US War Aims? Take Your Pick
The TACO moment in Iran has finally arrived. But markets should brace for short-term pain.
Consumers are paying the price at the pump.
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President Donald Trump is far more considerate than people give him credit for. Since world markets closed Friday, he spent the weekend posting startling pronouncements on his next steps in the war with Iran. It was nice of him to do so while markets were closed. During trading hours he would have caused mayhem. As it was, everyone watched the blinding switchbacks with no new money at stake — and a cautious open to Asian trading suggests nobody feels much wiser.