“Panetta believes there is a strong likelihood that Israel will strike Iran in April, May or June — before Iran enters what Israelis described as a “zone of immunity” to commence building a nuclear bomb.”
“U.S. officials see two possible ways to dissuade the Israelis from such an attack: Tehran could finally open serious negotiations for a formula to verifiably guarantee that its nuclear program will remain a civilian one; or the United States could step up its covert actions to degrade the program so much that Israelis would decide that military action wasn’t necessary.”
Cramer and Welch Predict Light in the Tunnel, Finally!
Is the worst real estate crisis nearly over asks this observer? With mortgage resets nearly over and the talking heads linning up perhaps the boom is just around the corner.
The U.S. housing market has shown strong signs of bottoming and could soon turn around, “Mad Money” host Jim Cramer says, at least if recent housing data and bullish comments from prominent businessmen are any indicator.
Jack Welch, meanwhile, has joined the group of notable businessmen who think the housing market is looking up. Earlier this month, the former General Electric chairman said a combination of low prices and record-low interest rates have helped the battered real estate market hit bottom and get ready to rebound, perhaps even stronger than many economists expect. ”Housing has pretty well bottomed and rental prices are going up. Vacancies are almost nonexistent,” Welch said. “So you’ve got a lot of forces driving toward the housing market. Prices are down, interest rates are down, the affordability index is good. … We think it could be a blowout. Housing could be really good based on all the dynamics that are out there.” By Drew Sandholm, Posted 20 January 2012
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