Oil is spiking, stocks are down 2 percent, and the war in Iran resumes. 
I love the Inflation
In response to a question about the CPI Trump responded “I love the Inflation”
Q&A on Inflation
When asked if he is concerned about the latest inflation numbers that came out this morning, President Trump responded, “No, I love it. The numbers were great. You know what I really love? I love the inflation.”
Trump keeps giving democrats sound bites for the election. “I love the inflation” is one hell of a sound bite.
And it’s in context.
Fresh Wave of Strikes Against Iran
The Wall Street Journal reports U.S. Launches Fresh Wave of Strikes Against Iran
The U.S. began a fresh wave of attacks on Iran Wednesday, launching strikes at multiple targets on President Trump’s orders, according to the U.S. Central Command.
U.S. military forces were striking air defenses and radar sites near the Strait of Hormuz, according to a senior U.S. official.
The Pentagon cast the attacks as an act of coercive diplomacy that were designed to force Iranian concessions at the negotiating table.
“If we need to negotiate with bombs, we’ll negotiate with bombs. And we’re very good at it. Nobody better in the world,” Defense Secretary Pete Hegseth said Wednesday afternoon as he visited Central Command’s Tampa headquarters.
Hegseth
Market Reaction
Iran Has No Military
Truth Social: Iran’s Military is a complete and total mess. Much of it, like their Navy and Air Force, doesn’t even exist anymore – They have been completely defeated. Iran is all talk and no action. The Bully of the Middle East is DEAD!!! They’ve taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!! President DONALD J. TRUMP
Jun 10, 2026, 5:03 AM
I am sure glad Iran has no military. Otherwise, we would not have to worry about Iran shooting down Apache helicopters.
Apache Helicopter Shot Down
Truth Social: I have just been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait of Hormuz. There were two pilots involved, both are safe and uninjured. Nevertheless, the United States must, of necessity, respond to this attack. Thank you for your attention to this matter! President DONALD J. TRUMP
Jun 09, 2026, 10:38 AM
Since Iran has no military, did Israel do this?
Regardless, I have it on great authority we control the strait. That’s why we are attacking Iran.
Promises Made, Not Kept
I Appreciate Trump’s Consistency
Time Is on Whose Side?
Musical Tribute
That’s a fantastic live Ed Sullivan flashback video.
Related Posts
June 10, 2026: Consumer Price Index CPI Highest in Over Three Years, Another Disaster
Over the last 12 months, the CPI increased 4.2 percent the most since April 2023.
June 9, 2026: Small Business Hiring Plans Are the Lowest in Six Years
The NFIB Small Business Optimism Index declines again.
Key Findings
- The Employment Index remained essentially flat in May, registering 100.3 in May after measuring 100.4 in April. This is the third consecutive month in which the Index has declined. The current reading is below the 2025 average of 101.2 but slightly above the historical average of 100.0.
- In May, job openings and hiring plans fell notably to the lowest levels in six years. Twenty-nine percent (seasonally adjusted) of all owners reported job openings they could not fill in the current period, down 5 points from April and marking the lowest level since May 2020.
- A seasonally adjusted net 9% of owners plan to create new jobs in the next three months, down 4 points from April, also marking the lowest level since May 2020.
- In May, reports of both actual and planned price increases rose significantly. The net percent of owners raising average selling prices rose 6 points from April to a net 36% (seasonally adjusted), marking the highest reading since March 2023. A net 34% (seasonally adjusted) plan to increase prices, up 7 points from April and marking the highest reading since July 2022.
- Eighteen percent of business owners cited inflation as their single most important business problem,up 2 points from April and marking the highest reading since December 2024. Inflation ranks as the second top problem.
Whose side is time on?
Those looking for an exit wont find it now, for Iran will see this through till they punished those that started this suffering (likely huge financial and production losses) that is felt around the world (my guess is December of this year or by summer of next is when Iran may consider coming to the table).
Trump has fully lost control of this now, and that will be empowering to Israel who is eager to do whatever it takes to gain control back and have a real chance (at least in the eyes of Israel) at vanquishing a long standing enemy.
That said, if you thought the latest CPI numbers were bad with a 7% increase in gas prices in May and a 5.9% increase in electrical power you’ve seen nothing yet.
I bet the trick to halving energy costs is doubling them first.
LOL that’s some trick! Serious Red Queen vibes! From the Orange Queef.
Here’s a better musical tribute for today’s events:
https://youtu.be/hZsDH2EgHgk
Bring back Sleepy Joe and that Bideninflation…lol! It won’t matter, we’re beyond the Rubicon here, nothing left but to exit or learn to live with suffering. Ah, the simple choices in life.
This post awarded a 2-star Mishelin award.
I do not think Trump knows he does not have escalation dominance….this is going to end very badly
Imagine how bad things would be had we not elected a Peace President.
Here’s my guess at what is going on, just based on the personalities.
Trump can’t get Iran to ‘sign the paper’. The helicopter downing was or was not an accident, but Trump is incapable of not responding. It’s not in his nature, he has to be “STRONG” at all times. Every time he talks, he throws adjectives like that out – we are the STRONGEST, HOTTEST, BEST LOOKING, etc etc etc.
So now he’s escalating again and Iran is unwilling to not counter his counter with more strikes. How far will it escalate? Hard to tell, but I suspect these are just ‘love taps’, as Trump likes to put it, and will continue thusly. It’s like the two schoolyard toughs menacing each other on the playground, but both are afraid to actually get into a no holds barred fist fight.
Meantime, Trump blurted out the military secret of continued nighttime escorts today. Hegseth and the military had no choice but to follow his lead. Of course, take all of the details they laid out with a HUGE grain of salt. He claims 100M barrels in a month (roughly 3M a day). I’m sure everyone in the military crapped themselves when he blurted that out, but oh well I guess.
Are they actually getting ships through the strait? Maybe… but I doubt that it is anywhere near the volume he states – bc Trump can’t help but exaggerate. Maybe it’s an extra handful of ships per night, maybe 1M barrels a day? Who knows, but take his number and factor it down… probably by a lot.
I’m sure that Iran has some residual capability to patrol at night. They say they can’t use radar, maybe that’s true, maybe Iranian radar illuminating at night gets targeted. OTOH cease fire, is Iran really not using any radar right now? I find that hard to believe. Plus there are other ways to see at night – a tanker has a big IR signature at night and the straight is narrow, so a low flying drone loitering over Iran near the straight could also detect a tanker for example. IR detection is easy and Iran has the capability.
Classic song!
Ironically the misses and I were scrolling thru Netflix last night and settled on the Denzel movie ‘Fallen’ from 1998. That very song plays a key part of the movie which we both enjoyed and somehow had never seen before.
More like idiocracy
I can’t help but wonder why this nation has had to choose from a cadre of pathetic candidates for elected offices for so long. This is not only for the highest office but also for those of significantly lesser rank as well. I remember reading that this was the case for the Ottoman empire as it declined into collapse in WWI. Is it a natural expectation for nations in general? No empires of old left today…..
We only get to choose from the candidates the ultra wealthy have chosen to back.
The candidates the ultra wealthy have chosen have served them well.
Yup
Trump is truly a deranged psychopath. I still come upon people who think he is great. The idiocy and ignorance of his supporters is truly scary. Lindsey Graham just got re-elected. Massie lost–both by comfortable margins.
But leave it to the democrats to bail them out in 2028 by nominating some Marxist loon to run against the republicans. I see no relief and very little hope for our country. The USA is becoming a very dangerous place to live. If I didn’t have children and grandchildren to worry about, I would consider leaving. My brother already left for Portugal a few years ago.
Lindsey only got re-elected because the guy running against him was a literal glue sniffer. Republicans literally can’t do better it seems.
If Trump loves inflation Biden must be his hero as inflation was over 9% when Joe was looking after things. More than twice as much as Trump could muster and he did it without a war!
stock market dives…….. all the way back to may 5th levels.
this country is so accustomed to insanely outsized returns since March of 2009 that when it loses any value it is considered a “dive”. cnn money page fell from slight greed to neutral sentiment …at all-time highs to fear in a matter of 2 days and it’s way down there. goodness we need a comeuppance.
Did Iran hit the Apache helicopter? They deny it. The claim is that it was hit by a Shahed drone, though Iran denies intentionally hitting the helicopter. Does that mean (1) Iran is lying, (2) they got lucky and hit a high-value target, or (3) that this was a false flag attack, possibly by the Israelis in order to keep the US-Iran conflict going (like when they bombed the USS Liberty repeatedly with fighter jets and Navy torpedo boats, killing thirty-four crew members and seriously wounded 171 others)?
Shaheds are slow AF and pretty much don’t maneuver. They’re not antiaircraft weapons. How the F do you use one to shoot down anything faster than a hot air balloon?
Once you fire a Shahed drone, it just goes to the programmed target, launch from point A, goes only to target point B. Can’t track and follow a helicopter. Second the Shahed carries a significant warhead-there would have been nothing but confetti left of the helicopter if the drone exploded on the helicopter
The most logical explanation I’ve heard is that the helicopter tracked the drone, blew it up and was too close and somehow damaged by the large explosion.
They might have just blundered into eachother.
Ah, another Larry Johnson reader/watcher? Frankly, the story being played out by military sounds like something a kid might have made up. “See, there was an Iranian drone, and it came in and lodged in the cockpit in-between the two pilots but it didn’t explode!”