The wars in the Middle East not only make you spend more on gas, but soaring oil prices could drag down the global economy!
Historical lessons are here:
The 1973 oil embargo directly led to the stagflation crisis in the United States;
The 1979 Iranian Revolution forced the Federal Reserve to raise interest rates to 15%;
The 1990 Gulf War triggered a recession in the U.S. economy;
The 2008 oil price bubble burst even pierced the global financial bubble;
Last year's Russia-Ukraine conflict caused global stocks and bonds to plunge, and every time there is a major global crisis, oil prices are sure to stab from behind.
Now, with both the Middle East and Russia-Ukraine being powder kegs simultaneously smoking, the energy market feels like sitting on a pile of explosives. The economic accounts of peacetime could be torn to shreds at any moment by geopolitical conflicts. Ultimately, who doesn’t long for world peace and a stable wallet?
Still unsure how to navigate this situation? Follow me, I'll provide the strategies, and the execution depends on you!