It's not that I didn't think oil would get here.
It's that it's getting here sooner than I thought it would... 😬
Hey, anyone out there want a little time off of work?
Cool, cool. Now... what about some time off work without pay?!
#recession #stagflation #oil
“These risks are analyzed one by one, news article by news article. We understand them in isolation. Yet they are different entry points into the same underlying structure — a complex and tightly coupled system where the specific source of stress matters less than how quickly that stress can spread.
“Signs of systemic strain are emerging.”
#US #economy #Trump #policy #inflation #tariffs #war #affordability #CostOfLiving #AI #energy #climate #recession
I Predicted the 2008 Financial Crisis. What Is Coming May Be Worse
- Richard Bookstaber
“…We have returned to a period of risk, one rife with the sort of pressures that have led to major financial crises. This time, the risks are spread across industries, markets & nations∶ #ArtificialIntelligence, the roughly $2 trillion private #credit industry, #StockMarkets, #Taiwan & now #Iran…”
#economy #Trump #inflation #tariffs #war #CostOfLiving #energy #recession
https://www.nytimes.com/2026/03/16/opinion/financial-crisis-private-credit-ai-iran-taiwan.html?unlocked_article_code=1.UVA.yTzr.YtftnMqyQMfl&smid=nytcore-ios-share
"This means, of course,🚨giving China control of the Straits.
One of the most pernicious beliefs of the MAGA cult is their commitment to the idea that Trump is a strategic genius.
He is not. He is a🚨feral sociopath, to be sure, but also barely literate con man, a fraud, a huckster, President Three-Card Monte. He's so over his head it's painful to watch."
-R Wilson
#ETTD #IranWar #StraitOfHormuz #Economy #Recession #Oil #Gas #Inflation #Stagflation #Protest #USPol
"How the Iran War Will Cause a Global Financial Crisis"
Even if the war in Iran ends soon — which is not likely — "the economic consequences will be devastating & prolonged."
US oil companies have made ~$80b from the increase in the price of oil. But if you're a maga blue-collar worker having to drive to a job in a gas guzzler, "then you're done. You can't make ends meet."
"How the Iran War Will Cause a Global Financial Crisis"
Even if the war in Iran ends soon — which is not likely — "the economic consequences will be devastating & prolonged."
US oil companies have made ~$80b from the increase in the price of oil. But if you're a maga blue-collar worker having to drive to a job in a gas guzzler, "then you're done. You can't make ends meet."
"How the Iran War Will Cause a Global Financial Crisis"
Even if the war in Iran ends soon — which is not likely — "the economic consequences will be devastating & prolonged."
US oil companies have made ~$80b from the increase in the price of oil. But if you're a maga blue-collar worker having to drive to a job in a gas guzzler, "then you're done. You can't make ends meet."
"How the Iran War Will Cause a Global Financial Crisis"
Even if the war in Iran ends soon — which is not likely — "the economic consequences will be devastating & prolonged."
US oil companies have made ~$80b from the increase in the price of oil. But if you're a maga blue-collar worker having to drive to a job in a gas guzzler, "then you're done. You can't make ends meet."
Tea time.
Nonilex
Kim Perales
DrALJONES