• Straightening Out the Strait

    Recently some of the fears that investors had focused on in the 11th hour debt negotiations in Greece have drifted southeastward towards the Strait of Hormuz. An increasingly bellicose Iran threatens to throw the world economy into confusion with the potential closure of one of the world's most important sources of energy. Catastrophic failure in Athens or the Gulf could plunge the world into severe recession if not depression. Having discussed the Eurozone at length, we focus this week on th...