Ed Elson

We saw this news where we actually did fire Iran.

at an Iranian cargo ship.

So I just can't tell if this is even meaningful at all.

What do you make of it?

Does this change things for you?

Yeah, I mean, it seems as though

We can't really trust anything that's being said.

In addition, the deals that are being quote-unquote made don't really turn out to be deals.

They break the agreements of those deals and then they say that the deal is off, but then they continue to say that there's a deal and say that there's going to be a deadline for that deal and then talk about extending the deadline and...

or renegotiating the deal, etc., etc.

And so, we're supposed to kind of play this game of, oh, let's follow along with the story.

There's going to be a ceasefire, and then they're going to extend it.

But ultimately, as we kind of began, like, none of it really means anything.

So, the question becomes for us, how do we actually determine what is real and what isn't?

And...

I mean, one thing that I do consider to be real, and I'd like to get your views on this, is the fact that the administration has proposed a $1.5 trillion defense budget for 2027, which makes me think, okay, this is all noise.

This is all nonsense.

Gas prices continue to be elevated.

I think they're up more than 30% since the war began.

It seems as though this is only going to continue.