My Comments: Readers of my daily posts know I agree with the proposed agreement. I disagree with the notion that the inevitable outcome of failing to approve the deal is war with Iran. But that’s not to say there won’t be some serious negative consequences. Switzerland, for example, has already lifted most of it's sanctions …
Category: Global Economics
Saudi Arabia May Go Broke Soon
My Comments: If Saudi Arabia ceases to function and Iran has a nuclear weapon, what are the implications for the rest of the world? I accept that I’ll be just a memory by 2045. However, the United States may then be the only country on the planet with the ability to both unilaterally feed itself …
Obama’s Long, Hot Iranian Summer
My Comments: To deal or not to deal, that is the question. Most people are focused on the political implications of the agreement, and whether it's a good deal for us or not. I'm very concerned about the economic implications as well. My blog post tomorrow talks about the high probability that Saudi Arabia will …
A Century of Defense Spending In The United States
My Comments: With deal with Iran now in play, the focus is increasingly on the choice between war and peace. We either come to terms with some kind of negotiated settlement, or we accept the idea of sending young men and women off to die once again. I read recently that of the 239 years …
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US-Iran Treaty Can Send Oil to $40
My Comments: I’ve already said that I much prefer a negotiated deal between adversaries than continued threats to bomb the crap out of them. In todays economic and political environment, that option poses too many risks that I’m unprepared to accept. Here’s some economic thoughts about what might happen, now the deal is in place. …
Wrong On Iran
My Comments: I’m unsure about the title of this article; is the author talking to us, to the Israelis or both. Personally, I’m all for the deal that was signed on Monday. I’m persuaded the choices are either an agreement based on mutual distrust, made by skilled negotiators, or war. And I’m sick and tired …
Staring Into An Abyss
My Comments: Greece is the focus for many of us whose professional interest is the management of money, both for ourselves and our clients. I’ve said the crisis has the potential to be calamitous, not just for Europe, but for the rest of the world too. Here, Scott Minerd suggests we step back a bit …
Sunny with a Chance of Turbulence
My Comments: Many of us were blindsided by the severity of the pullback that happened in 2008-09. Many of us are still trying to get back to where we were and are fearful of it happening again soon. Some on TV are pushing the idea that it’s just around the corner. It’s not. The chance …
Bond Crash Across the World As Deflation Trade Goes Horribly Wrong
My Comments: You can call me an alarmist if you like, I really don’t care. We are long overdue for a market correction, from both a stock value perspective and interest rate perspective. If you don’t believe it’s coming, I have some nice real estate just east of Daytona Beach I can sell you for …
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US Should Not Negotiate Free Trade Behind Closed Doors
My Comments: Recently I was reminded that I appear to have strong opinions. This is usually accompanied by a rolling of the eyes, and to which I now hang my head, but without shame. On this topic, I’ve not had an opinion worth talking about until now. I hate it when people bitch and moan …
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