financeguy
ONE love, blood, life
11 July:
RIA Novosti - Russia - Russia says Iran war games show U.S. does not need missile shield
16 July:
US faces global funding crisis, warns Merrill Lynch - Telegraph
16 July:
U.S. to establish presence in Tehran: report | Reuters
http://www.guardian.co.uk/world/2008/jul/17/usa.iran
Join the dots, people.
In the same week that the US banking system totters near to collapse, the neocons cave in to Russian/Chinese pressure for a peaceful solution in Iran.
Soflee soflee catchee neo-con monkee.
Lavrov said the problem requires a joint solution, rather than unilateral steps such as missile tests, threats and new bases. He also said Moscow is looking ahead to new talks with Iran, scheduled for later this month.
"We advocate the continuation and buildup of diplomatic efforts to reach an agreement on Iran's nuclear dossier. We expect that discussions on the proposals made to Iran last month will help create appropriate conditions for that."
RIA Novosti - Russia - Russia says Iran war games show U.S. does not need missile shield
16 July:
The US Treasury is running out of time before foreign patience snaps, writes Ambrose Evans-Pritchard
Merrill Lynch has warned that the United States could face a foreign "financing crisis" within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread through the world.
Draining away: The US may struggle to plug its capital gap
The country depends on Asian, Russian and Middle Eastern investors to fund much of its $700bn (£350bn) current account deficit, leaving it far more vulnerable to a collapse of confidence than Japan in the early 1990s after the Nikkei bubble burst. Britain and other Anglo-Saxon deficit states could face a similar retreat by foreign investors.
"Japan was able to cut its interest rates to zero," said Alex Patelis, Merrill's head of international economics.
"It would be very difficult for the US to do this. Foreigners will not be willing to supply the capital. Nobody knows where the limit lies."
Brian Bethune, chief financial economist at Global Insight, said the US Treasury had two or three days to put real money behind its rescue plan for Fannie and Freddie or face a dangerous crisis that could spiral out of control.
US faces global funding crisis, warns Merrill Lynch - Telegraph
16 July:
LONDON (Reuters) - The United States will announce in the next month that it plans to establish a diplomatic presence in Tehran for the first time in 30 years, a British newspaper said on Thursday.
In a front-page report, the Guardian said Washington would open a U.S. interests section in the Iranian capital, halfway towards opening an embassy.
The unsourced report by the newspaper's Washington correspondent said: "The Guardian has learned that an announcement will be made in the next month to establish a U.S. interests section in Tehran, a halfway house to setting up a full embassy.
U.S. to establish presence in Tehran: report | Reuters
http://www.guardian.co.uk/world/2008/jul/17/usa.iran
Join the dots, people.
In the same week that the US banking system totters near to collapse, the neocons cave in to Russian/Chinese pressure for a peaceful solution in Iran.
Soflee soflee catchee neo-con monkee.