Economy

Here is how a new Cold War may impact the U.S. economy

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Just 60 years ago, the U.S. and the Soviet Union were at the height of a Cold War that nearly resulted in nuclear warfare. Today, experts say, the U.S. and its old foe, now Russia, are headed into another one. But it won’t be the same.

“I think the second Cold War has already started,” said Jason Schenker, president of Prestige Economics.

Angela Stent, senior advisor for Georgetown University’s Center for Eurasian, Russian and East European Studies, said, “I think that we are definitely headed into a 21st century version of the Cold War, but it’s going to be different from the Cold War that existed between 1949 and 1989.”

The unprecedented economic sanctions imposed against Russia following…



Source cnbc.com

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