Will War Against Syria Trigger Another Recession?
A war against Syria would be the least popular war in American history.
The market doesn’t like it either, and has voted with its wallet.
- Crude oil is soaring to a 52-week high on war jitters
- And gold – a safe haven asset during times of uncertainty and distrust in government – has skyrocketed 1 percent
Indeed, Barclays is already warning of the “spillover effects” of a Syrian war on other oil-producing countries.
Russia has repeatedly stated that it would consider an attack on Syria as an attack on its national security. (And Russian Prime Minister Dmitry Medvedev said that if the U.S. invades the sovereignty of countries like Syria, it could lead to nuclear war. And see this.)