“Battle” for Hormuz, that is why there will not be another war in the Gulf (as yet)
Despite the fact that the two parties – Iran and the USA – do not seemingly avoid confrontation, there will not be an open armed conflict at least now. There are some reasons. Iranian threats Ataollah Salehi, the Iranian army commander-in-chief warned the USA against the return of their aircraft carrier in the Persian Gulf [...]
The global financial crisis – III: What remedy?
The dog’s breakfast of an Obama stimulus package will cause another Great Inflation to follow the Big Recession, says Deepak Lal There seems to be no end to the US financial crisis. Its deflationary effects are now spreading to the global real economy. With the new US administration’s ratcheting up the invective on Chinese currency [...]
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