So at the moment, it seems like Trump is willing to say he’s accomplished regime change, doesn’t need the Strait, and seemingly isn’t going after the uranium…so what exactly is the goal here
“.. Trump told aides he’s willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed .. likely extending Tehran’s firm grip on the waterway and leaving a complex operation to reopen it for a later date.”
@wsj.com
www.wsj.com/world/middle...
Conor Sen
Conor Sen
Conor Sen
When there are competing storylines for attention sometimes the one with immediate urgency overshadows the longer-term deteriorating one that ultimately matters more to the economy/markets.
At this point household wealth probably hasn't increased over the past 9 months, even at the top of the "K."
An observation not necessarily an analogy/prediction: in November/December 2000 there was noise about how Bush/Gore uncertainty was contributing to stock market weakness. In 2007/08 commodities were still strong even as housing was rolling over. Now oil/Iran are overshadowing tech stock weakness.
