Yeah, you give a guy a $400 mill plane and that’s what you get in return. I forgot the fake investments in Data Centers, Trump family scams for Trump hotels and gold courses.
Couldn’t happen to the nicer people. /s
Theyre fucked too. All the Gulf Coast cities are in close range of Iran. Qatar hosts the US military so they will be targeted. Qatar has tons of western tourists and sports washing like Formula 1, all in jeopardy now.
They all paid for “protection” in one way another but they failed to get it. If that happened in real life, someone would walk in a basement room with a plastic sheet on the floor.
Th issue is how Western media sources are reporting on this war. The US is acting on the initiative of the ME states, not against them. They have been locked in regional cold war with Iran for 50+ years now and the consequences have been radical - everything from ISIS, to Syria, Lebanon, Yemen, island disputes with the UAE, Shia minorities in Oman and Qatar, the ongoing decline of Iraq, and even Palestine-Israel. Iran has pushed its fingers into all of the pressure points it can to force a change in how international relations are conducted in the ME. They want political Islam and they want the oil. To get that, they need to displace KSA which is what they are doing.
In the West, the war is reported as "US", or "Israel" (or "UK" if you're in the UK), but they don't cover the fact that while it is the US and Israel doing the heavy lifting, it is Turkey, Jordan, KSA, UAE, Qatar and Oman who are also supporting.
Even now, the big issue is regime change vs regime control. The ME wants regime change. They want the Ayatollah gone so that the money and guns stop flowing, so that the Islamist networks can finally collapse so that these states can at last move on politically, economically and socially without Iran constantly exerting an existential pressure onto them.
I'm absolutely convinced the media is intent on misrepresenting everything, and anything all for the sole purpose of generating conflict. How the West and the ME are reported in relation to one another is so wrong and it simply doesn't reflect the actual relationship between these two spheres which is a lot closer, and more alike than people realize. We are not in the 2000's anymore. This isn't Iraq, the world has changed, and ME states actually have some autonomy and power. The world of the past is long gone but it really feels like the West is locked in this confused, post-9/11 world view still.
EDIT: Yes Iraq was wrong, and yes arbitrary power is wrong. With that said, if you're simply downvoting due to you disagreeing with what I said then I am sorry to say that you're factually not prepared to consider any regional issues in the ME. Objectively, the ME has been talking about Iran for decades.
Iran has been a problem for decades and while we are all free to have moral views on war, when it comes to funding ISIS, the only answer is you're the bad guy. Iran isn't funding groups with coherent political goals. They're just setting a region on fire to get more oil, and control of the Ummah. Hundreds of millions of people live here - people who want a life and they're done with being stuck in decades long cycles of violence. You're in the West and you're never going to have to deal with these issues directly so its easy to have uninformed, morally utopian views on the world.
EDIT 2: if you think Iranian criticism is a Zionist psyop then you're an idiot who doesn't read. You watch Youtube shorts, TikTok, and read X posts. Your whole world view is drip fed to you by someone who gets to decide how you're going to see the world.
You forget US involvement in Iran during 50s contributing to an authoritarian regime. The iranian revolution that followed is very much intertwined with a lot of these problems.
Kind of irrelevant to the situation right now. The current conflict is a culmination of what the Islamic Republic decided to do.
Iran right now is getting burned by its own cumulative ideology driven policy choices. Their foreign policy of trying to export their shia islamic revolution and sticking their dicks into Israeli-Arab and inter-arab conflicts was always going to make them a lot of enemies and now it's blowing up in their faces. Pre-revolution Iran stayed out of that stuff because there was never any real strategic interest in getting entangled in it, only downsides.
> it is Turkey, Jordan, KSA, UAE, Qatar and Oman who are also supporting.
so why aren't they allowing US to use their bases to strike Iran then? https://www.wsj.com/world/middle-east/key-gulf-allies-say-they-wont-aid-u-s-in-an-iran-strike-limiting-trumps-options-47e1ce3d
So the media is misrepresenting things - where is your evidence coming from? Why would the US ever 'act on the initiative' of ME states, whatever that exactly means? And what is the reason why media owned by publicly traded equity and the ultra-wealthy - capitalist in every way - would misrepresent this? Your links are nowhere near as compelling or conclusive as you seem to imagine.
Also, a quick gloss over your post history implies that everyone is from the wrong place - the one that is biased. Everyone else is biased, only you, with your neutral nation and ethnicity, can see the truth. That's not compelling either. Evidence is compelling, and the contention that MSM would misrepresent the situation against the interests of their owners requires a lot of evidence.
That's because it's nonsense. Iran, Hezbollah, and Assad fought against ISIS.
There's two power blocks in the Middle East: the Israeli/Sunni Power Block, and the Iranian/Shiite Power Block. ISIS was part of the former. Iran hates Al-Qaeda, ISIS, and the Taliban. It's the Sunni Gulf States like Saudi Arabia that have funded Al-Qaeda and the other Sunni jihadist groups. Coincidentally, those groups never attack Israel, even though they somehow find the time to attack every other country: the US, Russia, UK, Spain, India, etc.
Israel and the Gulf States are the problem. We've backed there wrong horse.
> Iran has been a problem for decades and while we are all free to have moral views on war, when it comes to** funding ISIS**, the only answer is you're the bad guy. Iran isn't funding groups with coherent political goals. They're just setting a region on fire to get more oil, and control of the Ummah.
Complete inversion of the truth. You might as well be doing an Alex Jones voice and yelling about crisis actors.
> The US is acting on the initiative of the ME states,
If that were true, where are the official statements to that effect?
Here we have the most powerful army in the world, starting a war that's not popular within the country itself, which will cause untold economic turmoil. And you're saying that country is doing it because other countries in the ME asked them to?
It makes no sense if you're literally illiterate and don't know the most basic elements of ME regional relations.
This view is popping up a lot and it really is the natural progression of a sort of 1990's/2000's form of Eurocentrism, or Western ignorance. You dismiss that these states have agency and interests and instead, you assume what they are on their behalf and then deny anything to the contrary.
the thing is, we're doing the right thing for all the wrong reasons. the regime change *is* a good thing not just for the people of iran but the whole region, and it *does* break a stalemate that has been in place, and it does take the last big bastion of fundamentalism in the region out which makes it easier for burgeoning states like Iraq and Afghanistan to push out the fundamentalists that are actively working on holding them back.
But we're not doing it to help the people of Iran against an authoritarian regime that took a vibrant, thriving culture and shoved it deep underground and is literally slaughtering them and restricting their access to water, we're not doing it because we want to support the people of Iran. We're not doing it to even fight ISIS or terrorism or extremism.
Fuck, we're not even doing it for oil.
We're doing it to appease Trump's machismo and make him feel big and important. And to cover up the epstein thing
Add inflation, dollar devaluation and then compare to any other countries index. Also it's gotta suck to be drawing down when everything is going to shit. Going to be another big drop this week probably, and a trend I expect to continue.
If you are retired then you shouldn't be invested in the sp500. Need to be in a way more stable and safer fund/bonds/etc. At point of retirement, its wealth preservation, not creation.
But yeah, I'm sideways since Oct 25. Haven't added any significant gains since. Keep buying during the really down days. Luckily we diversified and my wife has global in her plan so that's been pretty good.
China is eventually going to take notice. They want their imports and exports to keep flowing. Xi mostly just cares about the well-being of China and his own people.
If the war isn't over soon, it's really only a matter of time before China interferes.
The regime might be different, but China had always been running on the same operating system: the mandate of heaven (in this case, the mandate of the people)
Canadian here. We might get more oil & gas customers, so that's cool. And we cancelled our Florida trip this year, heading to Quebec. Boosting tourism at home. I don't like paying more for gas, and I know grocery stores are going to fuck me with higher prices. But a lot off the dumb stuff Trump does backhandedly can work in our favour.
Worldwide though far more ppl will be negatively impacted than the other way. Some governments are just not equipped to insulate their citizens from this much supply shock.
I remember an article in, I think, the FT, more than ten years ago. A Goldman Sachs exec was talking about how outsourced manufacturing was shifting from China to Vietnam, Indonesia etc, because 'unfortunately' QoL had risen, salaries had risen, and so labor costs had gone up a lot.
That 'unfortunately' was quite a thing to read. A real mask-off moment.
This reads like that. The killing is affecting the travel industry? OK, that seems fine and extremely predictable. I imagine it's also tremendously affecting real estate prices. I don't care.
As you can gather from other comments, the disruption is also expected to affect food prices, due to decreased fertilizer and fuel supplies. That will disproportionately affect the poorest.
Fortune's article is about the travel industry, not logistics and cargo, and is grotesque. What you are talking about is an entirely different issue - and almost everything hurts poor people disproportionately - and you should be ashamed of this disingenuous apologetic.
Also, want to call out that this event will have an impact on the oil industry as well. Oil isn't moving, and the oil shock will hit the global economy sooner than expected. I knew this administration wanted to roll back regulations, etc., just didn't think they wanted to relive the worst energy crisis in modern times.
Not just oil, food supply is also affected. A good 20 to 25% of world fertilizers comes from country near the war is happening. These counties can't get the materials they need to make fertilizers or ship them out. Not to mention in March) April is when farmers in EU and India, China etc starts planting and they need the fertilizers to grow their corps. We can see food price surging as early as this summer. Pretty sure US is also affected in some way as even even though US gets a good chunk of fertilizers from Canada.
Its hovering around $90 a barrel for brent crude, it was around 60 last friday befor this shit started
I told someone we will see a 100 at some point this past week if this continues, and i was fed a bunch of "poo'poo" nonsense on how im wrong with all these examples, was basically called a Cassandra--maybe i said last monday or tuesday, im off on the timeline by a week+ but it seems im going to be right in the end
I don't feel sorry for anyone that rolls for trump. Not rich ME countries, private universities, law firms. Fuck them and you guys can get what is coming for you.
Yeah my maga coworkers have been quiet about the gas prices and took their work trucks back and fourth up to their homes in the sticks all last week to save on gas instead of using their own trucks. But they were screaming and putting stickers on gas pumps 4 years ago when the prices were high…
>MSC Cruises said on Thursday it would charter five flights, each carrying about 1,000 passengers, to repatriate its guests on the MSC Euribia, a 6,300-person capacity ship which remained docked in Dubai as a result of the conflict.
1000 people per flight?? WTF kinda planes are they using?
And before someone says this comment is not about economics, if a commercial plane can hold 1000 pax, it would have a huge impact on travel economics.
Did some international vacationing last year. was already planning on this being the year of remote camping in my area and getting away from people in general. This kind of just solidifies it.
The airline angle that's underreported: Emirates, Qatar, and Etihad together carry roughly 30% of global long-haul traffic between Asia and Europe. Their entire hub model depends on DXB/DOH being open.Jet fuel at those hubs is sourced regionally. No backup supply chain exists at scale. A prolonged conflict doesn't just mean cancellations, it means the hub-and-spoke model that made cheap intercontinental travel possible collapses. Rerouting via European hubs adds 3-4 hours and significantly higher costs per seat.The $12T figure understates it if this persists beyond 6 weeks.
Yeah this could be a big deal, so many flights route through Dubai/Doha. Maybe Istanbul airports will take up some of that slack, since they are a mid-way stopping point between Asia and Europe?
Is it the global travel industry? I'm not so sure. I believe it's the middle east luxury travel industry that faces headwinds. It's become exposed that there is actually no reason to go there at all, and several good reasons to stay away. I shall do just that, as I have done for decades. I'm disgusted by the hypocrisy.
To be honest, the entire Airline industry is at fault for funnelling flights through 1-2 major airports in the same region.
Lots of other places they could have invested their money in to create alternatives but it was cheaper to accept something built by a couple of governments.
all airlines operate with HUBs on their domestic soil for airport and maintenance costs. Middleast airlines EK, QR, even EY and KU became in the past years major providers of airfreight capacities between Asia and Europe. It is impossible to develop your whole HUB structure or totally operate away from your core market area in anticipation of a regional conflict not of your doing.
I mean….I am going to assume you guys TOTALLY have a say on this right?!
If the answer is no, then PROVE YOU CAN get the US to submit to you - shut down all oil and pull all funding out of the country, FAST and FURIOUS the same way this operation unfolded.
Otherwise….you guys are done, there will be decade of insurgency that you won’t be able to control - at least that’s the way I see from this chair, based on the information in the media.
Well, he's trying to screw up the world as quickly as he can befoe the waves of dimentia wash completely over him. His friends are willing to help him cash in on it, as they've invested in bullets not beach umbrellas.
No, we’re trying to explain to Trump supporters who don’t think this impacts them directly that it actually does. They can’t see the forest from the trees so we really have to spell things for them to get them to understand how trump’s policies will directly impact them in some pretty negative ways.
But even then it can be hard to get through to most of them.
Once youre in a cult and covered by a blanket of blatant lies and propaganda its next to impossible to snap them out of it.
Theyve been told for decades that everyone is lying to them except Fox and other rightwing outlets, they just dismiss any information that comes from outside their narrative bubble.
The only sign that trump is done and this maga bullshit is dead is when Fox and OAN, Newsmax and others explicitly turn on trump and start saying the truths the rest of us know, until that happens their stupidity and obstinacy will just continue rolling
Middle-East has a lot of cross-travel through its region.
To me, its not a big deal anyway. This only really impacts wealthier people anyway who can afford to travel internationally. I think they'll live without one additional luxury.
Unfortunately, the wealthy whales basically keep the industry afloat. Also, it's not just wealthy people that travel through Dubai, it's the world's busiest airport.
Are we sure that is only debris falling from the sky and not the world famous Dubai chocolates, also who is stranded out there anyways? The "social media influencers" who engage in cultural exchanges with the emirate royal families and their attaches?
I'm just a regular guy, and I was over in the UAE for a vacation for fun one week before this S hit the fan. If my travel plans had been 1 week later, I'd personally be stranded there.
Anyone with a shred of empathy and half a brain knows this is a screwed up situation and people stranded are scared.
rom_rom57 | a month ago
Yeah, you give a guy a $400 mill plane and that’s what you get in return. I forgot the fake investments in Data Centers, Trump family scams for Trump hotels and gold courses. Couldn’t happen to the nicer people. /s
awsengineer1 | a month ago
And crypto scams. Trump and Melania coin
likamuka | a month ago
The orange cult loves it.
GeneticEnginLifeForm | a month ago
I think they are still waiting to get those phones.
DerpsAndRags | a month ago
And the $2000 tariff return checks.
xjay2kayx | a month ago
Don't forget the $5000 Doge rebates. Any day now.
DerpsAndRags | a month ago
I must have missed that one. I guess I need a better grift tracker.
AdEffective2701 | a month ago
The daily winning. 1-800-Suck It.
b00c | a month ago
Imagine Trump ends up like that journalist at the embassy.
bloodphoenix90 | a month ago
Stop i can only get so erect
PhilosophyEasy71 | a month ago
Nobody wins a deal with the devil
Kiroboto | a month ago
Unless you're the devil
boofles1 | a month ago
Don't forget teh $500 million "investment" in World Liberty Financial and the Nvidia GPU "deal".
User-no-relation | a month ago
That was Qatar. Different country
Masterbrew | a month ago
Theyre fucked too. All the Gulf Coast cities are in close range of Iran. Qatar hosts the US military so they will be targeted. Qatar has tons of western tourists and sports washing like Formula 1, all in jeopardy now.
adario7 | a month ago
It’ll be funny if the Saudi’s pulled outta the Warner Bros deal. They won’t, but would be funny af if they did.
rom_rom57 | a month ago
They all paid for “protection” in one way another but they failed to get it. If that happened in real life, someone would walk in a basement room with a plastic sheet on the floor.
Thom0 | a month ago
Th issue is how Western media sources are reporting on this war. The US is acting on the initiative of the ME states, not against them. They have been locked in regional cold war with Iran for 50+ years now and the consequences have been radical - everything from ISIS, to Syria, Lebanon, Yemen, island disputes with the UAE, Shia minorities in Oman and Qatar, the ongoing decline of Iraq, and even Palestine-Israel. Iran has pushed its fingers into all of the pressure points it can to force a change in how international relations are conducted in the ME. They want political Islam and they want the oil. To get that, they need to displace KSA which is what they are doing.
In the West, the war is reported as "US", or "Israel" (or "UK" if you're in the UK), but they don't cover the fact that while it is the US and Israel doing the heavy lifting, it is Turkey, Jordan, KSA, UAE, Qatar and Oman who are also supporting.
Even now, the big issue is regime change vs regime control. The ME wants regime change. They want the Ayatollah gone so that the money and guns stop flowing, so that the Islamist networks can finally collapse so that these states can at last move on politically, economically and socially without Iran constantly exerting an existential pressure onto them.
I'm absolutely convinced the media is intent on misrepresenting everything, and anything all for the sole purpose of generating conflict. How the West and the ME are reported in relation to one another is so wrong and it simply doesn't reflect the actual relationship between these two spheres which is a lot closer, and more alike than people realize. We are not in the 2000's anymore. This isn't Iraq, the world has changed, and ME states actually have some autonomy and power. The world of the past is long gone but it really feels like the West is locked in this confused, post-9/11 world view still.
EDIT: Yes Iraq was wrong, and yes arbitrary power is wrong. With that said, if you're simply downvoting due to you disagreeing with what I said then I am sorry to say that you're factually not prepared to consider any regional issues in the ME. Objectively, the ME has been talking about Iran for decades.
Sources: m
Iran has been a problem for decades and while we are all free to have moral views on war, when it comes to funding ISIS, the only answer is you're the bad guy. Iran isn't funding groups with coherent political goals. They're just setting a region on fire to get more oil, and control of the Ummah. Hundreds of millions of people live here - people who want a life and they're done with being stuck in decades long cycles of violence. You're in the West and you're never going to have to deal with these issues directly so its easy to have uninformed, morally utopian views on the world.
EDIT 2: if you think Iranian criticism is a Zionist psyop then you're an idiot who doesn't read. You watch Youtube shorts, TikTok, and read X posts. Your whole world view is drip fed to you by someone who gets to decide how you're going to see the world.
block-bit | a month ago
You forget US involvement in Iran during 50s contributing to an authoritarian regime. The iranian revolution that followed is very much intertwined with a lot of these problems.
Comrade_Derpsky | a month ago
Kind of irrelevant to the situation right now. The current conflict is a culmination of what the Islamic Republic decided to do.
Iran right now is getting burned by its own cumulative ideology driven policy choices. Their foreign policy of trying to export their shia islamic revolution and sticking their dicks into Israeli-Arab and inter-arab conflicts was always going to make them a lot of enemies and now it's blowing up in their faces. Pre-revolution Iran stayed out of that stuff because there was never any real strategic interest in getting entangled in it, only downsides.
soluko | a month ago
> it is Turkey, Jordan, KSA, UAE, Qatar and Oman who are also supporting.
so why aren't they allowing US to use their bases to strike Iran then? https://www.wsj.com/world/middle-east/key-gulf-allies-say-they-wont-aid-u-s-in-an-iran-strike-limiting-trumps-options-47e1ce3d
madmax991 | a month ago
Ok then the Middle East countries should be dealing with it - why is the US leading the effort here?
GeneticEnginLifeForm | a month ago
IMO Israel is leading this. USA is is just the piggy bank.
Nyorliest | a month ago
So the media is misrepresenting things - where is your evidence coming from? Why would the US ever 'act on the initiative' of ME states, whatever that exactly means? And what is the reason why media owned by publicly traded equity and the ultra-wealthy - capitalist in every way - would misrepresent this? Your links are nowhere near as compelling or conclusive as you seem to imagine.
Also, a quick gloss over your post history implies that everyone is from the wrong place - the one that is biased. Everyone else is biased, only you, with your neutral nation and ethnicity, can see the truth. That's not compelling either. Evidence is compelling, and the contention that MSM would misrepresent the situation against the interests of their owners requires a lot of evidence.
StanBae | a month ago
I can't find a source that Iran funded ISIS.
snailman89 | a month ago
That's because it's nonsense. Iran, Hezbollah, and Assad fought against ISIS.
There's two power blocks in the Middle East: the Israeli/Sunni Power Block, and the Iranian/Shiite Power Block. ISIS was part of the former. Iran hates Al-Qaeda, ISIS, and the Taliban. It's the Sunni Gulf States like Saudi Arabia that have funded Al-Qaeda and the other Sunni jihadist groups. Coincidentally, those groups never attack Israel, even though they somehow find the time to attack every other country: the US, Russia, UK, Spain, India, etc.
Israel and the Gulf States are the problem. We've backed there wrong horse.
emp-sup-bry | a month ago
100%.
Wonderfestl-Phone | a month ago
> Iran has been a problem for decades and while we are all free to have moral views on war, when it comes to** funding ISIS**, the only answer is you're the bad guy. Iran isn't funding groups with coherent political goals. They're just setting a region on fire to get more oil, and control of the Ummah.
Complete inversion of the truth. You might as well be doing an Alex Jones voice and yelling about crisis actors.
silent_cat | a month ago
> The US is acting on the initiative of the ME states,
If that were true, where are the official statements to that effect?
Here we have the most powerful army in the world, starting a war that's not popular within the country itself, which will cause untold economic turmoil. And you're saying that country is doing it because other countries in the ME asked them to?
Makes no sense at all.
Thom0 | a month ago
It makes no sense if you're literally illiterate and don't know the most basic elements of ME regional relations.
This view is popping up a lot and it really is the natural progression of a sort of 1990's/2000's form of Eurocentrism, or Western ignorance. You dismiss that these states have agency and interests and instead, you assume what they are on their behalf and then deny anything to the contrary.
_karamazov_ | a month ago
You claim Iran supported ISIS? Are you sure?
emp-sup-bry | a month ago
This is a rotten bowl of wormy word salad.
Retro_Relics | a month ago
the thing is, we're doing the right thing for all the wrong reasons. the regime change *is* a good thing not just for the people of iran but the whole region, and it *does* break a stalemate that has been in place, and it does take the last big bastion of fundamentalism in the region out which makes it easier for burgeoning states like Iraq and Afghanistan to push out the fundamentalists that are actively working on holding them back.
But we're not doing it to help the people of Iran against an authoritarian regime that took a vibrant, thriving culture and shoved it deep underground and is literally slaughtering them and restricting their access to water, we're not doing it because we want to support the people of Iran. We're not doing it to even fight ISIS or terrorism or extremism.
Fuck, we're not even doing it for oil.
We're doing it to appease Trump's machismo and make him feel big and important. And to cover up the epstein thing
mullsies | a month ago
All industries are affected.
Trump (now sporting apricot coloured hair) cost me an extra $100 on fuel so far and I'm on the other side of the world.
1mp3rf3c7 | a month ago
He's fucked a lot of people's retirement investments. I'm lucky I'm not retiring for awhile yet.
CheesePlease | a month ago
SPY is up 16% year over year. Anyone retiring soon is pretty freaking happy with that.
1mp3rf3c7 | a month ago
Add inflation, dollar devaluation and then compare to any other countries index. Also it's gotta suck to be drawing down when everything is going to shit. Going to be another big drop this week probably, and a trend I expect to continue.
J-ShaZzle | a month ago
If you are retired then you shouldn't be invested in the sp500. Need to be in a way more stable and safer fund/bonds/etc. At point of retirement, its wealth preservation, not creation.
But yeah, I'm sideways since Oct 25. Haven't added any significant gains since. Keep buying during the really down days. Luckily we diversified and my wife has global in her plan so that's been pretty good.
alexwan12 | a month ago
The dollar lost 16% from the start of the Trump presidency, so all stock markets have been mostly flat for the last 6 months.
LeptokurticEnjoyer69 | a month ago
If a 12 month period of no real growth (ie. Not even a decline)
>fucked a lot of people's retirement investments.
then good riddance. That's not an investment, that's casino.
Fluxtration | a month ago
"I got mine, so fuck you"
LeptokurticEnjoyer69 | a month ago
Wtf does this even mean? You'd be fine too if you had invested in SPY and not MelaniaFartCoin. That's however your fault, not mango mans.
Hell, unless you're a terrible investor, your real gains should still be positive in basically any sector.
evetSC | a month ago
Check USD value again
LeptokurticEnjoyer69 | a month ago
It feels like people live in some alternative universe where the dollar had 20% inflation and the stock market cratered 30% since Trumps inauguration.
When in reality the market went up by 15% nominal and there was like 4% inflation.
It's a pure vibe crash.
TropicalKing | a month ago
China is eventually going to take notice. They want their imports and exports to keep flowing. Xi mostly just cares about the well-being of China and his own people.
If the war isn't over soon, it's really only a matter of time before China interferes.
keruru-beruru | a month ago
>"Xi mostly just cares about the well-being of China and his own people."
well-being of the CCP
his throne.
~~if u haven't heard me i might being held in correction camp somewhere~~
PhysicallyTender | a month ago
And CCP's fate is tied to its people.
The regime might be different, but China had always been running on the same operating system: the mandate of heaven (in this case, the mandate of the people)
SirenSix | a month ago
Can the entire world unite just for like 2 years and take down America together?
zdk | a month ago
You just need to pay off 10 senators it’s not that hard
Ok-Animal-6880 | a month ago
That would require Europe to switch its allegiance from the US to China.
SirenSix | a month ago
Eh... I mean, at this point I don't really feel like the US is being any better than China.
awesome-alpaca-ace | a month ago
I saw that an international organization was actually considering it given the human rights abuses going on
Feisty-Example3038 | a month ago
Yeah except dubai is because Iran is literally targeting residential areas with missiles
lopix | a month ago
Canadian here. We might get more oil & gas customers, so that's cool. And we cancelled our Florida trip this year, heading to Quebec. Boosting tourism at home. I don't like paying more for gas, and I know grocery stores are going to fuck me with higher prices. But a lot off the dumb stuff Trump does backhandedly can work in our favour.
Moral-Relativity | a month ago
Worldwide though far more ppl will be negatively impacted than the other way. Some governments are just not equipped to insulate their citizens from this much supply shock.
Nyorliest | a month ago
I remember an article in, I think, the FT, more than ten years ago. A Goldman Sachs exec was talking about how outsourced manufacturing was shifting from China to Vietnam, Indonesia etc, because 'unfortunately' QoL had risen, salaries had risen, and so labor costs had gone up a lot.
That 'unfortunately' was quite a thing to read. A real mask-off moment.
This reads like that. The killing is affecting the travel industry? OK, that seems fine and extremely predictable. I imagine it's also tremendously affecting real estate prices. I don't care.
Moral-Relativity | a month ago
As you can gather from other comments, the disruption is also expected to affect food prices, due to decreased fertilizer and fuel supplies. That will disproportionately affect the poorest.
Nyorliest | a month ago
Fortune's article is about the travel industry, not logistics and cargo, and is grotesque. What you are talking about is an entirely different issue - and almost everything hurts poor people disproportionately - and you should be ashamed of this disingenuous apologetic.
Learningstuff247 | a month ago
How many people make their living off of tourism
Wise138 | a month ago
Also, want to call out that this event will have an impact on the oil industry as well. Oil isn't moving, and the oil shock will hit the global economy sooner than expected. I knew this administration wanted to roll back regulations, etc., just didn't think they wanted to relive the worst energy crisis in modern times.
Sad_Zucchini3205 | a month ago
Trump said they think about lifitng russias sanctions... Putin was meanwhile talking about holding back gas.
The world is so fucking cooked
FatMike20295 | a month ago
Not just Russia. India and China have stop the export of gas and oil.
ImmanuelK2000 | a month ago
those 2 countries are overall buyers, not producers
CockroachLate9964 | a month ago
Yeah, but they refine and distribute huge quantities throughout SE Asia, so expect seafood, clothing, etc. large price increases.
comelickmyarmpits | a month ago
*export of refined oil
FatMike20295 | a month ago
Not just oil, food supply is also affected. A good 20 to 25% of world fertilizers comes from country near the war is happening. These counties can't get the materials they need to make fertilizers or ship them out. Not to mention in March) April is when farmers in EU and India, China etc starts planting and they need the fertilizers to grow their corps. We can see food price surging as early as this summer. Pretty sure US is also affected in some way as even even though US gets a good chunk of fertilizers from Canada.
Lost-Cabinet4843 | a month ago
I've been warning people about this for a long time.
Look - food prices are going to get very very veryexpsnive this year. Stock up your freezer. It's easy to do, it costs you nothing.
Mathematically with this gargantuan disruption for the next year or more you will see significant impacts on food prices all over the world.
I invested heavily in potash and its paid off. This is why.
Rekthar91 | a month ago
Everyone already knows that. That's the first thing the news talked about.
DVSdanny | a month ago
"Really? I never would've thought about that," said No One Ever.
padizzledonk | a month ago
Its hovering around $90 a barrel for brent crude, it was around 60 last friday befor this shit started
I told someone we will see a 100 at some point this past week if this continues, and i was fed a bunch of "poo'poo" nonsense on how im wrong with all these examples, was basically called a Cassandra--maybe i said last monday or tuesday, im off on the timeline by a week+ but it seems im going to be right in the end
samsaraisdivine | a month ago
I don't feel sorry for anyone that rolls for trump. Not rich ME countries, private universities, law firms. Fuck them and you guys can get what is coming for you.
lemurjerky | a month ago
Yeah my maga coworkers have been quiet about the gas prices and took their work trucks back and fourth up to their homes in the sticks all last week to save on gas instead of using their own trucks. But they were screaming and putting stickers on gas pumps 4 years ago when the prices were high…
JoshTay | a month ago
>MSC Cruises said on Thursday it would charter five flights, each carrying about 1,000 passengers, to repatriate its guests on the MSC Euribia, a 6,300-person capacity ship which remained docked in Dubai as a result of the conflict.
1000 people per flight?? WTF kinda planes are they using?
And before someone says this comment is not about economics, if a commercial plane can hold 1000 pax, it would have a huge impact on travel economics.
faizimam | a month ago
It's a mistake surely. A A380 in full economy configuration is 850 people, but none are configured that way.
Max actual configuration is around 600.
Therecanbenopeace | a month ago
Did some international vacationing last year. was already planning on this being the year of remote camping in my area and getting away from people in general. This kind of just solidifies it.
Pleasant_Arugula7571 | a month ago
The airline angle that's underreported: Emirates, Qatar, and Etihad together carry roughly 30% of global long-haul traffic between Asia and Europe. Their entire hub model depends on DXB/DOH being open.Jet fuel at those hubs is sourced regionally. No backup supply chain exists at scale. A prolonged conflict doesn't just mean cancellations, it means the hub-and-spoke model that made cheap intercontinental travel possible collapses. Rerouting via European hubs adds 3-4 hours and significantly higher costs per seat.The $12T figure understates it if this persists beyond 6 weeks.
thaway314156 | a month ago
My guess is Gemini wrote this, is that correct?
Oograr | a month ago
Yeah this could be a big deal, so many flights route through Dubai/Doha. Maybe Istanbul airports will take up some of that slack, since they are a mid-way stopping point between Asia and Europe?
oldbutfeisty | a month ago
Is it the global travel industry? I'm not so sure. I believe it's the middle east luxury travel industry that faces headwinds. It's become exposed that there is actually no reason to go there at all, and several good reasons to stay away. I shall do just that, as I have done for decades. I'm disgusted by the hypocrisy.
Tough_Substance7074 | a month ago
Dubai might be done. The whole point was it was a safe place for your money and for expats to live like HedonismBot. That illusion is now shattered.
NTC-Santa | a month ago
Good
PaleConference406 | a month ago
Shattered illusion? I wouldn't say that, I'd say some naive fools have had their illusions shattered and are now facing reality
Dependent-Coconut64 | a month ago
To be honest, the entire Airline industry is at fault for funnelling flights through 1-2 major airports in the same region.
Lots of other places they could have invested their money in to create alternatives but it was cheaper to accept something built by a couple of governments.
Gr8WallofChinatown | a month ago
Oh yes the airline industry is at fault for not foreseeing the USA attacking Iran
khaerns1 | a month ago
all airlines operate with HUBs on their domestic soil for airport and maintenance costs. Middleast airlines EK, QR, even EY and KU became in the past years major providers of airfreight capacities between Asia and Europe. It is impossible to develop your whole HUB structure or totally operate away from your core market area in anticipation of a regional conflict not of your doing.
Dependent-Coconut64 | a month ago
I disagree, every system should have built in redundancy. Just because they all followed the same model doesn't make it the right model.
I cant believe no one thought Dubai was in a risky area.
ComMcNeil | a month ago
Redundancy costs money, money the average traveler is not willing to spend.
Dependent-Coconut64 | a month ago
True but I reckon at the moment its cost the airlines more than a new airport in a different location.
enunymous | a month ago
Airline industry isn't a single entity. This is a simplistic viewpoint that doesn't make sense
Real-Ranger4968 | a month ago
I mean….I am going to assume you guys TOTALLY have a say on this right?!
If the answer is no, then PROVE YOU CAN get the US to submit to you - shut down all oil and pull all funding out of the country, FAST and FURIOUS the same way this operation unfolded.
Otherwise….you guys are done, there will be decade of insurgency that you won’t be able to control - at least that’s the way I see from this chair, based on the information in the media.
MrmmphMrmmph | a month ago
Well, he's trying to screw up the world as quickly as he can befoe the waves of dimentia wash completely over him. His friends are willing to help him cash in on it, as they've invested in bullets not beach umbrellas.
DasistMamba | a month ago
I understand that tourism in the Middle East is experiencing problems, but I don't think that the entire global tourism industry is under threat.
asusc | a month ago
lol what do you think fuel prices will do to ticket prices?
what do you think that will do to hotel/resort availability?
what do you think that will do to the job market in the tourism/transportation industries?
id_o | a month ago
Fuel price goes way up, flights start costing more too, less people fly, less tourists everywhere.
Zank_Frappa | a month ago
kids dying in schools and this mf is worried about the impact it will have on the tourism industry in Ibiza
asusc | a month ago
LOL
You think we care about dead school children?
laughs in American
No, we’re trying to explain to Trump supporters who don’t think this impacts them directly that it actually does. They can’t see the forest from the trees so we really have to spell things for them to get them to understand how trump’s policies will directly impact them in some pretty negative ways.
But even then it can be hard to get through to most of them.
padizzledonk | a month ago
Once youre in a cult and covered by a blanket of blatant lies and propaganda its next to impossible to snap them out of it.
Theyve been told for decades that everyone is lying to them except Fox and other rightwing outlets, they just dismiss any information that comes from outside their narrative bubble.
The only sign that trump is done and this maga bullshit is dead is when Fox and OAN, Newsmax and others explicitly turn on trump and start saying the truths the rest of us know, until that happens their stupidity and obstinacy will just continue rolling
Electrical-Box-4845 | a month ago
Sir, do you eat meat?
ImIndiez | a month ago
Middle-East has a lot of cross-travel through its region.
To me, its not a big deal anyway. This only really impacts wealthier people anyway who can afford to travel internationally. I think they'll live without one additional luxury.
Snl1738 | a month ago
Unfortunately, the wealthy whales basically keep the industry afloat. Also, it's not just wealthy people that travel through Dubai, it's the world's busiest airport.
CautiousMagazine3591 | a month ago
Are we sure that is only debris falling from the sky and not the world famous Dubai chocolates, also who is stranded out there anyways? The "social media influencers" who engage in cultural exchanges with the emirate royal families and their attaches?
Anything9415 | a month ago
Who is stranded? Are you serious? You know that those are connecting hubs? Dubai, Abu Dhabi, Doha
Whoever was flying home for example from Europe to South East Asia could get stuck there while waiting for the connecting flights
jostler57 | a month ago
The fu?
I'm just a regular guy, and I was over in the UAE for a vacation for fun one week before this S hit the fan. If my travel plans had been 1 week later, I'd personally be stranded there.
Anyone with a shred of empathy and half a brain knows this is a screwed up situation and people stranded are scared.
Downtown_Statement87 | a month ago
It seems like anyone with a shred of empathy would avoid going to Dubai for fun, but your point still stands.
jostler57 | a month ago
By your subtextual logic, there's almost nowhere good to visit, including the US.
Get real.