Iran Risks Crash With Record Stock Market Boom, Say Economists
Radio Free Europe / Robert Tait
05-Sep-2010 (3 comments)

the bull market has been dismissed as a "state-created bubble" by seasoned analysts who attribute it to the deliberate buying and selling of assets by supposedly private companies that are in reality owned by organizations like the Islamic Revolutionary Guards Corps (IRGC), which has been playing an increasingly dominant role in Iran's economy.

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faziboy

Very Unlikely!

by faziboy on Mon Sep 06, 2010 02:42 PM PDT

This story is aimed at creating more panic amongst iranian's to withdraw their money from the banks and turn them into hard cash /gold, etc. As a result, there will be a blow to the economy, but the real pressure as always is on the people and not the government.  


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John

"will create mass unemployment"

by John on Mon Sep 06, 2010 06:06 AM PDT

Really?  According to what I've been told, there already is massive unemployment.  In fact, I know of people who are working for no salary.  Their employers have low or no cash flow, and the employees continue to go to work in order to safeguard their jobs, but they are paid nothing for the work that they do.  These are not low-level jobs either, but are IT and engineering positions.


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Sargord Pirouz

That's a funny headline and

by Sargord Pirouz on Mon Sep 06, 2010 02:52 AM PDT

That's a funny headline and prediction.

Now, what were these same experts "not" predicting about the US stock market prior to 2008?

Yeah... 


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