Home › Forums › Financial Markets/Economics › Iran attack effect on economy/housing market
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cashman.
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February 24, 2007 at 9:42 AM #8458February 24, 2007 at 10:07 AM #46105
Anonymous
GuestI wonder what affect the eventual US pull back from Iraq will have, and we also cannot forget the likely possibility that we will see continued terror attacks. A large attack could have an enormous affect on our economy. Home prices fell last year even though the economy was rocking, interest rates were at historical lows, we didn’t see a major terrorist attack at home, unemployment was at historical lows and on and on and on. If one or more of these pillars of strength were to fall, then what happens?
February 24, 2007 at 11:02 AM #46107PerryChase
ParticipantAmerica won’t invade Iran. We don’t have enough soldiers to do that even if we wanted to. If there’re any attacks, they’ll be limited to airstrikes. In which case, we’ll pay by having even more violence in Iraq.
The Brits are pulling 3000 men out of Iraq leaving about 4000 Brits in Iraq. We’re now pretty much on our own in Iraq and the situation in Afghanistan is deteriorating.
No wonder we had to deal with Korea. The Bushies gambled everything on a misguided strategy and now America is running out of options.
As rich as we are, America can’t forever live in a state of siege. That will bankrupt us just like it bankrupted the Soviet Union.
February 24, 2007 at 11:11 AM #46108poorgradstudent
ParticipantUncertainty usually sends the price of Oil and Gold upward, but the Iran situation looks like a lot of posturing right now to me. Hopefully the game of chicken will have a peaceful resolution. I’m encouraged that the UN is taking an active role in the process so far.
As for North Korea, the US has wisely let China take a leading role in handling them. My personal theory is that North Korea decided to abandon their weapons program after finding out that it’s difficult and expensive to build nukes.
February 24, 2007 at 12:12 PM #46111GuestI’m thinking that there were alot of undisclosed offers and encouragement from China as well, like you said. There are those who would argue that Russia, China, and India/other countries to a lesser extent are starting to cooperate to oppose the widespread dominance of U.S. power around the globe. Countries like North Korea who would find it impossible to cave in to the West, may find it easier to agree to the same terms with a neighbor like China without losing face.
February 24, 2007 at 7:20 PM #46120LookoutBelow
ParticipantThe USA will not attack Iran….that being said…Israel will and we will back them up with air cover among other things……It will happen soon in my opinion.
Also, as a side note, "If" Iran takes a swipe at one of our assets (naval) over there in the gulf, then all bets are off, I believe they will in fact do that, and I think things will get REALLY ugly… REALLY fast…….Wax up, swell is in, who has time to worry about this stuff anyway, nobody called and asked my opinion on it this morning. I waited, but the phone never rang, so I guess I'll go surf
February 24, 2007 at 7:34 PM #46123cashman
ParticipantBorat,
Don’t buy a little GLD, buy ALOT of GLD! Did you see gold touch upon $700 an ounce last week? Look at the charts, it’s making it’s move. Any world crisis would only accelerate that move. I’m not a doom and gloomer, but I think it makes sense for everyone to have a portion of their portfolio in gold. About 10 percent or so. -
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