Tuesday, February 18, 2014

Middle east countries could be in trouble

Geopolitical tensions are rising. You can't hold the Fed responsible for that, although without money-printing, the price of energy would be lower. I was in Ethiopia and Egypt at this time last year. The Asians have a future; they can advance, and tighten their belts. But a country like Egypt is much worse off today. The Nile Valley can't feed the people. Many countries in the Middle East could go up in flames.