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UBS On-Air: Paul Donovan Daily Audio 'Worrying about the cost of war'
Published 4 days, 14 hours ago
Description
US President Trump’s social media account declared the US would not attack Iran before the midterm elections. Other actors in the war may launch attacks. The post does reveal the concern about the political costs of the war, and rekindled some of the optimism bias in markets. However, the political costs presumably shift after the midterms.