Alarming parallels between current Middle East tensions and events leading up to WWI [SoberLook]
September 3, 2012 Leave a comment
JPMorgan’s commodities analysts draw some frightening parallels between the current Israel – Iran tensions (discussed here) and the events leading up to World War I. They first point out that since the tensions have not escalated into a military conflict so far, in spite of numerous predictions, the public has lost “interest” and the markets moved on to other issues. The web search interest for the phrase “iran war” has dropped off significantly since the peak of early 2012.
|Source: Google Insights for Search|
But that does not mean the risks have dissipated, particularly as Syria becomes a “wildcard”.