Thursday, July 3, 2008

Could Iran Be the Dominant Economic Story This Fall?

From the Wall Street Journal's Real Time Economics blog:
Tensions over Iran are escalating and at least one economist expects the situation in the Mideast to become the dominant story of the second half of the year.

“Overshadowing all the economic data is growing speculation that Israel is gearing up to destroy Iran’s uranium enrichment plants,” said Bernard Baumohl of the Economic Outlook Group. “We assess the probability of such a military strike to be 85%, and that it will likely occur between September and November.”>>>MORE