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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Mechanical Investing
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Author: Steve203 ⎊❂🐝 HONORARY
SHREWD
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Number: of 6374 
Subject: Re: Trump confesses
Date: 06/04/26 9:42 AM
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But that's very different from the specific assertion that Donald Trump wants to war to be going badly, destroying his political capital and alienating the wealthy Gulf States that have personally enriched him.

He is actually threading a needle right now. He appears to be going for stalemate. That keeps Iran's head down, but minimizes collateral damage to Gulf states, while keeping the Strait closed, to support high oil prices. In spite of the attacks and counter-attacks over the last couple days, he keeps insisting talks are going well, and declines to make an end to the war, by either bailing out, or "bombing Iran into the stone age". Saudi, and his buddy MBS, benefit greatly from the current situation, because they can get their oil to market, and enjoy the high prices.

Here's today's entry.

Oil prices fall 3% on report Trump reluctant to restart Iran war

Trump told his aides that the weekslong ceasefire with Iran is holding despite sporadic clashes, unnamed U.S. officials told The Wall Street Journal. The president said he would consider ending the truce if Iran kills American troops, the officials said.

The White House declined to comment on the report when asked by CNBC. A White House official said while Trump “always prefers a diplomatic solution, he has been clear about the consequences if Iran refuses to make a deal.”


cnbc.com - Oil price today iran war hormuz trump israel lebanon

Carry on with the kabuki dance.

Steve

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