MoMoneyBitchez
11K posts



This completely seals the deal for me. It’s dead on arrival. Nobody who actually understands the Middle East would even mention the Abraham Accords with a straight face right now. Of course the monarchs and royals want to avoid a massive regional conflict. But their absolute worst nightmare is a second Arab Spring knocking on their palace doors. Look at where the Arab street stands today. If the royal houses try to pivot back to the Abraham Accords and openly cozy up to Israel, they are looking at absolute chaos at home. There is zero structural substance to this deal. If the plumbing was actually working behind the scenes, they wouldn’t need to blast the tape with this garbage. #oott #iran


@INArteCarloDoss Dumb ass Saudis led by Prince Retard finally figured out that changing sides from Islam (regardless of Sunni or Shia) to the US-Israel axis is going to backfire. UAE still hasnt gotten the memo





Interesting note. As the authors point out, software & accessories inflation in PCE--part of durable goods--is the highest since the series began in the late 1970s. This is a plausible channel where AI demand could be weighing on measured core PCE inflation. The authors argue that in principle, the PCE "software & accessories" category should *not* include flash drives & blank media, but the CPI index the BEA uses for this PCE category includes these items, which, since memory prices are skyrocketing under AI demand, may be incorrectly boosting PCE software & accessory prices. Worth noting however that even if you exclude flash drives & blank media from PCE software & accessories, it needs to be accounted for *somewhere* else in PCE durable goods, e.g. "personal computers & peripheral equipment". Shifting the subcategory accounting of flash memory won't change overall core goods or core PCE inflation, it's just switching the effect from one pocket to another. I agree with them it's worth thinking about hedonic adjustments to software due to AI but it's not clear to me how that affects NAND. Interestingly, if you exclude software & accessories entirely from PCE durables, YTD durable price increases in 2026 are still high but a bit less extraordinary relative to other recent non-recession years, but 2025 durables price increases look modestly *more* extraordinary.








🇺🇸🇮🇷 The deal includes something the earlier leaks left out: Iran apparently committed to give up its enriched uranium stockpile... Per two U.S. officials to the NYT, Tehran agreed in principle to surrender the roughly 970 pounds of 60% enriched uranium that justified the entire war. Iran originally wanted that pushed to a later stage. U.S. negotiators reportedly threatened to walk away and resume bombing without it in the initial phase. The catch is the word "how." The proposal does not settle the method, whether Iran hands the stockpile to Russia, downblends it, or something else. That goes to the next round. The leverage is the money. Iran only gets the bulk of its frozen assets once a final nuclear deal is signed. And Iran still has not publicly confirmed any of it.














