Posted 10/10/2023, 12:59:00 PM
Yardeni Warns Prolonged Israel-Hamas Conflict Raises Risk of Oil Price Spike and Global Recession
- Yardeni Research raises odds of a recession to 30% by end of 2024 due to Israel-Hamas war
- Prolonged Middle East conflict could cause oil price spike and trigger global recession
- Yardeni concerned about potential debt crisis tied to wide US deficits and rising bond yields
- Analysts say war is existential for Israel to wipe out Hamas and for Iran's regime
- Yardeni's recession worry list includes Middle East war, debt crisis, and credit crunch signs
