An economically illiterate trump warns the markets.
For starters, Trump has never been Mr. Nice Guy.
He is a crass, arrogant, economically-illiterate rapist and pedophile-protecting narcissist fool, and also the world’s biggest liar.
Those lovely qualities aside, let’s discuss his latest shambles of a plan.
Prepare for Extended Blockade of Iran
The Wall Street Journal reports Trump Tells Aides to Prepare for Extended Blockade of Iran
President Trump has instructed aides to prepare for an extended blockade of Iran, U.S. officials said, targeting the regime’s coffers in a high-risk bid to compel a nuclear capitulation Tehran has long refused.
In recent meetings, including a Monday discussion in the Situation Room, Trump opted to continue squeezing Iran’s economy and oil exports by preventing shipping to and from its ports. He assessed that his other options—resume bombing or walk away from the conflict—carried more risk than maintaining the blockade, officials said.
Yet continuing the blockade also prolongs a conflict that has driven up gas prices, hurt Trump’s poll numbers and further darkened Republicans’ prospects in the midterm elections. It has also caused the lowest number of transits through the Strait of Hormuz since the war began.
Since ending the major bombing campaign in an April 7 cease-fire, Trump has repeatedly walked back from escalating the conflict, opening space for diplomacy after earlier threatening to destroy the entirety of Iranian civilization. But he still wants to tighten the grip on the regime until it caves to his key demand: dismantling all of Iran’s nuclear work. On Monday, Trump told aides that Iran’s three-step offer to reopen the Strait of Hormuz and save nuclear talks for the final phase proved Tehran wasn’t negotiating in good faith, The Wall Street Journal reported.
For now, Trump is comfortable with an indefinite blockade, which he wrote Tuesday on Truth Social is pushing Iran toward a “State of Collapse.” A senior U.S. official said the blockade is demonstrably crushing Iran’s economy—it is straining to store its unsold oil—and sparked fresh outreach by the regime to Washington.
Not Negotiating in Good Faith
It’s quite the hoot to proclaim Iran is not negotiating in good faith when you destroy working deals and walk out of negotiations to launch a stupid war.
Trump no longer negotiates, he makes one-sided demands. Then he doesn’t even honor them as our allies Mexico and Canada have found out.
Crushing the Global Economy
It’s true that Trump is crushing Iran’s economy.
However, to varying degrees Trump is crushing the economies of he oil producers, Asian countries other than China and Japan, US farmers, US importers, and other nations to various degrees.
As a whole (US farmers and importers excluded), the US, China, and Japan are less damaged than other nations, and Iran more damaged than other Mideast oil producers.
Trump sees this as winning. I see it as global losses, some of which are not easily repaired.
AAA Fuel Prices
The price of regular gasoline is up 20 cents from a week ago and $1.07 from a year ago.
Diesel is down two cents from a week ago but up a whopping $1.91 from a year ago.
About 30% of the world’s nitrogen fertilizer supply travels through the Strait of Hormuz, which has been blocked because of the war in Iran.
A farm bureau survey shows nearly six in 10 farmers report worsening finances, reflecting rising fertilizer and fuel costs during spring planting and underscoring the urgent need for immediate economic assistance to keep farms gates open.
If the blockade goes on another two weeks, gasoline prices will likely hit a new record high.
Bond Yield Creeping Up
After ignoring all of the stock market and oil market gyrations and Trump’s market manipulations for weeks, bond yields have gotten the message that Trump may be as stupid as he sounds.
Yield on the 30-year bond is up again today by 4 basis points to 4.98 percent. I will take a deeper dive into yields later today after the FOMC meeting.
It’s 100% the Fed will stand pat today. This is Powell’s last meeting as Fed chair, but I expect him to stay on, causing another battle with Trump.
Yesterday, I noted National Gasoline Prices Hit the Highest Level Since Start of War in Iran
Today, the price of regular gasoline is up another 5.3 cents.
Related Posts
April 25, 2026: Mideast Dollar Funding Panic, Bessent Portrays it as Strength
I was asked to comment on US dollar swap lines to Mideast oil producers.
April 27, 2026: Day 56, an Uneasy Stalemate in Iran, Germany Says Trump Has No Strategy
Iran makes a proposal the US won’t accept. The US makes demands Iran won’t accept. Is this strategy?
April 28, 2026: UAE Leaves OPEC and OPEC+ in Huge Blow to the Cartel. What’s That Mean?
The UAE decides that its best interests are leaving the group. Let’s discuss the implications.
Hello world. Today is the 60-day milestone of the war. Netanyahu convinced Trump this would be over in 3-5 days.
OP Money Is now a Banned Liar.
He stated “GROK replied to you Mish:
Your foaming-at-the-mouth rant is the usual bankrupt blogger bile from a guy who’s spent years peddling doomer gold-bug nonsense while Trump actually moved the economy.”
Here is the actual Grok Reply
https://x.com/grok/status/2049517285325332808?s=20
3-star Mishelin award for decisive action and for triggering a MAGA snowflake!
It’s so pretty when the snowflakes flame out.
Farmers are reeling from the accelerating fuel and fertilizer squeeze!
Regular gas was $2.96 the day of the election. Today it hit $4.40
Our coffee clutch has broken down because the participants are too busy or angry to get together.
The Trump sign left by the previous owner on my new farm was vandalized and torn down! I was going to let it rot into the ground over the next few years as a reminder that Trumps policies bankrupted the former owner of the farm!
This is an interesting read on fertilizer prices and projections:
https://www.capts-ndsu.com/_files/ugd/3c6228_5cd4b04cd7d94d49bcb284c96c337ed8.pdf
Quite a few governments are worried about global famine as a result of what is projected to be a 30% lower rice harvest in India… 3 billion people at risk of food shortages in Western Asia.
“Our coffee clutch has broken down because the participants are too busy or angry to get together.”
😆😆😆
Frosty, your “real life” posts always appreciated as opposed to some of the fake nonsense that get posted here.
US Inventory changes over the last week
Commercial Oil Inventories: down 6.2 million barrels
SPR Oil: down 7.6 mb
Gasoline: down 6.1 mb
Distillates: down 4.5 mb
Weekly Oil Exports in mb
March 3.4, 4.9, 3.3, 3.5
April 4.1, 5.2, 4.8, 6.4
Is Venezuela affecting these export numbers, or are they only oil domestically sourced?
Despite Trump’s belligerent bravado, I believe he really wants to walk away from cascading disaster he has wrought in the Middle East.
If Trump were smart, he would use the upcoming vote in Congress to either stop or continue his Iran war. He is at the 60 day limit in the War Powers Law.
Democrats will probably vote in unison against continuing. If he can convince just a few Republican sycophants to vote with them, Trump can walk away and shift the blame for the ensuing chaotic defeat onto the Democratic party, saying they were cowards who tied his hands right when he was on the verge of total victory.
Of course Trump is not smart, and Mr. Netanyahoo, holding the Epstein videos, would probably not agree, but one can dream.
Iran is squeezed:if they can’t export oil,they have to stop drilling,which would destroy the installations.
The Netanyahu-Trump Iran war of purposeless aggression will be retrospectively considered by most as the trigger for one of the greatest global stock market (and crypto and gold) crashes and greatest recessions and likely global famines in recorded history. Oil futures, increased by 7-8.5% today and are in their 2nd Fractal series’ valuation rapid acceleration phase after a 3-phase 1st Fractal series starting on16 Dec 2025: 15/35/36 days :: a x/2-2.5x/2-2.5x growth series. The SPX had its 1982-2026 13/33 year : x/2.5x valuation peak at 330 PM EST 27 April 2026 and has begun it’s hourly crash 1st fractal decay series of 8/13 of 17/17 hours equaling 3 of 6 days.
I am surprised that the DOW is not down 10,000 points.
Definitely crazy times in the markets
“For starters, Trump has never been Mr. Nice Guy.
He is a crass, arrogant, economically-illiterate rapist and pedophile-protecting narcissist fool, and also the world’s biggest liar.
Those lovely qualities aside, let’s discuss his latest shambles of a plan.”
Whether Trump is a rapist depends on your definition of rape. I suspect that if Trump is a rapist, most of us are.
He may be crass and arrogant, but a lot of successful men are.
A lot of successful men look as if they are economically illiterate, too. I suspect that, although they may not be able to talk the talk, they probably have enough basic common sense for practical purposes. A lot of businessmen are like that, too, or they were when I was younger.
I haven’t heard of his protecting any pedophiles. A lot of fuss is being made about young hookers hired by Epstein. As I understand it, Trump actually stopped Epstein from hiring potential young hookers at his resort.
He probably has a big ego. I’m not sure you can call that narcissism. He doesn’t look like a fool to me, just someone who is outside the sick norms of modern Western society.
I have never been much of a negotiator, but I gather that negotiators tend to lie a bit. Whether he has a plan or not is something that we shall only be able to figure out afterwards. In military matters, as in negotiations, part of the job may be keeping the enemy (and everyone else) from seeing your plan.
He is the modern poster boy for narcissism. Look up the DSM5 and his picture should be included for current examples. Throw in many of the world’s authoritarian leaders. Being narcissistic has nothing to do with being a fool, but he both. This puts us at a disadvantage when dealing with the world’s authoritarians who aren’t fools.
100%
Mr Nice Guy double-tapped an Iranian little girls’ school, incinerating 168 people
Mr Nice Guy then said it was Iran who firebombed the school
Mr Nice Guy is destroying the global economy
Mr Nice Guy threatened to end Iranian civilization forever
I certainly hope there is no more Mr Nice Guy
Well played, sir!
But then he’s only the current acting front man.
Not the one making the decisions. As now abundantly clear to absolutely everyone.
His handler(s) and financiers are the ones responsible for all this.
This, to me, is a really interesting proposition. With a lot of the presidents, it is hard to believe that they are the ones really making the decisions. My impression with Trump in his first term was that he wanted to be the one making the decisions, and the usual suspects didn’t like it. I think it was almost exactly the same with Dick Nixon in my young days.
I am inclined to think that with most of them, there is some sort of committee supervising them. Then, too, there are things like Executive Support Systems or Decision Support Systems. I learned a little about them at university before they discovered that I wasn’t the sort of person who should be allowed to know about things like that. As I see it, those sorts of systems could very easily be used to make a simple person think he was somehow in charge, while he was being manipulated by the people who managed the paper flow.
As I recall it, George Bush II didn’t have any idea what to do when the first news of the 9-11 events was brought to him, and went on talking to some kids he was with. I have always assumed that that atrocity was directed by the U.S. Government, and my interpretation of Bush’s behavior was that he hadn’t been told. He wasn’t the sort of person that you could allow into a secret like that. So, with no instructions, he didn’t know what to do.
I understand that Obama also suddenly became much less eloquent when he didn’t have a teleprompter to read from.
If you read about the history of royal families, they are apt to be founded by a soldier who really does make his own decisions. Later generations are apt to fall under the influence of their advisers, and sometimes to lose power completely to them. That happened to the Merovingians in France and to the Japanese emperor. By what I have read, it also happened pretty much to the Bourbons in latter-day France. A great deal of the significant history of France in that day is usually attributed to two very powerful ministers, Cardinal Richelieu and Cardinal Mazarin, who ruled while Bourbon kings reigned.
I think any political system tends to develop barnacles as it moves along. I see no reason that this should not have happened to the U.S. system, which has its public focus in the institution of the presidency.
“No More Mr. Nice Guy”
Trump’s Legacy:
“America’s Political Class (Both Parties) – Now Notoriously Known As – The ‘Epstein’ Class”
Jimmy Savile PDF ‘Club’ Member King Charles VISITS Jeffrey Epstein Island PDF ‘Club’ Member President Trump.!
It’s A BIG ‘Club’ – You Ain’t In It.! (George Carlin)
Instead of TACO Trump, he is giving us NACHO (Not A Chance Hormuz Opens) Trump.
He may in a sense of ‘delicious’ irony go down as the Mexican Food President 🙂
Or as Trump might put it when you try to eat his queso: “That’s notyo cheese”
You think Donald will make a run for the border?!
“May his days be few; may another take his office!” (Ps 108:8)
🙏🏻
109:8 well done 🙏
We don’t use the Masoretic codex made up by the jews in the Middle Ages, but the codex used by the Apostles and all Christians until the Reformation.
Orthodox?
109? Let’s make it 110 !
So nothing has changed, in other words
He’s got one foot nailed to the floor, walking in circles
The difference between Vietnam and Iran is Trump knew how to get out of Vietnam.
This cannot be improved upon.
The mouth is running full tilt though.
So do you think Iran’s ports blockade will do nothing?
What, no Alice Cooper musical tribute?!
‘Welcome to my Nightmare’ tour?
That’s just the way we are when we come down.
This excerpt seems particularly relevant to Trump:
I got no friends ’cause they read the papers
They can’t be seen with me
And I’m feelin’ real shot down
And I’m, I’m gettin’ mean
No More Mr Nice Guy
Alice Cooper
The damage to the global economy is negligible compared to what would have happened had Iran been able to go on its merry way,
Really! They have been going their merry way for 1000’s of years. They made a deal with Obama and all evidence says they were keeping it. Meanwhile the damage to the global economy is not even over yet so how do you know which is worse?
BTW global means the whole world not just you.
Trump while still high on his victory with Venezuela decided to trust Nutandyahoo and go out for weekend of fun and kill us some ragheads and they got the surprise of their lives! Trump is still trying to play tough guy while desperately looking for an off ramp. He should stick to writing books on making deals because he is obviously not good at making deals with real people.
Basically if he can’t bully them he TACOs. Genius strategy!! And sooo effective.
Yep. So easy to get into a war. So difficult to extract from one and try to save face. Vietnam, Afghanistan, & Iran come to mind.
You have to explain what actually has changed? What will stop them from continuing on their merry way? Most likely, the resolve to continue on their merry way has increased substantially.
They are significantly less merry now.
At this point, I wouldn’t care a bit if Iran absolutely glassed Israel. The Israelis have turned into blood thirsty monsters.
Religous zealots bent on maximum destruction prepared to take the world down with them in their “greater Israel” hallucination. NWO master race with Jerusalem as capital. Lets see how this pans out. Majority of Jews strictly against this plan and the chaos & sorrow it is already now causing on a global scale, but they’re not being asked nor are we.
The extreme paranoia in Tel Aviv is off the charts insane.
The attitude toward all of their neighbors seems to be ‘kill them now before the day comes they eventually kill us’.
.. and you probably can’t even blame them for their fear, but it’s all self-inflicted. Balfour at the origin of this all.
So why did equities take a dump when Trump and Israel made war on Iran?
No more Mr. Nice Guy
No more Mr. Clean
No more Mr. Nice Guy
They say he’s sick, he’s obscene
Damn, I didn’t see you beat me to it!
It was abundantly obvious that any talk of a ceasefire was a ruse to give the US time to reload and take another shot.
Iran was foolish to have let up on the pressure. The Americans and Israelis understand only force, a lead pipe to the face, over and over again.
They got time to reload too.
The Fed should hike the Federal Funds rate a quarter point now. There is nothing transitory about this.
You’re right,but the private credit crash says NO!
If Trump plans on keeping the Strait closed because he’s no longer a “nice guy” and the Fed knows this is Trump’s plan, then it should be raising rates at least a quarter point to ward off the inevitable inflation. Strait closed = massive inflation.
The truth is Walsh testified before Congress with inflation running hotter at 3% or more being perfectly ok with him. This is JPow’s last change to do something right before it all goes wrong.
Even if Trump TACOs today, the damage is already baked into the inflation cake.
Do worry, Trump will find a way to make things even worse.™
Warsh.
Let’s just call him Walrus.
He is the Walrus – lol.
Rag
no more Mr nice guy? Fine than send Kid Rock to the middle east on the front line
https://www.youtube.com/shorts/dNjIh20xZEw
Mish, take your meds, please.
Aww… boo boo got triggered by truth.
Says the Randroid cunt.
Trump’s posts create the volatility that allows me to trade and make a lot of money. Thanks Trump.
Meanwhile, many sources show that Iran is still shipping oil in spite of the US blockade.
Iran Ships 4 Million Barrels of Oil Despite US Naval Blockade, Tanker Trackers Reveal Resilient Exports
If Iran weren’t selling oil, the price would sky rocket to $150, not sure why people can’t put 2 and 2 together on this issue.
And the US dropped sanctions on Russian oil again after saying they wouldn’t. Helping your enemies in order to keep oil prices lower than they would otherwise be, in order to keep gas prices lower for US consumers.
I say, foreign policy is domestic policy. Specifically, electoral policy, for every White House tenant launches a war of the mid term elections are wobbly for his party. And it’s worked like a charm with boot licking Usonians, always ready to fall in line behind the commander in chief.
Price is still driven by futures.This keeps the price low enough to delay an immediate crisis.
Canadian LNG companies are now acquisition targets
In other news, gas prices rising and stocks near all-time highs. K economy roaring for and against both legs of the K.
“stocks near all-time highs”:inflation!
He must keep Satanyahu happy.
Best April Fool’s joke that I have ever heard.