Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Saxo Bank: the world awaits a new Cold War and an arms race


December, 02 2021
watermark Economic news

Experts from the investment bank Saxo Bank have shared a shocking forecast for 2022. The bank expects a massive arms race to begin next year among the leading military forces, including Russia, the United States, China, the EU and India.


Analysts do not exclude the possibility that hypersound and space will become the main themes of a new stage in the rivalry between the United States and China on all fronts, economic and military. Experts made such conclusions, taking into account the financing priorities of both countries. Other major powers with advanced military technologies – Russia, India, Israel and the European Union - can also join the PRC and the United States.


Saxo Bank believes hypersonic technology represents a revolutionary threat to its long-standing military-strategic status quo. On the one hand, hypersound renders entire types of weapons useless: for example, surface ships will not be able to defend against a hypersonic attack.


In addition, the new weapon could shake faith in the principle of mutually assured destruction in the event of a nuclear war. This refers to the fact that the speed and maneuverability of hypersonic technology puts their owner at an undeniably unattainable level.


It is worth noting that China has already tested a hypersonic missile capable of carrying nuclear weapons, and this caught US intelligence by surprise. At the same time, the PRC Ministry of Foreign Affairs stated that these were only tests of a spacecraft, and not a hypersonic rocket.


Feedback

ForexMart brand is authorized and regulated in various jurisdictions.

This website is operated by (Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines.

Restricted Regions: does not provide services for residents of certain countries, such as the United States, North Korea, Sudan, Syria and some other regions.


© 2015-2022 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.