Greetings from Central Minnesota
Econ, politics and old movies
(Mute #TCMParty if it's not your cuppa)
Lisa
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"What this means is that private credit balance sheets are potentially a nuclear bomb waiting to detonate."
This is *exactly* how the generals used to talk about Vietnam.
"We hit this many targets, we killed this many hostiles, we 'liberated' this many villages..."
It took several years before journalists started asking if this was in service of actual military objectives. bsky.app/profile/ship...
Oh, that thing we broke?
NOT OUR PROBLEM
oh COOL, we're going there are we? nice nice cool cool cool very cool
"Nobody likes to invoke the spectre of another global financial crisis BUT..."
www.man.com/insights/vie...
yes
About 6 / day in March vs 135 / day pre-conflict
Per JP Morgan, most US oil deliveries stop ~ Apr 15
⏰
[Hope I am 💯 wrong about this]
Absolutely shocked by how ignorant / immune
most normally pretty well informed (!) people
AND everyone else is re: the impending
global economic recession and 2nd and 3rd
order impacts of Hormuz closed (or even
open-as-a-tollbooth)
Trump and his aides assessed that a mission to pry open the chokepoint would push the conflict beyond his timeline of four to six weeks.
emptywheel
on balance the world would be in a markedly better place right now if instead of attacking Iran Trump had just cut them a check for half a trillion dollars and done nothing else lol
Craig Harrington
Lisa
Katie Martin
jamelle
Just a reminder as stocks bounce today that anything up to about 6580 doesn't change much. Oversold stuff bounces, the really surprising thing for me was the afternoon selloff yesterday.
