From Michael Barrett, Analyst, Extreme Value:
On May 6, President Obama passed a historically important milestone for which there was no fanfare or jubilation…
He has now been at war longer than any other American president.
With the end of his second term just weeks away, Obama will become the first U.S. president to have been at war for the entirety of his administration.
I see no reason to expect anything different for President-elect Donald Trump.
War is the most destructive and expensive thing that humans have ever devised. The consequences can be devastating to the individuals who fight and their families. It’s also true, however, that war is big business. Military contractors, like Lockheed Martin (LMT) and Raytheon (RTN), have thrived during the Obama administration.
But war also has another beneficiary…
In the table below, notice how gold prices responded to increased war spending and federal budget deficits between