MisbehavingEconomist

@onechancefreedm US is being suckered by a long con. Iran will use this to take out the Gulf States which will then be absorbed by Saudi Arabia. US gets ejected from Iraq which gets split between Iran & Turkey. Creating a Saudi/Turkish/Irainian troika controlling all Middle East oil & gas.

🚨🇶🇦 BREAKING: Iran strikes have HALTED on Qatar Qatari officials said Iranian strikes in Qatar targeted only U.S. and U.K. facilities, not Qatari infrastructure. Israeli media reports Qatar offered to transfer $6B in IRGC-linked funds in exchange for halting strikes, but a Qatari diplomat denied any payment deal despite. Qatar has not reported any Iranian attacks since March 19 and is reopening government offices, banks, and schools starting March 24. Qatar stabilizes while other Gulf states remain under attack, pointing to a quiet understanding shaping where Iran directs its strikes.

A Coles delivery truck has gone up in flames in Perth. A witness said the driver reversed into an open ditch full of dry leaves which sparked the blaze.

Traders made bets worth more than half a billion dollars in the oil market about 15 minutes before Donald Trump posted about a potential Iran peace deal. The positions, around 6,200 futures contracts, were executed moments before the announcement. Trump’s Truth Social post triggered a sell-off across global energy markets and gains in S&P 500 stock index futures and European equities. The trades are estimated to have generated over $100 million in profit within 20 minutes.

“The table is tilted folks. The game is rigged.” ~ George Carlin

Iran is firing far fewer missiles than it was at the start of the war. But the efficacy of the ones it is firing is on the rise, with an increasing number getting through and hitting their targets. bloomberg.com/news/articles/…

Approval of Trump's handling of the economy, per the newest Reuters/Ipsos poll, is now lower than at any time during the Biden admin. reuters.com/world/us/trump…

7 Iraqi Army officers killed and 11 wounded in a US air attack on the military hospital in Habbaniyeh, Iraq. x.com/ejmalrai/statu…

Polyethylene and naphtha prices have gone vertical since the start of the war

🚨🇦🇺🇮🇷 Australia is running low on fuel. Reports say over 160 gas stations across Victoria have run dry as prices keep climbing. The Hormuz crisis is now hitting petrol pumps Down Under.

🚨 BREAKING TRUMP INSIDER WITH 100% WIN RATE JUST OPENED A $25,000,000 OIL SHORT AHEAD OF TRUMP’S EMERGENCY ANNOUNCEMENT TODAY. THIS GUY MADE $127 MILLION IN 5 TRADES AND JUST WENT ALL-IN ONCE AGAIN. HE CLEARLY KNOWS SOME BIG NEWS IS COMING TODAY…

🚨 BREAKING: Rep. Alexandria Ocasio-Cortez has officially called for President Trump's removal from office under the 25th Amendment!

Japan is just 43 km from Russia. Russia can supply oil and gas in an hour or two! But Japan hardly buys any Russian energy. Instead Japan buys from the Persian Gulf which is 8300 km of sailing distance. And suffering due to the Strait of Hormuz. Shows lack of independence 🤔

Quoted: “Japan’s proactive yet measured approach [in Southeast Asia] underscores a broader strategic lesson: reliable partners matter, and their engagement is often shaped by both principle and pragmatism.” bangkokpost.com/thailand/pr/32…

🚨 JUST IN: Walmart is rolling out DIGITAL price tags in every store. 🤯🤯🤯 Prices can now change across the entire chain in SECONDS. Start taking pictures of shelf prices. They might be different by the time you get to the register. This is inflation on autopilot 😱😱😱

🇮🇷 IRAN'S BUSHEHR NUCLEAR POWER PLANT HAS BEEN ATTACKED. THERE ARE REPORTS OF A POSSIBLE RADIATION LEAK....

Indian refiners have bought about 60 million barrels of Russian oil for delivery next month, easing supply concerns as the Middle East war chokes flows bloomberg.com/news/articles/…

US is having more and more problems to refinance their $39 trillion of national debt A sovereign debt crisis might be next (for the US, or other countries)

Absolute betrayal exposed. An Iranian official details how the US begged for peaceful negotiations, promised not to attack, and then bombed them anyway right in the middle of talks. Iran officially declares they will never negotiate with Washington again.

Disastrous $69 billion 2 year bond auction. 2bps tail. Rick said he was being generous grading this a D If we’re struggling to sell short duration paper. A bad sign It also indicates the FFR should be higher as the yield on this auction was 3.936%💀 We need a rate hike

I am an economist, not a political commentator. But what is happening right now sits at the exact intersection of geopolitics and economic collapse that I have spent my career studying.