Jordinson is acting perversely, irrationally and outside his core competency.
Iran doesn't even have sufficient foreign exchange to diversify its economy away from dependency on oil revenues. There's a report below that indicates according to one analyst that much of its fx revenues are being spent on food, leaving no flexibility to re-jig the economy into what Khamenei calls a "resistive" economy (one that is less vulnerable to sanctions?).
The latest Wall Street Journal Op-Ed on Iran (yesterday?) written by John Bolton and others calls for Iran to be expelled from UN and the IMF (but it would be hard to achieve though). (I think the WSJ has really got it in for Iran judging by the frequency of verbal attacks on it :). Jordinson has to be a nut case if he thinks the regime in Teheran is going to last more than a few months. Bashar Al-Assad only controls 30% of Syria now. Khamanei and Al-Assad are doomed. All IMO. DYOR. (Recall September is the best month for bombing Iran from a weather point of view).
UCL Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
