Whenever I see someone driving around a rusted out beater with Trump stickers on it I can't help but think how those idiots can't even get their own lives in order but they think they know how to run a country?

Posted by jpw

Last year, I was driving thru rural Wisconsin with my uncle.

I remember passing a couple of decrepit farm houses with junk on the porches and lawns, flying huge Trump flags from backhoes by the road.

Idiots. If they were farmers, they're sure getting a feel for what they voted for; a narcissist who couldn't care less about them. Whose actions have caused their costs to rise dramatically, with falling prices and ever shrinking markets. All by himself.

They're witnessing Trump without the guardrails he had during his first term, i.e. administration officials who prevented him acting on his worst instincts. This is full Trump. And it ain't good for anyone but people who fly private.

BTW, Trump and his three male spawns are cashing in billions from their crypto scam. The fans he scammed will end up with squadoosh.

10-Yr Treasury Yield Hits 5% - Highest in Years

The move in the key benchmark could mean higher costs for Americans who want to buy a home, finance a car or take out other loans.

It also means America will be paying more to borrow money.

Debt service is America's largest budgetary item. Bigger than defense, even.

All thanks to Republican tax cuts and spending like sailors on stuff that doesn't help average Americans in the least.

Bush & GOP began this road with annual deficits of over $1 Trillion. They more than doubled our national debt, and created systemic deficits.

Trump I & II have been a financial disaster. Current year deficit is projected to be over TWO TRILLION DOLLARS!

Taiwan must be getting nervous. USS Roosevelt is still hanging out in San Diego.

Posted by REDIAL

China, after witnessing how inept our CiC and Sef Def are, coupled with America's strategic petroleum reserve being so low, must think a war over Taiwan would be a slam dunk for them should they decide to act. We shouldn't be surprised if and when they do.

Trump could have refilled it when oil prices were low, but for some idiotic reason didn't choose not to.

Voting by mail has already begun in states including Alabama, North Carolina and Wisconsin, with more soon to follow " including Western states such as Hawaii, Oregon and Washington, where elections are held primarily or fully with mail ballots.

"The advantage in most negotiations usually goes to the side that has time on their side and is willing to be patient," and Iran is "willing to suffer," Quantum Capital Group CEO Wil VanLoh said at the Austin conference. "Their people have already suffered a lot for many decades."

Analysts say China is in part helping to exacerbate the global supply pinch, resuming bigger purchases from international suppliers after relying for months on its own stockpiles of crude for nearly half of its daily consumption, which had provided a reprieve for oil markets.

PS - It was pretty obvious the Houthis would see what Iran was doing, knew SA rerouted oil to the Red Sea, and that cutting that supply off would hurt the world economy like Iran has successfully been doing with Hormuz. As you know, the Bab el-Mandeb Strait is narrower than Hormuz. And Iran hasn't had any problem preventing oil tankers from leaving.

This past weekend, less than 10 ships exited the Strait of Hormuz.

That should tell us everything we need to know about the truth of the matter over what Trump says on any given day. He may as well be talking about COVID in 2020, "it's going to go away ..." yada yada yada.

We're f'ed for the foreseeable future.

So when the oil prices were declining back to pre-conflict levels before the Yemen front opened, their Hormuz only strategy was not working. Right?

#87 | Posted by sitzkrieg

At no point since Trump started this war have more than single or low double digit number of ships exited the Strait.

Based on what I've seen (checking oil futures), the only time they've gone down is when Trump made some claim that wasn't true. They'd bounce right back up once markets realized it was all hot air with no basis in fact.