Bobko
24 Mar 2026 #511
I am getting cynical and thinking the current situation in Iran, Ukraine and Gaza suits Wall..
I'm.... not sure.
My family members call me, and ask me the same.
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The fact is - the American economy is amazingly robust. It's unbelievable...
Jay Powell, and other involved people say as much. It's astounding how strong the economy is.
The economy keeps bailing Trump out.
The AI boom and consumer strength bailed out Trump during the Tariff Wars.
Now, super efficient and productive oil & gas producers in the Permian and Marcellus and Bakken are bailing him out from high energy prices.
The Strait of Hormuz shutdown, may end up being a net gain for the American economy. I know this sounds grotesque to good people everywhere, but it very well may come to be.
The stock market seems absolutely impervious to whatever Trump does.
Bears like myself, keep arguing this will one day come and bite them in the ass regardless - but we have been wrong for the past... I don't know - 10-12 quarters.
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Basically - the facts are - that this war is much, much, much more damaging to East Asia and Europe than it is for the United States. It's absolutely lethal for South Asia (Pakistan has a 85%+ dependency on Gulf-sourced energy), and Indonesia.
America's losses are all in the moral and political realm.
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America's economy is impervious to high gasoline prices, but the American consumer not so much.
The problem - America's economy has long ago become disconnected from the fate of the average man.
The "average statistical person" in America can keel over and die from hunger, and this will reflect in a 1-2% dip of the S&P 500 the next day, which will be recovered on Monday.

