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When Bombs Fall and Stocks Don’t
Episode 621
Published 1 year, 4 months ago
Description
Monday's muted market reaction to the U.S. airstrikes on Iran's nuclear facilities reveals a deeper truth about modern capitalism: markets, unlike people, are often desensitized to danger unless it hits the bottom line. As fighter jets crossed into Iranian airspace and Trump flirted with the rhetoric of regime change, Wall Street barely blinked. Stock futures hovered around zero. Oil prices spiked - briefly - and then flattened. Traders, it seems, have priced in chaos.
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