It’s hard not to be worried by the avalanche of upsetting news stemming from the decision of the US and Israel to launch a war on Iran.
Nor about how that decision will affect the world’s economies and markets for months, if not years to come.
No one can reliably predict how this current moment in history will end. But short-term financial effects in the United States will be felt – at least initially – through higher market volatility and higher gas prices. And, depending on how long it lasts, the turmoil raises the risk of creating higher consumer prices, greater inflation and a recession.