A rerun of the economic crisis in 1937 appears to becoming increasingly likely. The IMF has reduced its predictions for global economic growth, primarily because of austerity programs in Europe. A similar policy was implemented in 1937 which had the effect of returning the world to Depression. The chances for austerity programs also appears to be likely in the US. Fiscal austerity in the middle of slow economic growth is not the right policy.
Ronen Bergman has published a very long article in the New York Times with the title: “Will Israel Attack Iran?” The article has the clear ring of one that has been carefully researched and vetted by editors–in other words, it sounds very authoritative. Whether it actually is is another matter entirely, but a matter we cannot assess. All the facts seem to be very consistent with what we already know about Israeli previous behavior and assessments. We actually know very little about the Obama Administration’s views on the matter (a curious reversal of the more typical situation). Having said all this, the article is particularly chilling. I’ll try to find some Iranian reaction to the article–if anyone has luck on that matter, please let me know.
Breaking News. Iran is threatening to stop selling oil to Europe, preempting the EU plan to embargo Iranian oil as soon as some of its members found alternatives to Iranian oil. The Financial Times is reporting that the Iranian plan will be decided upon on Sunday. If the Iranians follow through on the threat, we should prepare for a very bad Monday. A very clever gambit by the Iranians. http://www.ft.com/intl/cms/s/0/a3c736b0-4788-11e1-b646-00144feabdc0.html#axzz1kWPXETMd
World Politics News 
I don’t think that Israel will attack Iran. I think that they will use their best threats to stop Iran but they are not going to do anything on land. As we have noticed in the past few months we had revolutions all over the Arab World and even though Iran is not an Arabic country it is in the region. I think that if Israel attacks Iran there will be a revolution against Israel in the whole region. Besides Iran now has a lot of power and it’s not in Israel’s intrest to start a war with Iran. Adding to all of that the situation inside Israel are not that good. They have issues inside the country and it’s not their best option to fight Iran t least for now.
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