Celtics and the Middle East 20260609

Falling into the Middle Eastern Trap

When Talking Becomes an Obsession

Opinion: The following article is commentary and its views are solely those of the author. This article was first published the 9th of June via The Angry Demagogue.

The United States is falling into the Middle Eastern trap that Israel fell into thirty years ago. This trap fits nicely with the post cold-war progressive Western way of diplomacy in that its goal is “talking”. Perpetual talking rather than deal making is the key to understanding the Middle Eastern way of things and Israel has become a practitioner in the “way” that led directly to October 7. The idea of perpetual talking is to reach a situation where you can defeat your opponent without making concessions. In the Middle East, they suck you in to a point where just “talking” becomes an obsession. The United States is heading into the same where results are less important than the act of discussion itself.

Falling into the Middle Eastern Trap – When Talking Becomes an Obsession 9th of June 2026

This obsession, this being sucked into something against your best interests reminds me of a wonderful episode of Cheers, the sitcom that takes place in a Boston bar – a bar in which pints of beer plus inane discussions over anything that leads to nowhere is its reason for being. The episode that I am thinking of has Boston Celtics great Kevin McHale as a guest and the two main instigators of irrelevant and purposeless conversation, Norm and Cliff, (not so) innocently ask McHale how may bolts are in the famous parquet floor at the Boston Garden.

The waitress Carla, Boston working class par excellence, begs the basketball star to ignore them, knowing he will become obsessed and sucked into something that clearly will lead to a disaster for him and her beloved Celtics. Sure enough, the episode ends with McHale driving towards the basket with what ought to be the winning shot only to get distracted by trying to figure out how many bolts are in the floor of the Boston Garden.

That is exactly what is happening now in in the Middle East where President Trump is the basketball star being distracted by Iran and their attempt to suck him into endless discussions that are meant to lead to nothing productive. We don’t know if McHale ever figured out the number of bolts, but besides going back to Cheers with the answer, it is a useless endeavor that can only lead to defeat. So too, with the Trump Administration and the sacred talks with Iran where the end game might be something he can bring back to a press conference in DC or a rally in Pennsylvania but will be worth as much as knowing the number of bolts in the Boston Garden floor.

Israel fell into this trap with the Palestinian Authority of Yasser Arafat and when talks ended, the only goal was to start them up again. Just return to talking. The result didn’t matter. This trap picked up again after October 7 when the goal seemed to be to always be talking with Hamas via Qatar or Egypt even if everyone knew it would lead to nowhere. Ironically, it was President Trump who realized this and was able to do his dealmaking magic to free the hostages – but only after the IDF put Hamas in an untenable situation and Qatar wanted a “great deal” with the Trump administration. Talks never led anywhere.

So here we are, the Trump Administration is hell bent on continuing discussions for the sake of discussions no matter how many times Kuwait, UAE, Bahrain, Israel, or even the U.S military get shot at by Iran. When the goal is talking – when the obsession becomes talking – you have fallen into the Middle Eastern trap much as Keven McHale fell into the trap of inane bar talk for the sake of inane bar talk.

While the American President is a deal maker par-excellence, the Middle Eastern leaders, this time Iran’s, are the experts at making you think that talking is always the best outcome – because it is, for them. Eventually, their experience tells them, you will make a mistake. The Administration has allowed Iran to attack allies at will in the Gulf and in Israel, as Iran gains concession after concession due to the trap that is “talks at all costs”. The first concession was linking Lebanon to the talks and the next, done just yesterday was in putting Iran and Israel on the same level.

This is the mistake one would expect from the Obama-Biden crowd where they always believed that talks were the purpose – they didn’t have to fall into any trap as they were there already. However, the Trump Administration understood the fallacy of forever talks which is what makes it so painful to see them fall into the same Middle-Eastern and Western, progressive trap. Obsession to make a deal is good because results oriented; but an obsession that is just to “get back to talking” will lead only to results that you never wanted in the first place.

Disclaimer: the views expressed in this opinion article are solely those of the author, and not necessarily the opinions reflected by angrymetatraders.com or its associated parties.

Follow Ira Slomowitz via The Angry Demagogue on Substack https://iraslomowitz.substack.com/

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AMT Top Ten Miscellaneous Blossoms for the 31st of May 2024

AMT Top Ten Miscellaneous Blossoms for the 31st of May 2024

10. European Supremacy: The NBA Championship between Boston and Dallas is set to begin on the 6th of June. If the Dallas Mavericks win, it will mean Giannis Antetokounmpo in 2021, Nikola Jokic in 2023, and Luka Doncic in 2024 were victors, and are cementing the terrain as the best players.

9. Brisk Breeze: The need for ‘chill’ among AI and server companies isn’t only about attitude. The advent of quantum computing will add to the wintry demands. Vertiv, Asia Vital Components, and Auras Technology are a few of the enterprises in the industrial environment sector helping deliver precision cooling for the technologies to work efficiently.

8. Glitches: Stalled data within the S&P 500 and Dow Jones 30 for their index calculations took place yesterday for nearly one hour, but individual trading within companies via stock prices appears to have been unaffected. Futures trading for the two indices weren’t affected. On Monday the 18th of March, Nasdaq suffered a tech problem that stopped pre-market trading for a couple of hours.

7. OPEC: The cartel will conduct a one day online meeting this coming Sunday. Production levels will be discussed, among other issues. The price of WTI Crude Oil as of this writing is below 78.00 USD per barrel. While news remains stuck in hyperbole from the Middle East, the price of Crude Oil has declined since the first week of April.

6. Conviction: Donald Trump was found guilty in a NYC courtroom yesterday, but the verdict is certain to be appealed. The law of unintended consequences could come into play from the U.S as reactions generate. The perceived notion that ineffectual and non-credible leadership is mounting in the U.S, lends credence to some people around the globe regarding dwindling American exceptionalism.

5. Results: South Africa voting counts will be finalized sometime this weekend, India’s election count will be known on the 4th of June. The unknown outcomes are affecting the USD/ZAR and USD/INR, and more volatility in the currency pairs should be expected early next week.

4. Coincident: GDP results came in around their expectations yesterday. Growth numbers produced a gain of 1.3%, while the GDP Price Index showed a 3.0% climb. The data produced does show the U.S economy is slowing and is another ripple to be considered by analysts and traders.

3. USD/JPY: The Bank of Japan appears to be betting on weaker U.S data to continue, and potential dovish Fed rhetoric on the 12th of June to propel the USD/JPY lower, thus helping the BoJ to remain on the sideline and avoid an intervention for the moment. The BoJ will release their Policy Rate decision on the 14th of June and many eyes will be on the central bank’s Monetary Policy Statement.

2. Inflation: The Core PCE Price Index report outcome today is anticipated to be around the 0.3% ratio. The Federal Reserve pays plenty of attention to this publication and if the number meets the expectation or comes in below it, this could cause a repeat of the Fed’s dovish December 2023 FOMC Statement. Financial institutions have already begun wagering that the Federal Funds Rate could be cut this summer and later again this year. Many assets will react to today’s inflation report.

1. Behavioral Sentiment: Nervous price action has been seen in the equity indices and Forex this week. Investors may have felt they got a little ahead of their risk appetite curve and now appear to be waiting on more solid impetus to reconfirm their outlooks. Choppy price action has certainly been fueled by U.S Treasury yields which increased earlier this week. Losses in the S&P 500, Dow 30 and Nasdaq the past handful of days are now waiting for buyers to reemerge. The question day traders may want to consider is if financial institutions and large investors believe assets will cost less next week, or if prices have now hit worthwhile support levels which will spur on buying today?