Economic News

[nycfan]

 

[nycfan]

“As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up the cost of moving energy through a critical maritime corridor.

… War risk insurance allows ship owners to claim against any damage to their vessel or the cargo resulting from conflict or terrorism. Policies are typically annual, although some cover one-off voyages through risky waters, including war zones.

The spike in premiums underscores how the war is raising costs for ship owners, traders and energy companies moving cargo through the Strait, adding to fears the conflict -- which shows no signs of abating -- could stoke inflation if it goes on, said analysts.…”

 

[nycfan]

“As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up the cost of moving energy through a critical maritime corridor.

… War risk insurance allows ship owners to claim against any damage to their vessel or the cargo resulting from conflict or terrorism. Policies are typically annual, although some cover one-off voyages through risky waters, including war zones.

The spike in premiums underscores how the war is raising costs for ship owners, traders and energy companies moving cargo through the Strait, adding to fears the conflict -- which shows no signs of abating -- could stoke inflation if it goes on, said analysts.…”

“… Analysts at Jefferies estimated on Thursday that potential industry losses from at least seven vessels reported damaged, at the time its note was published on March 5, could reach up to $1.75 billion.

With most tankers valued between $200 million and $300 million, the new insurance rate of 3% would imply a hull war risk premium of about $7.5 million, up from around 0.25%, or $625,000, before the conflict began, the brokerage added.…”

 

[finesse]

If only or education system had functioned well enough for people to have comprehended the message.

Many say that social media had hurt the country more than anything else, but I question if reality TV isn't just a bad. It opened the door to a reality tv president.

I still blame 24 hour news. They would air so many POVs in such excruciating detail in an attempt to fill time that they ended up confusing more than they clarified and helped define the directions social media took.

 

[lawtig02]

I can’t think of a single reason, moral, economic or otherwise, that it would be in the personal interest of a person under the age of 35 to vote for a Republican.

 

[nycfan]

 

[dukeman92]

 

[dukeman92]

 

[dukeman92]

 

[dukeman92]

 

[JCTarheel82]

 

[UNCatTech]

I can’t think of a single reason, moral, economic or otherwise, that it would be in the personal interest of a person of any age would vote for a Republican.

FIFY

 

[UNCatTech]

Is the guy in the last picture talking about trump's dick?

 

[heelinhell]

So it looks like another day of a slow but steady decrease in the stock market again today. Historically, that is an indication we are trending toward a bear market. And with the bond market indicating we are headed toward a recession the economic horizon does not look good.

 

[heelinhell]

It will be interesting to see how Trump and Fox "News" spins this along with the $3.32/gallon gas

and here it is

'Perspective!' Fox News spins wartime gas prices by noting Trump not 'food rationing' yet

Fox News contributor Dagen McDowell attempted to spin higher gas prices caused by President Donald Trump's strikes on Iran by noting that Americans weren't yet experiencing "food rationing" as they did in World War II."According to AAA, the national average hit $3.22 today," Fox News host Martha...

www.rawstory.com

 

[lawtig02]

and here it is

'Perspective!' Fox News spins wartime gas prices by noting Trump not 'food rationing' yet

Fox News contributor Dagen McDowell attempted to spin higher gas prices caused by President Donald Trump's strikes on Iran by noting that Americans weren't yet experiencing "food rationing" as they did in World War II."According to AAA, the national average hit $3.22 today," Fox News host Martha...

www.rawstory.com

He has a point. We're also not yet watching DC being destroyed like what happened in the War of 1812.

Oh, wait.

 

[UNCatTech]

So it looks like another day of a slow but steady decrease in the stock market again today. Historically, that is an indication we are trending toward a bear market. And with the bond market indicating we are headed toward a recession the economic horizon does not look good.

Will it be enough to break the trance of the maga cultist and start the country on the road to recovery?

 

[dukeman92]

 

[UNCatTech]

and here it is

'Perspective!' Fox News spins wartime gas prices by noting Trump not 'food rationing' yet

Fox News contributor Dagen McDowell attempted to spin higher gas prices caused by President Donald Trump's strikes on Iran by noting that Americans weren't yet experiencing "food rationing" as they did in World War II."According to AAA, the national average hit $3.22 today," Fox News host Martha...

www.rawstory.com

How loud and how often does this man have to say he doesn't give a fuck about the average American before it starts to sink in with the cult.

 

[Bobfripp]

How loud and how often does this man have to say he doesn't give a fuck about the average American before it starts to sink in with the cult.

The problem with the MAGA cult is that it's a cult, and they'll do any sort of mental gymnastics necessary to protect and defend their Dear Leader.