The Iran War (was Nuclear Program) thread

[jon-nyc]

[bachophile]

Former ambassador

[jon-nyc]

So is this Iran accepting the ultimatum, but phrasing it as their own ultimatum to sound better?

[jon-nyc]

I don’t know this guy, but he’s a macroeconomist who is followed by some respectable people and JD Vance.

[Mik]

Jesus.

[jon-nyc]

Trying to figure out how much hyperbole there is in his concern.

On the one hand, Saudi and even Qatar are not dominant players in gas. On the other hand (I just learned from an Odd Lots podcast on the subject) NG is far more expensive to transport and the logistics are very sticky due to pipelines and long term contracts. It’s not as much as a ‘one global market’ as oil is.

[jon-nyc]

[89th]

My wife just said one of our Alexa clocks is off by 2 minutes. If that doesn’t mean the world is out of sync I don’t know what to say.

[jon-nyc]

So Yanbu is THE major Saudi export hub for oil that doesn’t rely on the strait. So yeah.

[89th]

So basically, there will be even more stagflation than was expected, despite Trump's new Fed Chairbuddy, and gas prices going up another $2 per gallon soon. I suppose gold will go even higher?

[jon-nyc]

Seems to me to be too early to say but that is certainly the risk.