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Site title: The Big Picture
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I wrote in an earlier post that the oil markets are under-pricing the risks inherent in the Iran conflict and that a spike in oil prices is not far off.
Even as President Trump weighs the option of another strike on Iran, it appears that the moment of reckoning in oil markets is not far off. Another two or three weeks of the stalemate could push oil prices to over $120 ...
Since the Iran conflict is getting branded as another Vietnam, an Economist article on the Vietnam war is worth reading.
In the war, 3 million Vietnamese were killed; over 50,000 American soldiers died. The US ...
The Economist has an upbeat story about India's new crop of private universities. But its title - India's pricey universities want to take on the Ivy League- suggests it is getting carried away. The new pri...
Robert Kagan, US columnist and neoconservative, joins the chorus of voices that say that the US has lost the war in Iran.
The US cannot bring about the collapse of the Iran regime without extremely high costs. Kagan spells out these c...
The oil markets have been far more sanguine about the conflict in Iran than analysts. It took weeks for the markets to price oil at $100- and it hasn't venture very far beyond that.
The markets initially reckoned the conflict would end in four to six weeks. The...