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Economist Nouriel Roubini: Trump is likely to escalate the Iran war — risking '1970s stagflation'
The economist and investor, known for calling the 2008 financial crisis, also said the “damage has already been done” to the economy.
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cnbc.com
Timeline cronologica
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How the Iran war could rattle the global economy long after hostilities end
A reopening of the critical Strait of Hormuz, which Iran has effectively closed to oil tankers, won't immediately restore the world to its pre-conflict state.
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Economist Nouriel Roubini: Trump is likely to escalate the Iran war — risking '1970s stagflation'
The economist and investor, known for calling the 2008 financial crisis, also said the “damage has already been done” to the economy.
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The problem for investors: We don't know how Trump wants the Iran war to end
In his Sunday column for Investing Club subscribers, Jim Cramer argues that the S&P 500 is likely to see further declines during the Iran war.