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John Mauldin's Outside the Box

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  • Iraq, Iran and the Next Move

    For those of you that have read about my new book, Endgame, you know I make the point that, while there are no good options for dealing with the debt crisis, the worst choice of all is doing nothing. In today's Outside the Box, you'll see a similar argument—but this "lesser of two evils" situation deals with the U.S. troop withdrawal from Iraq, and the ever-present Iranian push to dominate the Persian Gulf region.

    George Friedman—my friend, and founder of STRATFOR, a global intelligence company—discusses the potential "bad options" the U.S. has in its attempt to rein in Iran, and arrives at what he considers the least detrimental: negotiation. The worst of course is doing nothing, thus allowing Iran to increase its hold on the entire region—a region on which the global economy is dependent for its oil... You can see why all this matters.

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