The stock market is telling a different story from the 'Iran is strong, America is overreaching' narrative being spewed by mainstream media.
For weeks, the financial war narrative has been 'Iran, strong; America, reckless', risk's like mercury and the thermometer rising. And yet, the stock market has done the opposite.
As Hugh Hendry remarks in his latest 'Acid Capitalist' report:
"the gap between what you're reading on the front page of the Financial Times or in the Wall Street Journal, and what you're seeing every day in the stock market... has become too wide to ignore."
"...the transatlantic intelligentsia of the coastal elites and the European Sophistocrats, tell you the same goddamn thing:
Iran, Darling, Iran has the upper hand. The strait is their choke point.
Trump, Trump, that clown he’s out of his depth. He’s a reckless vulgarian, and he’s dragging all of us into another disaster.
While the patient, chess-playing Iranians, they hold every card as they sip tea in Tehran.
My brothers and sisters, this is not journalism. It’s a fucking echo chamber. "
This is all perfectly engineered to confirm with every lazy prejudice. It is also contemptible because it's wrong.
Source: ZeroHedge News
