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NOBODY IS TALKING ABOUT THIS: Nouriel Roubini says there is over a 50% chance the US escalates the Iran War further.
Backing down risks greater economic and geopolitical damage.
He argues escalation could lead to regime collapse and a better medium-term outcome.
At the same time, he warns prolonged conflict could trigger a 1970s-style oil shock and force central banks into rate hikes.
The market is not ready.