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Hmmmm

📊 There's a popular saying that if you're not a liberal at 20, you have no heart, but if you're not a conservative by 40, you have no brain.

It might be more accurate to imagine that people's formative years have large, persistent impacts on their beliefs. A study by Andy Gelman showed how.

In the Gelman model, high presidential approval during a (White) birth cohort's teen years leads them to favor that president's party for the rest of their lives. Whatever the reason, it's as if they're acting to bring back the 'good old days' of their cognizant childhood. To get an idea of how this looks, look at Eisenhower Republicans:

The Eisenhower Republicans were those who missed most of the FDR years and were socialized in ten straight years of Republicans, of which the Eisenhower years had positive spin. As a result, that cohort became very pro-Republican, but then the very pro-Democrat Kennedy and Johnson years moderated them back to being a bit less pro-Republican.

The 1960s Liberals were born a bit later than the Eisenhower Republicans and they got to experience the pro-Kennedy and Johnson years in their formative years, but the next 25 years of strongly pro-Republican sentiment brought them to near-neutrality.

One of the most well-known political generations is the Reagan Conservatives. This generation got to experience strong pro-Republican sentiment and they ushered in the real Reagan Revolution: a cohort with strong pro-Republican leanings and little moderation due to the balance of sentiment between Clinton and Bush II, and Obama's nearly neutral sentiment.

Other cohorts like the New Deal Democrats and Millennials have their own biases that follow from the same dynamics, and if you plot them all together, you get a clear picture of the sentiment of the White electorate:

Now do note, I said Whites. This model works slightly better for non-Southern than for Southern Whites, and compared to those two groups, it works less than half as well for non-White minorities.

In any case, this model based on formative year impacts can explain roughly 90% of the variance in vote choices in the electorate. If you want to get people's votes, get them early in life, and you might be able to hold them through waves of less popular candidates from your own party.

https://threadreaderapp.com/thread/1827799368038219999.html

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🇮🇱 ❌ 🇮🇷 🛢 📈 — Deutsche Bank: Oil Prices will go to $125/barrel if the Iran-Israel conflict spills over into the Straight of Hormuz

@CIG_Telegram

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Analysis

Developments in the Iran-Israel war. It is currently 1:11am in Tel Aviv and 1:42am in Tehran.

Main points:

Iran and Israel have started targeting each other’s energy infrastructure.

Iranian missiles continued to target and impact northern and central Israel.

Israel has started targeting Iranian oil infrastructure, including oil refineries and oil depots.

Israeli airstrikes continue to target various parts of Tehran and the surrounding areas.

Iranian air defence seems to finally be doing some damage to Israeli missiles and drones. In turn, Israel has deployed dozens of small quadcopters and loitering munitions to waste Iranian air defence and saturate for larger attacks with cruise missiles.

Drones launched from Iran and factions in Iraq continue to target northern and southern Israel.

Missiles & drones:

2 rockets were launched from the Khan Younis area of southern Gaza by an unknown Palestinian faction. Neither were intercepted, with the IDF claiming they hit an open area with no casualties.

2 rockets were ...

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OIL MARKETS REACT SHARPLY TO ESCALATING MIDDLE EAST TENSIONS

📈 WTI CRUDE IS NOW FORECAST TO HIT $94.10 BY YEAR-END, UP OVER $21 IN A WEEK, ACCORDING TO KALSHI MARKETS.

THE JUMP FOLLOWS IRAN’S CANCELLATION OF NUCLEAR TALKS WITH THE U.S., CITING ISRAELI AIRSTRIKES. WITH TENSIONS RISING, MARKETS ARE PRICING IN THE RISK OF REGIONAL ESCALATION AND POTENTIAL DISRUPTION TO OIL FLOWS THROUGH THE STRAIT OF HORMUZ, A KEY ROUTE FOR 20% OF GLOBAL OIL.

ANALYSTS WARN THAT A FULL CLOSURE OF THE STRAIT COULD PUSH PRICES ABOVE $120–$150 PER BARREL. ...

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