Why the economy, and Trump, can't take Iran war shocks anymore
The post Why the economy, and Trump, can't take Iran war shocks anymore appeared on BitcoinEthereumNews.com. Four months into the war in Iran, the U.S. economy is still on its feet, but the ground beneath it is shifting fast, and both Wall Street and Washington are starting to feel it. Goldman Sachs chief economist Jan Hatzius said Monday that the global economy is holding together, describing its condition as “bending, not breaking.” His note had questions many investors are already asking. Why is the stock market performing well if the mood among market participant is extremely negative. Hatzius has given three reasons for market’s split behavior. Since countries had stockpiled oil ahead of the war, the prives didn’t reach where the anxieties were. It did cause shortage of products like jet fuel, but Hatzius mentioned it as “relatively painless” as airlines trimmed schedules on lower priority routes. Secondly AI boom with massive spending kept the investors distracted with confidence