Tuesday, June 7, 2011

Goldman Suggests Optimism -- Updated with Denninger Pessimism

The Good Goldman gives us a Top Ten. I applaud his positive attitude, though, even his best-case scenario isn't really rosy. Read it.

Saudis don't get their way.

Actually, David Goldman/Spengler does not really suggest being optimistic as much as he says we should not panic. And I agree wholeheartedly.

Still, a lot of stuff can happen fast, and mostly it is not good. Oil prices may go up or down after the OPEC failure, but weakness in the dollar suggests they will go up. Iran could have a testable nuclear weapon in as little as two months according to Rand analysts. What's that going to do to oil prices? And Middle East stability? And Israel's defenses?

We live in interesting times.

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