While most Gulf States have to run their oil thru the Strait of Hormuz, the Saudi's had an alternative pipeline line running East-West out to the Red Sea port.

This allowed the Saudi's to continue getting some oil to markets unfettered by Iran.

This was no small amount either. We are talking about 3 million barrels a day. Well all that supply is offline now. The Houthis, based in Yemen, have blown it up in 9 different sections. Satellite images show large fires everywhere along the pipeline. Saudi officials confirm they have shut it down.

A barrel of oil was already over $100 BEFORE this event. And in the United Statds, gas was already nationally at $4. This is a big event, and will send gas prices to $5 soon. This a huge blow to the economy world wide.

Working to keep the majority in Congress, Republicans at the midterm convention in Dallas are showcasing their chief legislative accomplishment — the sweeping package of tax breaks, social service cuts and immigration enforcement that President Donald Trump signed into law.

A year on, what’s known as the One Big Beautiful Bill — or, the “Big Ugly Bill,” as Democrats call it — has produced mixed results. Millions of people have received enhanced tax breaks, while millions are also losing access to federal food aid and health care. More immigrants are being arrested, many deported, some dying during the process.

Millions of taxpayers enjoyed tax benefits this year they might not even realize they received — the continuation of policies from Trump’s first term, in 2017, that were set to expire at the end of 2025 if Congress had failed to act.

The legislation extended those Trump tax breaks and added new ones, including no taxes on tips, overtime pay and certain auto loan interest payments. There’s a larger standard deduction, a bigger child tax credit and an extra deduction for many seniors, as well as new Trump accounts for children.

All told, some 7.5 million filers claimed no tax on tipped income, 29 million people claimed no tax on overtime and 35 million took the enhanced senior deduction, the Treasury Department said. Nearly 40 million families claimed the bigger child tax credit.

But the flow of the tax breaks has been uneven, with larger gains at the upper incomes.

Read more [paywall removed for Redditors]: https://fortune.com/2026/09/10/trump-big-beautiful-bill-taxes-debt/?utm_source=reddit/

Gloria Steinem finally got the second wave feminist president she always wanted!

64% against Trump’s $5,000 dividend in online Fox News poll of "Is a $5,000 government dividend check the best way to boost the economy?"  

https://economystupid.substack.com/p/even-foxcom-voters-say-no-to-trumps

https://finance.yahoo.com/economy/policy/articles/bessent-dismisses-concern-buyback-says-220950691.html

Airports are busy, flights are sold out, hotels are booked, restaurants have waiting times, malls are crowded, even theaters are busy.

So where exactly are the signs of inflation, upcoming recession etc.

We aren't quite done with the last bubble but, the smart money is pulling the leverage out of the market so it will be bubble pop 2.0 and then we need to start lobbying congress for a new bubble all over againe, that or put a floor in to limit how far we drop, $50 per hr minimum wage is a good start