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Markets Upended By Iran Strikes. Trump Says ‘All Is Well’

Some have suggested this is really nothing more than a "token" response from Tehran.

US equity futures initially plunged and gold surged after Iran launched the first wave of retaliatory counterstrikes against nearby American forces following the assassination of the country's top commander. The IRGC fired 15 missiles at two bases in Iraq housing US troops. There may eventually be more where that came from, although some have suggested this is really nothing more than a "token" response from Tehran. The Pentagon released a statement, noting that the DoD is conducting a damage assessment and is prepared to respond to protect US interests. Read more: Iran Begins ‘Operation Martyr Soleimani’, Hits US Bases With Ballistic Missiles Gold - which was already up handily in the first week of 2020 after surging more than 18% in 2019 - rose above $1,600 for the first time since 2013. This will test the mettle of those who claim risk assets are immune to geopolitical turmoil - the missiles were fired from inside Iran, by the IRGC, which released an official statement. In other words, these attacks on US personnel were not by proxy. This was Iran proper striking US interests. Stocks were not pleased. This was the knee-jerk: Subsequently, futures trimmed losses af
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5 comments on “Markets Upended By Iran Strikes. Trump Says ‘All Is Well’

  1. So, on the brink of an escalation into a war with Iran (which has probably already included all the various terrorist groups around the middle-east and Africa) we are awaiting the presidential message of this clown. Maybe we’ll get the real poop on why Soleimani’s death was necessary at this time. Yeah, right.

  2. mfn says:

    Trump single-handedly sunk the World Football League (by insisting that it go head-to-head with the NFL in the fall, duh), bankrupted an airline, ran a fraudulent foundation and university, and filed for bankruptcy four times — in addition to cheating on his first wife with the woman who would become his second wife, and cheating on that wife with the woman who would become this third wife, and cheating on that wife with a porn star and a centerfold model, among others — and we expect this to end well. Everything Trump touches turns to shit.

    • DoubleB says:

      Not to be that guy, but the World Football League was a Gary Davidson adventure who had some success with secondary hockey (WHA) and basketball (ABA) leagues–some of those franchises were absorbed by their bigger counterparts. The WFL lasted just over a year and completely disbanded.

      Trump owned the New Jersey Generals of the USFL and, while he was certainly a large factor in the league’s demise, he wasn’t the only one.

      • Anonymous says:

        You are “that guy” unfortunately 🙂

      • mfn says:

        The league was counter-programming, playing its games in the spring. Trump, the owner with the highest profile and biggest checkbook, alone insisted that go to head-to-head with the NFL in the fall. It folded its tent after that season.

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