NATO and the United States are responding aggressively to the ongoing Russia-Ukraine war. But now many Americans are wondering how close this all puts us to World War III. “The question is when [Russians] respond to our support of Ukraine, we will have to determine if any attack they do does rise to the level of a declaration of war against the United States,” Senator Kristen Gillibrand told Fox News. “We are trying very hard to avoid the start of World War III because if and when that ever happens, that will result in the loss of millions of lives. And we are trying everything we can to help Ukraine push back Russia’s ambitions and to win that war on the ground.” On Boston University’s “Question of the Week” podcast, Joshua Shifrinson, a BU Frederick S. Pardee School of Global Studies associate professor of international relations, said that we’re closer to another world war but are still “several steps away from a conflict akin to World Wars I and II.”


Boston University/Doug Most
How Close Are We to World War III?

One month since Russia invaded Ukraine, the war has reached a stalemate, raising concerns about whether fighting could spill over into neighboring countries. Are we on the verge of another world war? To understand the current situation, we spoke with Joshua Shifrinson, a BU Frederick S. Pardee School of Global Studies associate professor of international relations.

You can listen to the full podcast, here.


Fox Business
Gold prices down, but still showing gains from last week

Gold futures suffered a loss for the session Friday, but tallied a gain for the week, as traders eyed developments in the Russia-Ukraine war and an increasingly hawkish Federal Reserve.

Gold was flat at $1,955 an ounce in early Asian trading on Monday, but will continue to be up around 2.5% on the month.

“The risk of the Russia-Ukraine war becoming [World War 3] is diminishing for the moment and the more immediate concern is the impact of more aggressive interest rates, especially on the economy,” said Edmund Moy, former director of the United States Mint and senior IRA strategist for gold and silver dealer U.S. Money Reserve.

You can read the full story, here.


Business Insider/Harry Robertson
Recession fears grow stronger as part of the US bond yield curve inverts for the first time since 2006

Part of the US bond yield curve briefly inverted for the first time since 2006 Monday, adding to fears that a recession could soon hit the country’s economy as the Federal Reserve hikes interest rates hard.

The yield on the 5-year Treasury note rose above the yield on the 30-year Treasury bond, an event that hasn’t happened for the last 16 years.

Monday’s move added to chatter on Wall Street and in other financial centers that a recession may be on its way, given bond yield curve inversions have historically foreshadowed sharp economic slowdowns in the US.

“When yield curves begin to invert, it’s usually a signal that investors have lost their confidence in the economic recovery story and are now preparing for a slowdown or possibly a recession over the next few quarters,” Hussein Sayed, chief market strategist at trading platform Exinity, said.

Read the full story, here.




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