At the moment the FT100 UK stock index is holding up OK. With the growing tensions between Iran and the USA why do I have the feeling this is the calm before the storm?
It would not surprise me if we are on the verge of a huge recession. The world is still far too dependent on middle eastern oil. That and BREXIT and we have interesting times ahead.
Sadly, I do not trust the statesmanship of Trump. Kennedy in the 1962 Cuba crisis, yes.
See https://www.bbc.co.uk/news/world-middle-east-48661843
Don’t forget - it’s U.S. elections next year and a decent foreign war (especially one that supports oil imports) is a “good” way to bring a country together and support its government.
ReplyDeleteWars are also “good” for big business, especially those concerned with military supplies.