@elerianm You mean it’s not just like a faucet that you turn on and off? Trump said everything will go back to the way it was once he allows their civilization to continue on. Do you mean to say his words are not based in fact? 🙀
The economic and financial headlines this morning would be screaming about another surge in oil prices if the markets weren't closed for the weekend.
Overnight, both sides signaled willingness to cross a red line: the direct, significant targeting of oil infrastructure.
Specifically,
The US bombed Kharg Island, Iran’s primary oil export hub.
President Trump stated he has directed the Pentagon to "totally obliterate" military forces on the island.
Additional US troops are being deployed to the region, fueling speculation of a potential occupation of the island.
Iran has countered with threats that all "oil, economic, and energy facilities … in the region ... will be immediately destroyed and reduced to ashes."
Adding to the stagflationary winds already blowing through the global economy, the market impact of these latest developments in the Middle East War would not have been limited to oil. We likely would have seen significant losses across many other market segments.
What actually happens when markets reopen on Monday is, of course, a function of developments over the next 48 hours.
#economy #markets #oil #inflation #middleeastwar
@powellnyt What has been an encouraging surprise to me as a parent is that these institutions of privilege have, of their own volition and with the backing of their predominantly white boards, boldly decided to lead the debate forward and walk the talk. This is leadership. Watch and learn.
@tyler@cameron@Gemini I need your help. I tried to wire fiat to my account with you. It was not credited and I received an email that it would be sent back. It’s now 17 days later. I have not received it and I can’t get a clear response from anyone at Gemini. Please help.
Grannie - May I recommend an excellent Freakonomics podcast that attempts to explain in a balanced way the economic and policy forces that have made cities so expensive to live in. It’s much more complex than you seem to understand. https://t.co/3BmUvhsrAc
Let’s be clear. Behold the @SFWDistrict as it is now. Where are all the people who will be displaced? How can transforming this wasteland into something worthwhile be bad for everyone? How will creating thousands of construction jobs be bad? #FlushingRezoning@SFWDistrict
@fuelgrannie @Aisha_Chen1972 @rafaelshimunov@RepGraceMeng@SFWDistrict Have you ever heard or seen a plan with what you describe - truly cheap or free housing? Does it exist in this world? If so, where? I want to go.
@Flushing_ADA@TarryHum I would love to hear someone voice a viable big picture alternative plan for the community. Let’s just say you win and the developers abandon the project, then what? Let’s say we banish all the wealthy people from Flushing, then what? #NoFlushingRezoning#SFWDistrict
Pic of the polluted historic Flushing creek. It’s hard to imagine why people would fight to keep it this way. I get they are angry about the forces of capitalism but the anger is misdirected. As they say, don’t hate the player, hate the game. #SFWDistrict#NoFlushingRezoning
Flushing Creek at low tide today. There is a big part of the Flushing community, namely people like me who live next door to it, that would like to see this cleaned up. Look at that sludge. Who but private developers is willing to pay to improve the environment? #SFWDistrict
@Flushing_ADA@CMPeterKoo@NYCCouncil Protest is one thing but what are all the protesters doing to make positive progress for the community? You can’t just spend all of your time trying to cancel projects? What are you building? @SFWDistrict#FlushingRezoning