Kamal Ghorui
Last year America’s prowess in AI more than offset the damaging economic effects from Trump’s tariffs. Now, different strengths – including energy independence, its army of retail investors, and the dollar’s safe-haven status – are saving US economy and markets from the worst effects of his Iran ‘excursion’.
Since the first bombing run on Feb 28, gasoline prices have risen more than 20% in US, but much more steeply in many other countries. Natural gas prices have barely budged in US, but have surged in the rest of the world. Across Europe and Asia, the energy squeeze is leading to higher energy prices, factory shutdowns, shorter work weeks, school closures, cancelled flights, and a spike in distressed companies.
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