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The Market Has Spoken: A Syrian War Would Suck

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Washington’s Blog
August 28, 2013

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.

This is not surprising. Top financial experts have long forecast war. But they say that war is bad for the economy.

Well-known economist Nouriel Roubini says that attacking Iran would lead to global recession. The IMF says that Iran cutting off oil supplies could raise crude prices 30%.

Everyone knows that Syria is just a stepping-stone to war with Iran.  Iran and Syria have had a mutual defense pact for years. So war in Syria could well drag Iran into a hot war.

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.)

This article was posted: Wednesday, August 28, 2013 at 4:16 am

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