Bombs Away

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Our View

We live in interesting times, and unfortunately, not all of it is good. As I’ve long predicted, there has been an expansion of the war in Ukraine. Yesterday’s use of U.S.-provided long-range missiles will likely escalate the conflict further. Putin’s red line has been crossed, and it’s highly likely he will return the favor.

Meanwhile, Iran has increased its stockpile of enriched uranium to 60%, which has no civilian application. At 90%, uranium becomes weapons-grade. I think Russia has given Iran what it needs to build nuclear weapons while Chinese President Xi is warning the US to stay out of the Taiwan Strait. Six months ago, a few friends laughed at me when I said we were inching closer to WWIII. They are no longer laughing. Geopolitical risk is skyrocketing.