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Why anybody believes this guy about anything is beyond me. Oil is down because MOAR TACO Tuesday.
In other words, Iran just bombed Operation Wanker out of existence, and the superpower can do nothing about it except pretend they’re doing a deal.
Trump is doing a bang-up job of demonstrating the US Navy’s powerlessness in the new world order of asymmetric warfare.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.