Is An Economic Crisis Incoming?

As the Gulf War hangs in the balance and the Straits of Hormoz remain shut, or nearly so, economists are having a field day with a tranche of gloomy economic scenarios. Actually, given the great state of uncertainty which exists, with prospective talks resuming, according to Trump, and rumours of China putting pressure on Iran to open the waterway, scenarios are really important. The truth is nobody knows the likely outcomes or impacts. But it could be serious and potentially long-lasting. Markets of course remain bullish, looking through the short-term noise, with futures Oil prices lower and stock markets higher, […]