Yes, there is a concern that Ukraine metastasizes into a wider war, or that the Israeli-Hamas-Hezbollah conflict does likewise (or both).
However, Putin's IRBM demonstration has so far been little more than that, and ATACMS has not reshaped the battlefields of Ukraine. Iran is not engaging at t…
Yes, there is a concern that Ukraine metastasizes into a wider war, or that the Israeli-Hamas-Hezbollah conflict does likewise (or both).
However, Putin's IRBM demonstration has so far been little more than that, and ATACMS has not reshaped the battlefields of Ukraine. Iran is not engaging at the moment in tit-for-tat escalations with Israel.
In other words, most of the "escalations" are proving to be somewhat less than escalatory.
WW3 becomes a real probability if Putin doesn't make peace with Ukraine when Trump reaches out to put together a peace deal. WW3 becomes a real possibility if Iran tries to assassinate Donald Trump.
In the meantime, the global economy is continuing to "deglobalize" and decouple from China, which carries some significant stagflationary concerns (and we are starting to see several of those appear in multiple economies).
To borrow from Robert Frost, the end of the world is looking more like ice rather than fire.
I think fears of WW3 are largely exaggerated.
Yes, there is a concern that Ukraine metastasizes into a wider war, or that the Israeli-Hamas-Hezbollah conflict does likewise (or both).
However, Putin's IRBM demonstration has so far been little more than that, and ATACMS has not reshaped the battlefields of Ukraine. Iran is not engaging at the moment in tit-for-tat escalations with Israel.
In other words, most of the "escalations" are proving to be somewhat less than escalatory.
WW3 becomes a real probability if Putin doesn't make peace with Ukraine when Trump reaches out to put together a peace deal. WW3 becomes a real possibility if Iran tries to assassinate Donald Trump.
In the meantime, the global economy is continuing to "deglobalize" and decouple from China, which carries some significant stagflationary concerns (and we are starting to see several of those appear in multiple economies).
To borrow from Robert Frost, the end of the world is looking more like ice rather than fire.