The global economy sure doesn’t think Trump started World War III
What's the endgame here?
Ask left-wing and far-right politicos across the planet about President Donald Trump‘s decision to launch Operation Epic Fury against the Iranian dictatorship, and they’ll warn he has brought us to the precipice of World War III. Investors across the globe see the situation differently.
American equities and bond markets are mostly muted since the joint U.S.-Israeli action against Iran’s 47-year theocratic regime began Feb. 28. If anything, Trump’s muscular actions have restored international confidence in the previously besieged U.S. dollar.
The White House’s stated objectives behind its decision to join Israel to launch an attack on the now-late ayatollah are four-fold: to destroy Iran’s missile capabilities, annihilate its navy, prevent it from ever developing the nuclear weapons it was on the cusp of creating after last summer’s Operation Midnight Hammer, and to forever inhibit its ability to fund regional proxy terrorist organizations such as Hamas, the Houthis, and Hezbollah.
For global investors, that last objective is arguably the most important because it’s a reminder that in the near term, Iran struck first, bringing real dangers to the world economy.
Foreign policy experts estimate that from the battlefield to its terrorist proxies, Iran has killed some 1,000 Americans since 9/11. But it’s important to remember just how much damage Iran and its proxies have done to American lives and the world economy since Iran gave Hamas the green light to execute its terrorist attack against Israel on Oct. 7, 2023. In the immediate attack, Hamas murdered 46 American citizens and took another dozen hostage, the opening salvo in the current Middle East conflict and arguably a targeted act of war against the United States directly.
As consistent readers of the column will have known from the beginning, Iran’s decision to activate the Houthis to take over the Red Sea cut off the artery through which 15% of all seaborne trade once traversed, and its chokehold of the Suez Canal obstructed the passage of 30% of global container ship volume. Egypt estimates it has lost at least $13 billion in canal fees in the two years following Oct. 7. And even after Trump brokered the ceasefire between Israel and Hamas, the Suez Canal Authority estimated that only 45 ships were transiting the waterway each day, down from 70 per day before Oct. 7.
So where isolationist electeds and influencers see risk, the investors with actual money on the line view a potential for reward. …
What's the endgame here?
Ask left-wing and far-right politicos across the planet about President Donald Trump‘s decision to launch Operation Epic Fury against the Iranian dictatorship, and they’ll warn he has brought us to the precipice of World War III. Investors across the globe see the situation differently.
American equities and bond markets are mostly muted since the joint U.S.-Israeli action against Iran’s 47-year theocratic regime began Feb. 28. If anything, Trump’s muscular actions have restored international confidence in the previously besieged U.S. dollar.
The White House’s stated objectives behind its decision to join Israel to launch an attack on the now-late ayatollah are four-fold: to destroy Iran’s missile capabilities, annihilate its navy, prevent it from ever developing the nuclear weapons it was on the cusp of creating after last summer’s Operation Midnight Hammer, and to forever inhibit its ability to fund regional proxy terrorist organizations such as Hamas, the Houthis, and Hezbollah.
For global investors, that last objective is arguably the most important because it’s a reminder that in the near term, Iran struck first, bringing real dangers to the world economy.
Foreign policy experts estimate that from the battlefield to its terrorist proxies, Iran has killed some 1,000 Americans since 9/11. But it’s important to remember just how much damage Iran and its proxies have done to American lives and the world economy since Iran gave Hamas the green light to execute its terrorist attack against Israel on Oct. 7, 2023. In the immediate attack, Hamas murdered 46 American citizens and took another dozen hostage, the opening salvo in the current Middle East conflict and arguably a targeted act of war against the United States directly.
As consistent readers of the column will have known from the beginning, Iran’s decision to activate the Houthis to take over the Red Sea cut off the artery through which 15% of all seaborne trade once traversed, and its chokehold of the Suez Canal obstructed the passage of 30% of global container ship volume. Egypt estimates it has lost at least $13 billion in canal fees in the two years following Oct. 7. And even after Trump brokered the ceasefire between Israel and Hamas, the Suez Canal Authority estimated that only 45 ships were transiting the waterway each day, down from 70 per day before Oct. 7.
So where isolationist electeds and influencers see risk, the investors with actual money on the line view a potential for reward. …
The global economy sure doesn’t think Trump started World War III
What's the endgame here?
Ask left-wing and far-right politicos across the planet about President Donald Trump‘s decision to launch Operation Epic Fury against the Iranian dictatorship, and they’ll warn he has brought us to the precipice of World War III. Investors across the globe see the situation differently.
American equities and bond markets are mostly muted since the joint U.S.-Israeli action against Iran’s 47-year theocratic regime began Feb. 28. If anything, Trump’s muscular actions have restored international confidence in the previously besieged U.S. dollar.
The White House’s stated objectives behind its decision to join Israel to launch an attack on the now-late ayatollah are four-fold: to destroy Iran’s missile capabilities, annihilate its navy, prevent it from ever developing the nuclear weapons it was on the cusp of creating after last summer’s Operation Midnight Hammer, and to forever inhibit its ability to fund regional proxy terrorist organizations such as Hamas, the Houthis, and Hezbollah.
For global investors, that last objective is arguably the most important because it’s a reminder that in the near term, Iran struck first, bringing real dangers to the world economy.
Foreign policy experts estimate that from the battlefield to its terrorist proxies, Iran has killed some 1,000 Americans since 9/11. But it’s important to remember just how much damage Iran and its proxies have done to American lives and the world economy since Iran gave Hamas the green light to execute its terrorist attack against Israel on Oct. 7, 2023. In the immediate attack, Hamas murdered 46 American citizens and took another dozen hostage, the opening salvo in the current Middle East conflict and arguably a targeted act of war against the United States directly.
As consistent readers of the column will have known from the beginning, Iran’s decision to activate the Houthis to take over the Red Sea cut off the artery through which 15% of all seaborne trade once traversed, and its chokehold of the Suez Canal obstructed the passage of 30% of global container ship volume. Egypt estimates it has lost at least $13 billion in canal fees in the two years following Oct. 7. And even after Trump brokered the ceasefire between Israel and Hamas, the Suez Canal Authority estimated that only 45 ships were transiting the waterway each day, down from 70 per day before Oct. 7.
So where isolationist electeds and influencers see risk, the investors with actual money on the line view a potential for reward. …
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