Global Macro Pressures Mount as Multiple Crises Converge.

Global Macro Pressures Mount as Multiple Crises Converge. A recent economic analysis highlights three critical threats reshaping financial markets. First, potential closure of the Strait of Hormuz amid U.S.-Iran tensions could severely disrupt oil shipments, spiking energy prices and global inflation while forcing interest rates higher during economic vulnerability. Second, artificial intelligence emergence may fundamentally restructure the global economy over the next decade, potentially creating what economists term a new "Cognitism" system driven by exponential intelligence rather than capital expansion. Third and most concerning, sustained contraction in total U.S. credit could trigger severe global depression comparable to the 1930s Great Depression. Since 2008, government borrowing and Federal Reserve money creation have replaced private-sector credit as the primary growth engine.