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Mark Wauck's avatar

Confirming what was just written about Iran delaying--who are these people who are convinced that Iranians and Russians and Chinese are all dummies?

The_Real_Fly @The_Real_Fly

IRAN INFORMS THE UK THEIR ATTACK ON ISRAEL TO COME “NO LATER THAN” WEDNESDAY

Who believes Iran would do that?

-- GEROMAN -- time will tell -  -- @GeromanAT

What some people refuse to see here - the threatening but delaying of the next step causes brutal damage to the stock market and of course Israeli economy.

So the Hit was done already.

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Mark Wauck's avatar

Very nice summary:

https://www.moonofalabama.org/2024/08/markets-down-risks-up.html

Five days ago the Bank of Japan finally increased its interest rate from 0 to 0.25 percent. The famous carry trade, borrowing in Yen for near zero interest to invest in well paying U.S. dollar 'assets', started to unravel.

Worse than expected U.S. economic data, the Fed's unwillingness to lower interest rates and an escalating crisis in the Middle East, added to the insecurity.

...

Geopolitical risk has increased too. The 'West' is losing its proxy war in Ukraine. There is no chance for it to unsettle a Russia which is steadily gaining strength.

The conflict in the Middle East is threatening to develop into an escalating spiral of retaliation strikes and counter-strikes designed in part to pull the U.S. in:

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