S&P 500 futures were down over 1% before the open in New York as the price of oil briefly spiked to $119 per barrel. The index fell 1.33% in its last session.
Asian markets were a disaster: Japan’s Nikkei 225 fell 5.2%, South Korea’s KOSPI fell 5.96%. Like toppling dominoes, the U.K.’s FTSE 100 was down 1.4% in early trading and the Europe Stoxx 600 sank 1.85%. The VIX “fear index” (volatility) is through the roof.
Stock markets around the world fell sharply as it became clear the war would get worse before it got better.
Finance ministers from the G7 are set to meet today in New York to discuss releasing reserves held by the International Energy Agency. There’s only one problem with that: They only have a one month supply.
Iran appointed the son of its recently killed leader, Mojtaba Khamenei as its new supreme leader. He’s a hardliner who will likely seek revenge for the death of his father.
Trump told people not to worry, saying oil prices are a small price to pay for the “destruction of the Iran nuclear threat” and “ONLY FOOLS WOULD THINK DIFFERENTLY!”
Fortune’s Jason Ma asked Trump last week for the worst-case scenario in Iran, Trump replied: “I guess the worst case would be we do this and then somebody takes over who’s as bad as the previous person, right? That could happen.” That is exactly where we are right now.
PillowPrincess314 on
‚Worst Case‘ Scenario is the only expected outcome when the entirety of your plan consists of:
I drop bombs, they surrender (unconditionally), I pick leader of their country.
_L_R_S_ on
Operation Epic Fail
Nyxvantaa on
It’s not getting better anytime soon, is it?
Inspectorgadget4250 on
But this was so well-planned. Whatever went so wrong? /s
not_essential on
The morons that appear to run the country actually thought they would be consulted on a replacement. This is reason alone to abandon the US entirely as just a really bad idea. You can’t fix stupid.
Creative-Package6213 on
*Trump did that!*
neodiodorus on
It’s all Biden’s economy right?…
VladtheInhaler999 on
In one swift move, Trump has crashed the economy, cost the midterms, and destabilized the Middle East. Masterful gambit sir.
SolVindOchVatten on
I am not saying that Trump is a Russian asset. I’m just saying that I don’t know what he would do different if he was.
theknowing1414 on
It must be nice to be MAGA and be so ignorant and stupid that nothing bothers you. Even when the entire world can see you made the wrong choice they don’t care.
Careful-Rent5779 on
Nobody in the adminstration thought this through….
Like killing Ali Khamenei, was going result in new leader friendly with the US taking over.
_C2J_ on
Anyone have the footnotes on how all this (*waves vaguely*) relates to P2025 goals?
projexion_reflexion on
Maybe we should have checks and balances and a non-unitary executive, so one person doesn’t have the power to make all those mistakes. Some kind of „law of the land“ that applies to everyone. Maybe I’m idealistic, but I still think there are viable alternatives to monarchy.
siromega37 on
We left Iran alone for a reason. Lindsay Graham boasting about coaching Bibi on how to goad Trump into this war should put his ass in an ethics investigation. Who the fuck does he work for? I’m so tired of this shit.
SillySub2001 on
American politics used to be almost like a drama I followed for the entertainment of it. Now every other day I have to deal with how the Orange man is directly screwing up my life.
Teslapod on
“STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR III, AND WE HAVE TWO OF THE MOST INCOMPETENT „LEADERS“ IN HISTORY. THIS IS NOT GOOD!!!”
– Donald J Drumpf, August 5, 2024
theguy417 on
iran’s been quietly assembling a regional proxy empire and now they’ve got a hardline supremo who’s basically a rejectionist ideologue – add a global recession, and yeah trump’s probably having nightmares about this one
asbestoswasframed on
This is a completely predictable outcome when an ignorant and corrupt administration plans a war of distraction based on the advice of profiteers and sycophants.
zoeydoberdork on
GOP is the cause and sole cause of this world wide disaster. Enjoy the chaos, death, despair with no real plan. Typical felon 47 plan.
TaraJo on
I better start seeing Trump “I did that” stickers on gas pumps
TheDwellingHeart on
Like everything else Republicans have done, it benefitted a very select few and harmed the rest of USA.
Until the Republican party is gone, this will not get better.
2hats4bats on
It’s almost as if this administration is incompetent and didn’t think this through.
georgepana on
Trump panicked, basically overnight, into this half baked, poorly planned, war action when the back-to-back Epstein „interviews“ with Hillary Clinton and Bill Clinton backfired badly on Trump, and instead of causing people to shift focus on the Clintons it had the opposite effect. It made people go „ok, we did the Clintons, now it is time to get Melania and Trump before Congress next.“
Khameini is even more of a hard liner than his father. What a disaster this Iran war has become for the US.
Tokie-Dokie on
Congratulations, MAGAts. You’ve owned the libs.
0masterdebater0 on
As much as I would like for the pedo and chief to face justice for his crimes here, I would be willing to ship him in a crate to Tehran as an apology for how shit our country is.
LostBob on
Trumpeting that the DOW was at 50,000 is going to bite them in the ass so hard in the midterms when the DOW is 40,000 come November.
moreJunkInMyHead on
> High oil prices essentially rescue Russia’s ailing oil export industry, providing Moscow with fresh foreign currency to fund its operations in Eastern Europe. The White House recently gave India a sanctions waiver allowing it to buy more oil from Russia
As if we needed any more proof of who is really benefiting from having Trump and the GOP in charge
notsure500 on
To be fair, all that might be absolutely terrible, but he’s also a child rapist.
spezial_ed on
Almost impressive how hard he can fuck up in such a short time. Like shooting yourself in the foot, bleeding on a family heirloom, the bullet cost a few billions and ricocheted to kill the neighbours dog.
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[deleted]
This was never going to go well
From the article:
S&P 500 futures were down over 1% before the open in New York as the price of oil briefly spiked to $119 per barrel. The index fell 1.33% in its last session.
Asian markets were a disaster: Japan’s Nikkei 225 fell 5.2%, South Korea’s KOSPI fell 5.96%. Like toppling dominoes, the U.K.’s FTSE 100 was down 1.4% in early trading and the Europe Stoxx 600 sank 1.85%. The VIX “fear index” (volatility) is through the roof.
Stock markets around the world fell sharply as it became clear the war would get worse before it got better.
Finance ministers from the G7 are set to meet today in New York to discuss releasing reserves held by the International Energy Agency. There’s only one problem with that: They only have a one month supply.
Iran appointed the son of its recently killed leader, Mojtaba Khamenei as its new supreme leader. He’s a hardliner who will likely seek revenge for the death of his father.
Trump told people not to worry, saying oil prices are a small price to pay for the “destruction of the Iran nuclear threat” and “ONLY FOOLS WOULD THINK DIFFERENTLY!”
Fortune’s Jason Ma asked Trump last week for the worst-case scenario in Iran, Trump replied: “I guess the worst case would be we do this and then somebody takes over who’s as bad as the previous person, right? That could happen.” That is exactly where we are right now.
‚Worst Case‘ Scenario is the only expected outcome when the entirety of your plan consists of:
I drop bombs, they surrender (unconditionally), I pick leader of their country.
Operation Epic Fail
It’s not getting better anytime soon, is it?
But this was so well-planned. Whatever went so wrong? /s
The morons that appear to run the country actually thought they would be consulted on a replacement. This is reason alone to abandon the US entirely as just a really bad idea. You can’t fix stupid.
*Trump did that!*
It’s all Biden’s economy right?…
In one swift move, Trump has crashed the economy, cost the midterms, and destabilized the Middle East. Masterful gambit sir.
I am not saying that Trump is a Russian asset. I’m just saying that I don’t know what he would do different if he was.
It must be nice to be MAGA and be so ignorant and stupid that nothing bothers you. Even when the entire world can see you made the wrong choice they don’t care.
Nobody in the adminstration thought this through….
Like killing Ali Khamenei, was going result in new leader friendly with the US taking over.
Anyone have the footnotes on how all this (*waves vaguely*) relates to P2025 goals?
Maybe we should have checks and balances and a non-unitary executive, so one person doesn’t have the power to make all those mistakes. Some kind of „law of the land“ that applies to everyone. Maybe I’m idealistic, but I still think there are viable alternatives to monarchy.
We left Iran alone for a reason. Lindsay Graham boasting about coaching Bibi on how to goad Trump into this war should put his ass in an ethics investigation. Who the fuck does he work for? I’m so tired of this shit.
American politics used to be almost like a drama I followed for the entertainment of it. Now every other day I have to deal with how the Orange man is directly screwing up my life.
“STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR III, AND WE HAVE TWO OF THE MOST INCOMPETENT „LEADERS“ IN HISTORY. THIS IS NOT GOOD!!!”
– Donald J Drumpf, August 5, 2024
iran’s been quietly assembling a regional proxy empire and now they’ve got a hardline supremo who’s basically a rejectionist ideologue – add a global recession, and yeah trump’s probably having nightmares about this one
This is a completely predictable outcome when an ignorant and corrupt administration plans a war of distraction based on the advice of profiteers and sycophants.
GOP is the cause and sole cause of this world wide disaster. Enjoy the chaos, death, despair with no real plan. Typical felon 47 plan.
I better start seeing Trump “I did that” stickers on gas pumps
Like everything else Republicans have done, it benefitted a very select few and harmed the rest of USA.
Until the Republican party is gone, this will not get better.
It’s almost as if this administration is incompetent and didn’t think this through.
Trump panicked, basically overnight, into this half baked, poorly planned, war action when the back-to-back Epstein „interviews“ with Hillary Clinton and Bill Clinton backfired badly on Trump, and instead of causing people to shift focus on the Clintons it had the opposite effect. It made people go „ok, we did the Clintons, now it is time to get Melania and Trump before Congress next.“
Khameini is even more of a hard liner than his father. What a disaster this Iran war has become for the US.
Congratulations, MAGAts. You’ve owned the libs.
As much as I would like for the pedo and chief to face justice for his crimes here, I would be willing to ship him in a crate to Tehran as an apology for how shit our country is.
Trumpeting that the DOW was at 50,000 is going to bite them in the ass so hard in the midterms when the DOW is 40,000 come November.
> High oil prices essentially rescue Russia’s ailing oil export industry, providing Moscow with fresh foreign currency to fund its operations in Eastern Europe. The White House recently gave India a sanctions waiver allowing it to buy more oil from Russia
As if we needed any more proof of who is really benefiting from having Trump and the GOP in charge
To be fair, all that might be absolutely terrible, but he’s also a child rapist.
Almost impressive how hard he can fuck up in such a short time. Like shooting yourself in the foot, bleeding on a family heirloom, the bullet cost a few billions and ricocheted to kill the neighbours dog.