"The US was overconfident before the war. Iran may be overconfident now Iran may have bitten off more than it can chew in the Strait of Hormuz" Rewriting recent events this quickly that they have to acknowledge the whiplash is a bad sign Its hard to cover all of this in 400 characters but the private credit industry being over leveraged on AI which needs energy prices to stay low is one of many, many reasons this is a bad idea But the longer this conflict goes, leaves US in a worse position