack. When the government confiscates capital and directs, it always misallocates. With debt as big as GDP, there is no market. Add giant corporate oligarchs and the common man is left out of the equation. Decisions are based on the benefit to the few ruling elite, the MICSI, foreign affairs and war. Self preservation of power and money flow are most important, control of the serfs.
They build weapons and data centers. Data centers will double the need for energy they also use 5 million gallons of water a day for cooling.
Trump’s war on Iran is pointing out the dangers of products produced in one place and the need to transport to the world.
The world’s population lives in cities, a few well placed missiles and the fantastic infrastructure of Arab oil rich countries collapse overnight, uninhabitable.
One guy pointed out the lack of sulfur, it means no mining of minerals.
We produce billion-dollar planes, half trillion-dollar carrier groups, multi million-dollar rockets which we fired and cannot replace, and Iran controls the destiny of the world with 100k rockets.
The Deep State is a farce.
Only China cares about the American consumer, they divine a need and fill it. They built a 50 trillion-dollar manufacturing infrastructure and we destroyed America.
Bill - Understanding your primary focus is on economics with its attendant number clarity, your readers may appreciate some political balance when you veer into that territory. Victor Davis Hanson’s recent piece, “Iran: A Longer View” may counter your current negative view of what may or may not be happening with the politics of oil.
With all this debt maybe people will go back to the old days of paying cash for a cheap secondhand car. A loan for a house that appreciates is ok but a loan for a car that becomes worthless is crazy. And as for bnpl why can't people just wait?
I'm thinking that the stock market will continue to be propped up but many ordinary people will be without jobs or housing and they then may be forced to change their habits.
The stock market is crazy up right now in spite of our debt and inflation. I have no idea when it will end either. However, I've positioned my portfolio so I can control when to get out when the market tanks.
Well, with the current technology that could easily be done.
Most of the sightings of UFO, s are probably generated as visual projections, or drones so a fake "alien invasion" would be a great opportunity to reduce the human population'
And it's all down to stupid people wanting total control.
I watch the PGA golf tournaments and the size of spectators,if food becomes short IN THE US due to this war and US citizens only receive 50% of their now daily intake of food not one will starve.If US citizens bought a 2 litre petrol sedan car,5$ a gallon fuel would mean nothing to them and they could still travel the same distances in comfort.
Ray Dalio recently explained the future disaster of the US debt to congressman,their answer,address it and you wont be in power.
The US has for 50yrs printed on bits of paper their road to wealth while the rest of the world has had to actually produce something to create wealth,result,GAME OVER,in future you may have to actually produce something to become wealthy.
I fully agree with what Trump is doing as history shows from the day Chamberlain returned from meeting Hitler and proclaimed PEACE IN OUR TIME,the socialist negotiators have compromised with dictators resulting in 50yrs of bad outcomes.
To end my rant ive found in over 80yrs of life NO PAIN NO GAIN.
"But when it happens, speculators are likely to find themselves on open ground, with a dark thundercloud overhead...and a puddle beneath their feet."
Yup. And a high tension electrical line dropping into said puddle.
"But the market always goes up! Buy the dip!"
When I was a lot younger, I got financially stung by foolishness like that. I'm a LOT more cautious now ---. Sometimes the only thing that makes people learn it the school of hard knocks. Like a 2x4 up side the head. But some people will never learn (Einstein's definition of insanity).
And pardon my cynicism, but Mark Twain nailed it: "If voting really changed things, they wouldn't let you do it." Both sides are corrupt. A pox on both houses.
Finally, a ray of sunshine that perhaps its not all Trumps fault here is the ray “seismic global conflict, but rather a total bipartisan abdication of making hard choices”. Indeed. It no longer pays to vote, no matter the outcome we get the same. Left wing, right wing, same nut.
"Team Trump says that whatever we pay for the war is a small price to pay for whatever it is that they expect to gain from it."
I disagree. I imagine that mid-terms will tell us what the rest of us think.
Mr. Pallies, So are you already saying that the hard-left Democrats will take over the House with 5.5 months to go before independents start early-voting in mid-Oct.? If so, what are the Democrats’ solutions to the major problems facing the U.S.? I can’t find any info from Rep. Jeffries & Sen. Schumer about what their solutions are outside of them not supporting the conflict with Iran. And this is a problem I have with Bill. He daily bashes Pres. Trump, but is almost totally silent about Jeffries and Schumer. Once in awhile he will try to cover himself with a whopping—one---paragraph admitting that the GOP would do a better job than the Democrats in managing the U.S.’s decline, but that’s about it. It would be nice to see some balance from Bill. But I won’t hold my breath.
I concur.
However I am non-political and at 68 have NEVER voted for anyone in any election but I really don’t see any indication that the Dems were trying to solve anything but merely succeeding in lining their own pockets. Greed is the major issue imo.
I can only hope and pray that things will improve for the average citizen.
I am suggesting only that "mid-terms will tell us what the rest of us think." If people as a whole think that Iran is worth it, then they may vote red and support the current admin. If they feel it's not, and that the rising prices (which seem likely to me) are Trump's fault, they may vote blue.
For me personally, (a 3 time Trump voter), I can already say, it's not worth it. No part of that statement is intended that team blue would be better.
Bill was bashing the Biden adminstration when they were in office. He is always against whoever is in office. Duh? Sad....
The midterms may well support your point of view but IMO that will represent those whom vote economics and know very little else.
You may well be right on that. If it's true, I'd be inclined to give them (or perhaps I should say "us") a pass on that. If I'm informed correctly, 50% of us are living paycheck to paycheck. I think that makes voting on economics, as experienced personally, very understandable.
Point well taken
Another interesting read from Bill. To be sure those in the "know" are staying out of the stock market however, not many are in the "know" and will be financial hurt, there will be no escape.
So that part of the missive, while redundant, was nevertheless a warning that big losses are somewhere on the horizon so planning and protection are important. Yet Bill continues to denigrate the war effort and uses the legacy media to support his quagmire thesis. Does he not understand that Iran with nuclear weapons and the ballistic delivery system that can reach Europe and maybe the homeland, and the religious belief system which mandates that they use the weapons, is enough reason to support the war? But he never ever mentions it. Why?
Curious - why does Israel have nuclear weapons? Israel doesn't need nuclear weapons. And why does the U.S. allow North Korea to have nuclear weapons? And, why Pakistan? But it is so horrific that Iran may have a nuclear weapon? So much BS
Well to answer that you need know your Quran and Hadith. Islam believes that the "end of times" (Yawn al Quyamah) the day of Resurrection/Judgement Day when Jesus will return to fight evil. There are those in the Islamic theocracy, it is believed by many Western scholars, that the clerics would hasten the End of Times with Nuclear Armageddon as it fits nicely into their reglious doctrine.
Iran had 39 years to build a nuclear weapon. Shia is different than Sunni. The Iranian Ayatollah declared a Fatwa, no nuclear weapons. Israeli Jews have become crazy diabolical in their intent to kill; Zionist Christians want to kill; Pakistan is moslem; Saudi Arabia has probably bought a bomb. The Russians are about to nuke the Europeans.
It is only an amount of time till someone blows up the world and the least likely is Iran. They are doing great with the Gulf.
Not to mention they wake up everyday and state their intention is to kill all the Jews in the world. JS
Where do you get your information? Kill all the Jews in the world? Why didn't they start in their own country killing Jews? Why did they wait for Israel to destroy a synagogue in Tehran? Why did an Iranian Jew say the following: The Zionist regime showed no mercy towards this community during the Jewish holidays and attacked one of our ancient and holy synagogues,” said Homayoun Sameyah Najafabadi, the Jewish community’s representative in the Iranian Parliament.
That sounds quite like what some Christian Evangelicals believe. Maybe all religions have sects that believe crazy things.
Not even close. Christ said turn the other cheek; and proselytize for followers. Islam say join our religious beliefs or live as second class citizen at best. Christianity persuades Islam demands with consequences for apostates.
Here's a quote from the son of Evangelical Christian Ministers: "The message we heard in church was that end-times prophecy was unfolding in front of our eyes and God needed our help to speed up the process toward an apocalyptic Armageddon that would ultimately culminate in the return of Christ." Sure, some followers of Jesus believe in turning the other cheek and not forcing Christianity on others but just read up on how the "Christians" forced their beliefs on indigenous people and slaves in the American continent.
You are a smart person so you know you can't generalize from the the specific to make a generalized argument. That may be one minister's point of view but it is not mainstream Christian thought.
The only good thing about a religion is that it controls their fanatics.
perhaps it is because they already have them, Iran does not. Additionally, Irans religious zealots see their eschatology requiring bringing about a chaos period, wars and destruction to usher in the 12th Iman, which they say is a requirement for his return…that is why.
Well, would Trump, Hegseth, Rubio, Netanyahu, and even you Tom be over there bombing the hell out of Iran if they actually had Nukes? I don't think so. In fact, I believe the entire world would better off. We both know a lot of the human species, in that part of the world, would be living a better life than they actually are.
Not sure the world would be a better place but no, I would not be bombing if Iran had nuclear bombs, but then, isn't that the point? Bomb while you can to achieve a nuclear free Iran and a safer world.
Safer world? The U.S. is the most horrific nation in the World. It has killed more people by far than any other nation. The CIA along with Mossad and the British M16 have attacked so many nationals since the 1950 to be beyond believe. A safer world would be the U.S. and Israel without nuclear weapons. And the U.S. hegemony is coming to an end along with its naval power. Like the battleship before the aircraft carrier, warfare technology have made it obsolete. The world it is a-changin' as good ol' Dylan sang. For us peons in the U.S. it is going to be ugly.
I think if you did a little research you would find that post WWll that China and Russia are responsible for most of the war related deaths
Tom, I think if you would do a little research, you would find the agricultural planting season is in full swing in the northern hemisphere.
Suggest you drive out to the main agricultural district, where you live, climb over the fence and interrupt that tractor driving farmer, to tell him on how it is China's and Russia's fault that he does not have any fertilizer and/or diesel to finish his spring planting.
I hate to get so personal, but I'm an 88-year-old farmer. The cost and availability of fertilizer and fuel during spring planting season is non-negotiable. A farmer cannot simply erase such realities by typing unrealistic words on a keyboard. Plus, the starving world citizens this fall will be governed by such nonsense.
Your solution "Bomb while you can" deserves and will be dealt with!
You nailed it Tom.
I think it is obvious the stock market is weakening and Wall Street is pushing stocks onto the less knowledgeable. Same old corrupt game. Trump is fighting the cartels that are part of the corruption and a big part of the money behind the left but the left may not love their supporters but they have no choice but to support them politically or get destroyed as society realizes the connections. There isn't much enticing about a depression except the fight against corruption could increase. If we ever want an America that actually can move in a positive direction the corruption must be defeated moving back to a subdued lifestyle that is more realistic and with less debt. In my opinion society doesn't move forward without a hell of a lot of hard work and most of the noses to the grindstone and less spending what everyone doesn't have through credit. I'm betting we have reached the endpoint.
Could you provide evidence of their religious belief system that mandates using nukes? Is it anything like Israel's Samson Option that basically mandates taking everyone down with them if they believe their existence as a country is threatened. And they have over 200 nukes!
Abdul, I mean Cartero, never forgive never forget, never again. Don’t look now but the Saudi’s and other Arab countries are moving closer to normalizing relations with Israel. Must really piss iff Bonner. I certainly hope so. Am Yisrael Chai.
Never forgive who for what? Never forgive Israel for attacking the USS Liberty and murdering US sailors? Never forgive Netanyahu for preaching to our Congress since the 1990s that it was necessary to attack Iran? Never forgive Mossad for using Monica Lewinsky to blackmail Clinton (March 3, 1999. New York Post)?
The debt? Oh, baby, the debt! In the US, the numbers are so big they stopped being math and started being philosophy. “What is a trillion?” they ask, nobody knows! It’s just a sound you make before the economy coughs up blood.
Meanwhile, President Trump says,“Trust the system.” What system? This ain’t a system. This is a haunted pinball machine. Lights flashing, bells ringing, nobody knows who’s playing, and somehow you still lose. His economic strategy is bold. Not good, not coherent, but bold. Like juggling chainsaws during an earthquake and calling it a retirement plan.
Trump decides to poke a hornet’s nest overseas, then gets shocked when the hornets respond with… hornet behavior. Oil gets blocked, prices spike, farmers start doing math like it’s a horror movie. “If I can’t afford fertilizer, do I just apologize to the crops?”
Half the US population is living hand-to-mouth, and now the hand needs a loan just to reach the mouth. Gas prices are so high people are walking again, rediscovering legs like it’s a new feature update.
And the cars? People are trading in vehicles they already can’t afford for longer loans. Seven years. Seven!That’s not financing, that’s a relationship. You’re not buying a car, you’re entering a long-term emotional commitment with a depreciating liability. But hey, Wall Street is booming. Why wouldn’t it? The whole place runs on vibes, delusion, while China, Russia, and Israel are whispering, “It’ll be fine” and lighting cigars with burning spreadsheets.
Now I’m not saying the US is in trouble, but if it were a horse, they’d have already apologized to it.
You got President Trump saying there’s a plan. Absolutely! I think there is a plan. I just think it’s written in invisible ink and stored in a locked drawer labeled “Good Luck.”
They say the war is a small price to pay. I like that. Makes it sound like they found it in a discount bin. “Oh look, a conflict. Half off. We’d be fools not to buy it.”
And the majority is going along with it. Because what are they gonna do? The alternative is understanding it.
Meanwhile, the market hits new highs. Which is nice. It’s comforting. Like a man smiling during a dental procedure while the building collapses around him, and eventually, they say, the gap will close. Between the fantasy upstairs and the mess downstairs. Yeah. It’ll close alright, again, gravity’s real good at that.
The bag holders drive up oil and shipping one day and Wall Street sells off their holdings after hours. Over and over again the big money is leaving on every rise. That's my guess as to why it up one day and down the next.
Bill has stated several times over the past few years, I think, that the average empire lasts about 250 years. However, the Roman empire withered away in decline for 300 years. What does that mean for the USA empire?
I imagine that the USA can limp along for many, many years, much longer than anyone thinks.
A bit like irrational markets lasting longer than it can remain solvent.
The Federal Reserve Balance sheet has been expanding under Powell. This money goes to the banks and Wall Street and will continue. This will continue the "Inflate or Die" theme.
Leave it Bill who never misses a chance to denigrate Israel and Jews. Bill, you’re a pig of an anti-Semite. Your consistency of hating my brethren is so boring and pathetic. YOU help create a world where Jews face a world like 1930’s Germany. Heil Bonner!
There was an article about Von Mises critique of planned economies on Substack. When the government confiscates capital and directs, it always misallocates. With debt as big as GDP, there is no market. Add giant corporate oligarchs and the common man is left out of the equation. Decisions are based on the benefit to the few ruling elite, the MICSI, foreign affairs and war. Self preservation of power and money flow are most important, control of the serfs.
They build weapons and data centers. Data centers will double the need for energy they also use 5 million gallons of water a day for cooling.
Trump’s war on Iran is pointing out the dangers of products produced in one place and the need to transport to the world.
The world’s population lives in cities, a few well placed missiles and the fantastic infrastructure of Arab oil rich countries collapse overnight, uninhabitable.
One guy pointed out the lack of sulfur, it means no mining of minerals.
We produce billion-dollar planes, half trillion-dollar carrier groups, multi million-dollar rockets which we fired and cannot replace, and Iran controls the destiny of the world with 100k rockets.
The Deep State is a farce.
Only China cares about the American consumer, they divine a need and fill it. They built a 50 trillion-dollar manufacturing infrastructure and we destroyed America.
Bill - Understanding your primary focus is on economics with its attendant number clarity, your readers may appreciate some political balance when you veer into that territory. Victor Davis Hanson’s recent piece, “Iran: A Longer View” may counter your current negative view of what may or may not be happening with the politics of oil.
“ We began the week amazed and baffled. It’s now Friday and we’re still amazed and baffled. “
BB.
You Completely Nailed the sentiment of, let’s say, 6.7854 Billion People on the Planet.
The rest are either blissfuly unaware Or are on the “Inside” making an absolute fortune.
Enjoy Your Time Down South.
Brian
With all this debt maybe people will go back to the old days of paying cash for a cheap secondhand car. A loan for a house that appreciates is ok but a loan for a car that becomes worthless is crazy. And as for bnpl why can't people just wait?
I'm thinking that the stock market will continue to be propped up but many ordinary people will be without jobs or housing and they then may be forced to change their habits.
The stock market is crazy up right now in spite of our debt and inflation. I have no idea when it will end either. However, I've positioned my portfolio so I can control when to get out when the market tanks.
who is proof reading your letter? There are multiple typos......
It only requires "one dot" to end a sentence.
We should make like Krugman a planned alien invasian. That would get the economy rolling again. Anyone know where he lives.?
Well, with the current technology that could easily be done.
Most of the sightings of UFO, s are probably generated as visual projections, or drones so a fake "alien invasion" would be a great opportunity to reduce the human population'
And it's all down to stupid people wanting total control.
I watch the PGA golf tournaments and the size of spectators,if food becomes short IN THE US due to this war and US citizens only receive 50% of their now daily intake of food not one will starve.If US citizens bought a 2 litre petrol sedan car,5$ a gallon fuel would mean nothing to them and they could still travel the same distances in comfort.
Ray Dalio recently explained the future disaster of the US debt to congressman,their answer,address it and you wont be in power.
The US has for 50yrs printed on bits of paper their road to wealth while the rest of the world has had to actually produce something to create wealth,result,GAME OVER,in future you may have to actually produce something to become wealthy.
I fully agree with what Trump is doing as history shows from the day Chamberlain returned from meeting Hitler and proclaimed PEACE IN OUR TIME,the socialist negotiators have compromised with dictators resulting in 50yrs of bad outcomes.
To end my rant ive found in over 80yrs of life NO PAIN NO GAIN.
CHEERS MAURICE PLIMMER N.Z.
"But when it happens, speculators are likely to find themselves on open ground, with a dark thundercloud overhead...and a puddle beneath their feet."
Yup. And a high tension electrical line dropping into said puddle.
"But the market always goes up! Buy the dip!"
When I was a lot younger, I got financially stung by foolishness like that. I'm a LOT more cautious now ---. Sometimes the only thing that makes people learn it the school of hard knocks. Like a 2x4 up side the head. But some people will never learn (Einstein's definition of insanity).
And pardon my cynicism, but Mark Twain nailed it: "If voting really changed things, they wouldn't let you do it." Both sides are corrupt. A pox on both houses.
Finally, a ray of sunshine that perhaps its not all Trumps fault here is the ray “seismic global conflict, but rather a total bipartisan abdication of making hard choices”. Indeed. It no longer pays to vote, no matter the outcome we get the same. Left wing, right wing, same nut.