It has been a long hot summer of conflict as numerous geopolitical events have sprung up around the globe, creating uncertainty with a threat of larger conflicts, and could upend markets and the fragile golobal recovery from the 2008 financial crisis.
Oddly these numerous hotspots have not translated into a spike in volatility, but each is just one miscalculation away from an escalaition that could create a global market crisis.
Israel and Hamas have been involved in a hot war in the Gaza strip, while the Syrian civil war has spillled over into Iraq and a new radial Islamic group has emerged to threaten the region. Russia, not content with the annexation of the Crimea, has supported separatists in Ukraine threatening Western Europe and forcing it to choose between energy needs and the threat of old style Soviet expansion. Libya is still unstable as is much of North Africa.
With all this going on in the usual regions, China and Japan—the second and third largest economies in the world—have their own conflict quietly brewing.
While global conflicts often spark and then fizzle, with so much going on there is a chance one of these conflict escalates to an event that can have a dramatic effect on markets.
We thought this was a good time to ask our experts the following question: The world is awash in geopolitical risk. What countries/crises should you be watching (as a driver of price) and why?
Here's what they said.