Tuesday , November 5 2024
Home / Mike Norman Economics / Mike Whitney: Uncle Sam vs. Russia in Eastern Syria: The Nightmare Scenario

Mike Whitney: Uncle Sam vs. Russia in Eastern Syria: The Nightmare Scenario

Summary:
The impending collapse of ISIS has touched off a race for territory in the oil-rich eastern part of Syria pitting US-backed forces against the Russian-led coalition of Syria, Iran and Hezbollah. This is the nightmare scenario that everyone wanted to avoid. Washington and Moscow’s armies are now converging on the same area at the same time greatly increasing the probability of a conflagration between the two nuclear-armed superpowers. The only way a clash can be avoided is if one party backs down, which seems increasingly unlikely. The situation can be easily explained. The vast swath of territory captured by ISIS is steadily shrinking due to the dogged perseverance of the Syrian Arab Army (SAA) which has liberated most of the countryside west of the Euphrates River including the

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

John Quiggin writes Monday Message Board

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Mike Whitney: Uncle Sam vs. Russia in Eastern Syria: The Nightmare Scenario

The impending collapse of ISIS has touched off a race for territory in the oil-rich eastern part of Syria pitting US-backed forces against the Russian-led coalition of Syria, Iran and Hezbollah. This is the nightmare scenario that everyone wanted to avoid. Washington and Moscow’s armies are now converging on the same area at the same time greatly increasing the probability of a conflagration between the two nuclear-armed superpowers. The only way a clash can be avoided is if one party backs down, which seems increasingly unlikely.




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *