1/2 #Foreign and #Domestic #Emergencies Dept: The world has never seen a war (two wars now really)like this.I know Iโve never seen a war like this.Two totally reactive states reacting, and one doing so *as if* that were a plan, and the second freed to do as it pleases by the first. Lags and spillover for the havoc they are wreaking will be relatively short before feedback kicks in and sand hits the gears.At that point theyโll essentially be bombing themselves along with everyone else. Not a fan-
2/2โฆthe shortest lags here have been for gas and diesel. Causality links those two to price indices for everything else. Many Americans still wonder why that is. There are no words.
Dynamics among states in the #MiddleEast have changed enough in the last decade to where some old schoolers (self included) are having a tough time reading the tea leaves. It would have been an easier task before the current impulse based disaster