All the focus at present is on the on-going war between Israel and Iran but this just reminds us again of the importance of geopolitics and its ability to impact on markets and the global economy.
Dear Professor Ash, I agree with your analysis that predatory leaders can and will overturn the practitioners of the idea of the perfect market reflecting reality. As we have seen in history, elites have gone to war when they fear for the future and decide to role the dice by going to war. See the German High Command in 1914, the Japanese High Command in 1941, and the Bush administration in 2003. Bibi hopes that he can lead Trump by the nose to affect the change of the Iranian regime by aerial bombardment. This is the geostrategic equivalent to the road to perdition. Although the IDF has been brilliantly successful during its preemptive campaign, does anyone with an understanding of history believe that a real country of 90 million really pissed off Iranians the size of Alaska will surrender its sovereignty to only an aerospace bombardment? By the way, the Iranians have a significant cache of enriched uranium. Might not the IRI assemble an arsenal of primitive uranium bombs to conduct a slow motion strategic campaign of revenge?
Dear Professor Ash, I agree with your analysis that predatory leaders can and will overturn the practitioners of the idea of the perfect market reflecting reality. As we have seen in history, elites have gone to war when they fear for the future and decide to role the dice by going to war. See the German High Command in 1914, the Japanese High Command in 1941, and the Bush administration in 2003. Bibi hopes that he can lead Trump by the nose to affect the change of the Iranian regime by aerial bombardment. This is the geostrategic equivalent to the road to perdition. Although the IDF has been brilliantly successful during its preemptive campaign, does anyone with an understanding of history believe that a real country of 90 million really pissed off Iranians the size of Alaska will surrender its sovereignty to only an aerospace bombardment? By the way, the Iranians have a significant cache of enriched uranium. Might not the IRI assemble an arsenal of primitive uranium bombs to conduct a slow motion strategic campaign of revenge?
Clear, 100% persuasive analysis of why and how we've got to where we are and what is the next probability
A most insightful and helpful analysis, as always. One of the best there is.