• 29 Posts
  • 367 Comments
Joined 1 year ago
cake
Cake day: June 9th, 2023

help-circle

  • BombOmOm@lemmy.worldtoWorld News@lemmy.worldThe Choice America Now Faces in Iran
    link
    fedilink
    English
    arrow-up
    12
    arrow-down
    11
    ·
    edit-2
    2 days ago

    The fun problem with isolationism is it just allows problems to fester; then you have something much worse to deal with later. You may want to ignore the world, but the world won’t ignore you.

    Edit: An Iranian proxy has been shooting civilian shipping and civilian crews from all countries for the last year. There are problems one cannot simply ignore.









  • Yeah, I think someone in Saudi Arabia looked at the expenses for The Line‡, and then put out a number that sounds nice and would help with that massive outflow; but like you said, didn’t trifle with a more realistic target. Meanwhile, Russia is pumping with whatever hasn’t been hit by a drone yet, as they can use every ruble they can get; depressing the price.

    ‡I still can’t get over how, instead of building up an industry in Saudi Arabia to vary the economy, instead they went for a vanity mega-project to … attract tourists?













  • 19% central bank rates are anything but normal.

    In the US, a 6% 30-year mortgage on a $200k home costs $1,199/mo (excluding taxes, insurance, etc). That exact same mortgage at Russia’s 19% is $3,178/mo.

    No, at 19% it’s basically impossible to finance anything. Good luck buying a home, buying a car, expanding your business. We are talking literal credit card rates for the safest of things. And I’m being generous here, nobody gets the central bank rate, that is the floor, the cheapest rates that only banks get.