The Mudcat Café TM
Thread #174576 Message #4236670
Posted By: Stilly River Sage
09-Mar-26 - 12:23 PM
Thread Name: Convicted felon US Prez 47/Don't Say His Name
Subject: RE: Convicted felon US Prez 47/Don't Say His Name
Don't make people go hunting to prove your remarks correct, offer the evidence so they can read or watch it when it is offered.
Trump is mangling the US economy and this "war" of his will only make it a lot worse a lot faster. America can’t afford Trump’s war with Iran for long The economy has already taken damage from inflation, tariffs and a government shutdown.
The blows are already coming. The war is costing the U.S. an estimated $1 billion a day, according to two congressional sources with knowledge of the matter. Oil prices are now forecast to go higher, while gas prices have already jumped to $3.32. It’s the highest price it has reached in either of Trump’s two terms. The situation is so in flux that gas prices are poised to climb higher than that after this article is published.
Gas is the least of it. W's war in Iraq was put on a credit card (borrowed money from China) - this one the US credit is in poor shape and that won't happen, it's coming from what should be spent for health care, infrastructure, etc. (There was an interview with, I think, Kara Swisher about this, but I can't find it now.)
Most of what I'm seeing that impacts his decisions is in the short term, based on investor's needs. If too many big investors cry out, he'll stop this war. Trump doesn't care about the general cost of living shot to hell with costs going up and housing (younger people buying houses in particular) becoming something out of reach. And he certainly doesn't care about destabilizing a huge swath of the world with this nonsense. (WTF about shooting an Iranian ship in the Indian Ocean? And more supposed drug runners, this time in the "Eastern Pacific?")
The U.S.-Israeli attacks against Iran have halted a weekslong rally in U.S. government bonds, pushing the yield on the 10-year Treasury note back above 4% and threatening higher borrowing costs for businesses and consumers.
The fight has sparked turbulence in stocks, a development that might normally cause investors to seek safety in bonds. But it has also fueled a jump in energy prices. And for now, that has been more important for investors, raising fears of a resurgence in inflation that drags on debt prices.