The Phillips curve is incredibly flat. That means you need to drive unemployment in the US up a lot to bring inflation down even a little bit. That's the strongest argument against the Fed hiking now. The 40 bps markets price will do nothing to inflation.
https://t.co/RoMBTLEjb5
🚨عاجل: إسرائيل أسقطت نوعًا جديدًا من القنابل في غزة.
الفلسطينيين يصفونها بأنها "قنبلة نووية مصغرة"، لكن التحليل يشير إلى أنها على الأرجح سلاح حراري ضاغط (فراغي).
اسرائيل تنتهك القانوني الدولي مع مساندة ترامب
🇮🇷Reporter: "Are you rebuilding nukes?"
🇮🇷Araghchi: "Nope, we are committed to peace."
🇮🇷Reporter: So you accept Trump’s request for inspection?
🇮🇷Araghchi at 7:00 PM🔥: "Sure — only if we can send our team to Israel to see if they have nukes. If Israel has them, then Iran should too."👏
Araghchi is playing 7D chess. Strategic genius 💪
The word they always reach for is "provocation."
When North Korea tests a missile, that is a provocation.
When Iran enriches uranium, that is a provocation.
When Venezuela nationalizes its oil, that is a provocation.
When Cuba maintains its political system for more than six decades, that somehow, still, is a provocation.
The word "provocation" implies that there is a "neutral baseline" that is being disturbed.
What is the neutral baseline?
American military bases in 80 countries.
The largest naval force in history patrolling every ocean.
The dollar as global reserve currency enforced by financial architecture that extracts value from the periphery to the center.
The IMF and World Bank imposing structural adjustment programs that have, for more than forty years of documented evidence, consistently transferred wealth from poor countries to rich ones.
That is the baseline.
A country asserting its sovereignty within that baseline is called a "provocation."
The baseline itself is never called a provocation.
Because the main character does not provoke.
The main character simply exists.
And the people who respond to the main character's existence are, by definition, the ones causing the problem.
Real history between France & Syria. My mother's grandfather used to tell us about it. In Aleppo, French occupiers would cut off ears & nipples of Syrian civilians they killed—aiming to undermine resistance and intimidate population—and fashion them into necklaces.
After large scale protests in Lvov Ukraine last night against Zelensky's forced recruitment thugs-
Secret police and Military began rounding up participants.
This story is entirely absent from @BBCWorld@cnn@rte and @FRANCE24
Why?
Here’s a partial list of the states that Rutte does not consider to be “countries”:
Palestine
Lebanon
Iran
Iraq
Yemen
Syria
Libya
Somalia
Venezuela
Cuba
Laos
Vietnam
Cambodia
Panama
Grenada
Afghanistan
Nigeria
Burkina Faso
Mali
Nicaragua
Feel free to add any that I missed.