| Trumpenomics 08:48 - May 19 with 7732 views | nrb1985 |
You have to laugh really.
Comes in telling the world he's going to bring interest rates down to help his base.
Cue enacting a raft of textbook inflationary policies and receiving a rating downgrade on Friday.
30yr treasury through 5% this morning and 10yr back above 4.5%.
Sure we'll hear lots this week about how it's Powell or Biden's fault... [Post edited 19 May 2025 9:35]
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| Trumpenomics on 09:49 - Mar 4 with 389 views | giant_stow |
| Trumpenomics on 09:46 - Mar 4 by SuperKieranMcKenna |
Yep, shipping largely brought to a halt, and the impact of the oil and gas prices feeding through to inflation is already estimated as a 0.1% to 0.15% to hit to global GDP growth. Maybe doesn’t sound much in percentage terms but it’s huge in Dollar terms, and likely to worsen the longer the conflict goes on.
Iran, in addition to civilians are deliberately targeting energy infrastructure and logistics, with damage to sites in Kuwait, Saudi, Qatar, and UAE. Some have shut down as a precaution, as you rightly say this will all feed through to inflation which has already proven sticky. |
If Iran can hang in there, they may have already won this conflict. Ukraine's managed it against a much bigger aggressor afterall... |  |
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| Trumpenomics on 09:57 - Mar 4 with 367 views | Swansea_Blue |
Can’t we strike a deal where Iran is allowed one tactical strike on the US leader and then we call it quits? A bit like knuckles at school 
There’s nothing worse than a dangerous unpredictable moron. |  |
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| Trumpenomics on 09:58 - Mar 4 with 363 views | Whos_blue |
| Trumpenomics on 09:57 - Mar 4 by Swansea_Blue |
Can’t we strike a deal where Iran is allowed one tactical strike on the US leader and then we call it quits? A bit like knuckles at school
There’s nothing worse than a dangerous unpredictable moron. |
Or slaps! |  |
| Distortion becomes somehow pure in its wildness. |
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| Trumpenomics on 10:01 - Mar 4 with 356 views | nrb1985 |
| Trumpenomics on 09:46 - Mar 4 by SuperKieranMcKenna |
Yep, shipping largely brought to a halt, and the impact of the oil and gas prices feeding through to inflation is already estimated as a 0.1% to 0.15% to hit to global GDP growth. Maybe doesn’t sound much in percentage terms but it’s huge in Dollar terms, and likely to worsen the longer the conflict goes on.
Iran, in addition to civilians are deliberately targeting energy infrastructure and logistics, with damage to sites in Kuwait, Saudi, Qatar, and UAE. Some have shut down as a precaution, as you rightly say this will all feed through to inflation which has already proven sticky. |
My contrarian view is that they probably didn't mean to kill the Ayatollah in the first round of strikes because he's the guy you negotiate with and his only leverage was always keeping the strait open.
Now who are they negotiating with? Pirates and terrorists it would seem...
As you say, they are now targeting infra in the other GCC countries. The Ayatollah I'm not sure would ever have dared but now they're in an extinction situation what leverage does anybody have on them?
Market seems to be waking up to the fact now this is unlikely to done in a few days. Albeit I hope I'm wrong. | | | |
| Trumpenomics on 10:02 - Mar 4 with 351 views | SuperKieranMcKenna |
| Trumpenomics on 09:49 - Mar 4 by giant_stow |
If Iran can hang in there, they may have already won this conflict. Ukraine's managed it against a much bigger aggressor afterall... |
I don’t think it will be any way a win for them, they are in financial crisis even before the attacks, and their currency decimated. Furthermore they’ve largely been abandoned by their allies, China reduced dependence on Iranian oil, and reportedly the Russian’s refused to engage their SAM’s in Syria, or provide further stockpiles (likely they can’t afford to spare them from Ukraine).
The regime clinging on is the only ‘win’ for them. | | | |
| Trumpenomics on 10:12 - Mar 4 with 318 views | DJR |
| Trumpenomics on 09:46 - Mar 4 by SuperKieranMcKenna |
Yep, shipping largely brought to a halt, and the impact of the oil and gas prices feeding through to inflation is already estimated as a 0.1% to 0.15% to hit to global GDP growth. Maybe doesn’t sound much in percentage terms but it’s huge in Dollar terms, and likely to worsen the longer the conflict goes on.
Iran, in addition to civilians are deliberately targeting energy infrastructure and logistics, with damage to sites in Kuwait, Saudi, Qatar, and UAE. Some have shut down as a precaution, as you rightly say this will all feed through to inflation which has already proven sticky. |
All of this pales into insignificance compared to Bankster not being able to fill his van with diesel. |  | | |
| Trumpenomics on 10:43 - Mar 4 with 279 views | SuperKieranMcKenna |
| Trumpenomics on 09:42 - Mar 4 by giant_stow |
On the left, there's Modern Monetary Theory, which I have very little understanding of, but seems to run counter to prevailing central bank consensus. I know very little about it, but I believe Coach Rob off of on here might be a good explainer .
Edit: I think Polanski may also be borrowing some ideas from MMT too. [Post edited 4 Mar 9:46]
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We’ve printed 100’s of billions over the last decade plus since the GFC. Difference would be it goes to the public sector rather tha banks. However, the period subsequent has seen an unprecedented decline in living standards in the UK as we’ve pumped money into the economy devaluing our spending power. Japan is the most notable and a good case study, they largely underwrite their own debt, but have a stagnant economy and living standards despite largely avoiding ‘austerity’. Also by issuing so much debt you drive down the value of your currency making imports more expensive (and thus fueling inflation). | | | |
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| Trumpenomics on 11:23 - Mar 4 with 212 views | J2BLUE |
| Trumpenomics on 09:42 - Mar 4 by giant_stow |
On the left, there's Modern Monetary Theory, which I have very little understanding of, but seems to run counter to prevailing central bank consensus. I know very little about it, but I believe Coach Rob off of on here might be a good explainer .
Edit: I think Polanski may also be borrowing some ideas from MMT too. [Post edited 4 Mar 9:46]
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If anyone on here believes in Modern Monetary Theory I have some magic beans to sell you. |  |
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| Trumpenomics on 12:54 - Mar 4 with 111 views | BlueandTruesince82 |
I'm not sure they'll even bother with that, he'll just say rates are down and MAGA will belive him |  |
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| Trumpenomics on 13:15 - Mar 4 with 94 views | giant_stow |
| Trumpenomics on 10:02 - Mar 4 by SuperKieranMcKenna |
I don’t think it will be any way a win for them, they are in financial crisis even before the attacks, and their currency decimated. Furthermore they’ve largely been abandoned by their allies, China reduced dependence on Iranian oil, and reportedly the Russian’s refused to engage their SAM’s in Syria, or provide further stockpiles (likely they can’t afford to spare them from Ukraine).
The regime clinging on is the only ‘win’ for them. |
That's all fair enough and I agree that a win for Iran is indeed the regime clinging on, but I think the downside for the US, the west and even the rest of the world could be immense. If this carries on much longer, we'll find ourselves in yet more deep economic water, facing more high inflation which no one can really afford (govts or individuals). Trump in particular, could be ruined by this, with elections this year / previous promises to stay out of wars. Other govts could readily topple in such a world - if the regime clings on in those circumstances, I would call that a win for them. | |
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| Trumpenomics on 13:16 - Mar 4 with 92 views | giant_stow |
| Trumpenomics on 11:23 - Mar 4 by J2BLUE |
If anyone on here believes in Modern Monetary Theory I have some magic beans to sell you. |
I would love to know more about it, cos we might be living it in a few years! | |
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