Three Wars, Three Economies
We have argued since the opening days of Operation Epic Fury that the economic consequences of the Iran war depend less on the price of oil this week than on one question: how long does this last? The Strait of Hormuz is the line between a scare and a shock, and the shock’s severity scales with duration. Wall Street is now running the numbers on that framework, and the estimates are worth examining.
Bank of America’s research team has mapped three distinct economic scenarios , and the results cut against the market’s reflexive assumption that oil shock equals inflation equals Fed tightening. That assumption is wrong…
Read the full article at BREITBART.COM
