Investors would be wise to closely monitor the relationship between the United States and Iran, where tensions have soared after Iran suspended parts of the nuclear deal that briefly brought an end to its economic and diplomatic isolation.
US says Afghan forces killed by airstrikes
A clash in the Middle East, while unlikely, would send oil prices surging. That would deal a major blow to consumer spending, the engine of the American economy.
History shows that oil price spikes — not financial panics — are the leading cause of recessions in modern America.
Recent Comments