7 January 2016   Leave a comment

Rami Khouri is a very smart analyst of Middle Eastern affairs.  His interpretation of the growing Saudi-Iranian discord is right on target–not alarmist but sufficiently sober.  His essay, however, has an insight which I had not though about before.  The dynamic of this hostility may lead to the break-up of some well-established states.  Such an transformation would be very unstable when it occurred but might be more stable in the long run.

There’s lot going on in the stock markets all around the world, and all of it is bad.  The Shanghai stock market was open for only 29 minutes before it was closed to trades because the index had fallen by over 7%.  The US stock market is now officially in “correction” because it has fallen over 10% from its previous high.  Financial uncertainty  always aggravates world politics, but there is usually a lag in time.  Incredibly, the Saudis are losing a great deal of money and are thinking the unthinkable:  selling ARAMCO, arguably the most valuable company in the world as an initial public offering (IPO)

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Posted January 7, 2016 by vferraro1971 in World Politics

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