The month of September has sure started with a bang. President Trump told us in advance that strikes on Iranian targets were coming, and he warned the Iranians not to hit back. Of course the Iranians did not heed that warning at all. Instead, they have launched a massive barrage of ballistic missiles in response. Missiles are flying back and forth all over the Middle East as I write this article, and the danger of a significant escalation is very real. Meanwhile, the price of diesel is absolutely soaring and global bond yields are marching into unprecedented territory. It appears that we could be right on the verge of some sort of a financial meltdown.
If you are alarmed by what you are witnessing, you are not alone.
