Yale's Stephen Roach: Markets are in danger of being 'whipsawed' by Middle East conflict, U.S. unemployment
1. Escalating Middle East conflict increases market volatility and inflationary risks. 2. Iran's missile attacks on Israel may disrupt oil supply and prices. 3. US unemployment rate remains high, affecting Fed's interest rate decisions. 4. Dockworkers' strikes could critically disrupt supply chains and the economy.