Like all bullies, when confronted Trump runs away. This week highlighted what everyone but the red hats already knew - when push comes to shove, Trump will run away.
From yesterday's WP... President Trump warned Iranian President Hassan Rouhani last July in an all-caps tweet that if Iran ever threatened the United States again, it would “suffer severe consequences the likes of which few throughout history have ever suffered before.” Iran’s attack Thursday on a U.S. surveillance drone that was flying in international airspace, according to U.S. Central Command, should make it abundantly clear that the Iranians didn’t take him seriously.
Iran’s shoot-down of the RQ-4 Global Hawk — which has a wingspan of 131 feet and costs more than $100 million — is the third act of aggression against U.S. military aircraft in two weeks, according to the Pentagon. It followed the downing of another U.S. surveillance drone by Iranian-backed Houthi rebels on June 6 in Yemen and a failed attack by Iran’s military on a U.S. drone flying over the Gulf of Oman on June 13.
These direct attacks on U.S. military aircraft have been accompanied by rocket attacks on an ExxonMobil installation in southern Iraq, rocket and mortar attacks on U.S. military bases in Iraq, missile strikes into Saudi Arabia and mine warfare attacks on oil tankers passing through the Strait of Hormuz. All are suspected to be the work of Iran or Iranian-backed militants.
For deterrence to work, a would-be adversary must believe that his attack plans will fail, or that he will incur unacceptable punishment after an attack. And yet, thus far, these attacks have gone unanswered by the Trump administration.
Market Data 
Markets 
AI
