Artist’s rendition of Tel Aviv, Israel, under attack. By ImageBank4u @ Shutterstock.com
On Schiffgold.com, Peter Schiff explains that America can’t even afford peace, let alone another war. From Schiffgold.com:
War broke out in the Middle East over the weekend after Hamas attacked Israel. In his podcast, Peter broke down the possible economic ramifications here in the United States. He said the US can’t afford peace, much less war.
Market reaction to the events in Israel and the Gaza Strip was muted. Peter said it was treated almost as a “non-event.”
“There’s so much complacency out there,” he said.
The stock market has been shrugging off the backup in yields, and now it’s shrugged off war in the Middle East, which I think is a big deal.
Oil was up a bit, but not nearly as much as you would expect given the turmoil in the Middle East.
Read more here.
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