| Iranian economy is not in such a bad shape that cannot be maintained until the next gas consumption boom re-occurs due to the global economic bouncing back. In fact the ongoing economic sanctions have created some build-in shock absorbers by decoupling Iran`s financial an banking system from the bankrupt and malfunctioning global system dominated by the US and EU. Sure there are some tough times ahead, and Ahmadinejad`s economic "plans" have proven disastrous for Iran but and I hope he`ll pay the price by being tossed out into the garbage bag of history by next June, the Iranian election time. But if I were you I wouldn`t light a cigar in celebration for the Iranian economic demise yet because the Iranian economy has survived many many crises like this before. If I were you, I`d worry more about your own 101K and vanishing retirement funds in the US. |
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