War between Russia and Ukraine looks imminent. Israel and Iran are engaging in tit for tat maritime altercations. And China is ratcheting up provocative incursions into the airspaces and waters of Taiwan, Japan, and the Philippines. Any one of these regional conflicts is incendiary enough to ignite World War III (or, more accurately, each one is capable of transforming the cold, hybrid warfare of cyberhacks, technology thefts, financial markets manipulation, and perhaps even biological attacks that has been underway for many years into total and unrelenting global bloodshed), yet trading markets and news media are largely ignoring what's unfolding. It's...