In a strange way, markets could come to be a surrogate institutional check on a country that otherwise doesn’t know restraint
The missiles are again flying and a thick fog of war has descended over the Middle East. US President Donald Trump has said it might take four to five weeks or longer to achieve America’s objectives, whatever those are. During a hot war, that’s an eternity in the world of mercurial financial markets.
So far, however, markets have been remarkably sanguine, perhaps, as the excellent Yves Smith posits, because “bigotry and Western narrative control were able to shore up the idea that this would be a short conflict and that…
Read the full article at RT.COM
