JAMIE MCGEEVER: For investors, Middle East conflict rarely moves dial for long
Global economic cycle and US monetary policy usually hold sway
20 October 2023 - 05:00
Orlando Florida — While exceptions prove the rule, conflagrations and war in the Middle East have for 20 years rarely caused global investors to de-risk or rethink their strategies — a thesis that will be tested once again this time round.
As long as these conflicts stay regional and don’t draw in many other countries, initial “safe-haven” investment flows have been short-lived. While the human tragedy dominates the broader global news agenda, its hold on global markets has typically loosened pretty quickly...
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