Discussions about Iran are relevant to economic forecasting. An attack on Iran would send oil to the fucking moon. And the price of oil is the achilles heel to global industrial capitalism. If anything could fully implode the debt bomb it would be an sustained oil spike. I think like 300 per barrel would take like 20% of the global GDP. What would $9 per gallon gas do to RE? Above $120 we go into recession.
I can only imagine the discussions going on behind the scenes about attacking Iran. IMO, Iran is not a physical threat to anybody. They are however a threat in other ways.
