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Three Reasons the Stock Market Can Endure the War – WSJ

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Three Reasons the Stock Market Can Endure the War – WSJ

Pessimists have overused the image of Wile E. Coyote running off a cliff and not falling until after doing a double-take. If U.S. troops end up in another Middle East quagmire that drives oil to $200 a barrel, those who already sold their stocks will be in told-you-so mode as share prices follow the coyote to a hard landing.

So far, though, the fall is small given the scale of disruption. The S&P 500 is down 7.4% from its prewar high, only slightly more than falls over the same period in May 2019 or April 2018—neither at all memorable. Amid a global energy crisis that has already led to fuel rationing in some Asian countries, cautious Roadrunner fans see investor complacency.

From World War II & Beyond

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Quonset Hut History: From World War II & Beyond

The George Fuller construction company is credited with being the first company to manufacture Quonset huts on behalf of the US Navy in 1941. The exact inventor or designer isn’t known, but the design is based on the Nissen Hut design that originated from World War I.?

In World War II, the U.S. Navy needed buildings that could be quickly assembled and disassembled but could withstand the rigors of the military and the Quonset hut was created. In essence, the Quonset hut wasn’t necessarily invented but was a vast improvement of the Nissen Hut.?

U.S. Is Considering ‘Winding Down’ Iran Operations, Trump Says, as Tehran Launches Missile at Diego Garcia

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Iran War Live: U.S. Is Considering ‘Winding Down’ Iran Operations, Trump Says, as Tehran Launches Missile at Diego Garcia

Iran fired two ballistic missiles at Diego Garcia, a joint U.S.-U.K. military base in the Indian Ocean, in its farthest missile launch on record. Tehran is growing bolder in showing its ability to reach Europe, said an Israeli intelligence expert.

Meanwhile, Iran said its Natanz nuclear facility was attacked for the second time in the current war.

The reported airstrike came a day after President Trump said the U.S. is considering “winding down” its military operation in Iran, adding that other countries would need to police the Strait of Hormuz.

Iran Believes It’s Winning—and Wants a Steep Price to End the War – WSJ

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Iran Believes It’s Winning—and Wants a Steep Price to End the War – WSJ

While the Iranian leadership currently possesses significant leverage for a deal with the U.S. if it chose to negotiate, it also holds a record of sticking to unrealistically rigid policies since the early days of the Islamic Republic, said Alex Vatanka, a senior fellow at the Middle East Institute and author of a book on U.S.-Iranian relations. Back during the Iran-Iraq war, Iran liberated every inch of its territory by 1982—but only agreed to a cease-fire with Saddam Hussein’s regime in 1988, after massive destruction and hundreds of thousands of casualties on both sides, he noted.