Source: International Business Times
Michael M. Santiago/Getty Images A growing war involving Iran is shaping up to be an "everybody loses" scenario for the global economy, according to analysts at Morgan Stanley, who warn that the conflict could trigger a cascade of financial shocks ranging from higher oil prices to renewed inflation and economic uncertainty. A team of Morgan Stanley analysts argues that the war could undermine a traditional investment strategy known as the "60/40 portfolio," which balances stocks and bonds.
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