Israel Conflict Adds to Global Turmoil

The surprise terrorist attack on Israel by Hamas has created a new geopolitical crisis with many unexpected implications.
Israel Conflict Adds to Global Turmoil
Rockets are fired toward Israel from Gaza, on Oct. 7, 2023. AP Photo/Fatima Shbair
Daniel Lacalle
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Commentary

The surprise terrorist attack on Israel by Hamas has created a new geopolitical crisis with many unexpected implications. We can’t forget the hundreds of people who have been killed in this attack—a terrible loss of innocent lives. In the markets, the Key Tel Aviv share indices declined around 7 percent, and sovereign bonds slumped by 3 percent after the bloodiest attack on Israel in many years.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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