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The real reason for Iran's laughable behavior: Demise and Eventual Loss of Regional Power

From The Economist:

Key indicators 2006 2007 2008 2009 2010 2011
Real GDP growth (%) 4.3 4.3 4.0 3.7 3.5 3.4
Consumer price inflation (av; %) 12.0 17.0 15.5 15.0 15.0 14.8
Official net budget balance (% of GDP) -7.6 -9.7 -10.3 -10.3 -9.9 -9.3
Unofficial gross budget balance (% of GDP) 8.6 5.1 1.9 -1.2 -3.4 -3.9
Current-account balance (% of GDP) 8.1 7.8 5.6 2.7 0.1 -0.6
Commercial banks' lending rate 14.0 12.0 11.5 11.0 11.0 11.0
Exchange rate IR:US$ (av) 9,227 9,527 9,805 10,508 11,321 12,167

The government has also made a hash of monetary policy. Mr Ahmadinejad has called for a cut in interest rates to 12%. Lending rates are capped at 14% for state banks and 17% for private banks. The money and credit council, which is meant to set rates, said in April that they should not be cut this year because of high inflation and the risk of hurting private banks.

Long-term cuts are meant to help create jobs by encouraging investment in business. But with high inflation and the threat of more UN sanctions hanging over Iran's economy, most borrowers are likely to pump cash into the booming property market instead. Even if Mr Ahmadinejad decides not to insist on the cut, his intervention has further worried businessmen who think his indifference to the plight of private banks shows he is hostile to private enterprise as a whole. This week, in an unusually bold move, 50 economists castigated the president for what they deemed to be his dismal economic policies.


Click to view image: '89744-88315416_5f6949c433.jpg'

Added: Sep-2-2007 
By: Hanzmaster
In:
Iran, Middle East
Tags: iran, demise, economy
Marked as: approved
Views: 8456 | Comments: 15 | Votes: 0 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 1
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  • What's the regime policy to end their problems: WAR!!! You'll hear nothing from them except provocation until it finally happens. That's a promise. Just watch. This is exactly why I believe US invasion or attack is completely out of the question. Ahmgonnablowawad will eventually be forced out by his own people. And since he's a dictator the fallout will be from within.

    Posted Sep-2-2007 By 

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  • Comment of user 'IRAQI_TRANSLATOR_USMC' has been deleted by moderator!
  • Where's PressTV now?

    Posted Sep-2-2007 By 

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  • IRAQI_TRANSLATOR_USMC: "hahahhahah i love this pic."
    lol, good photo paint job....

    Posted Sep-2-2007 By 

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  • asscakes: "Where's PressTV now?"
    ROFL. They don't get paid to argue a point, just to pump out more propaganda. I'm sure a new branch will be created soon to deal with that part of their propaganda operation. You'll never see them in one of these types of posts though for now.

    Posted Sep-2-2007 By 

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  • they didnt have much to do to that picture

    Posted Sep-2-2007 By 

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  • Ahmadinejad is a puppet in my opinion to the mullahs..

    Posted Sep-2-2007 By 

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  • their economy is getting flushed!

    Posted Sep-2-2007 By 

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  • Iran and America are strangely similar...a chimp for the top job and a shitty economy!

    Posted Sep-2-2007 By 

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  • PutzwithNutz: "Iran and America are strangely similar...a chimp for the top job and a shitty economy!"
    haha i guess your the monkey...dosent the US have the strongest economy in the world...hmmm

    Posted Sep-2-2007 By 

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  • Poster101: "
    PutzwithNutz: "Iran and America are strangely similar...a chimp for the top job and a shitty economy!"
    haha i guess your the monkey...dosent the US have the strongest economy in the world...hmmm"
    He's a hater/dreamer disenchanted by his own failures, as usual. The USA has 8.9 million millionaires. Unemployment is so low in some places that McDonald's offers up to $15/hour plus benefits for cooks. Only excuse-making brats can't find jobs. Now I have heard of More..

    Posted Sep-2-2007 By 

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  • asscakes: "
    Poster101: "
    PutzwithNutz: "Iran and America are strangely similar...a chimp for the top job and a shitty economy!"
    haha i guess your the monkey...dosent the US have the strongest economy in the world...hmmm"
    He's a hater/dreamer disenchanted by his own failures, as usual. The USA has 8.9 million millionaires. Unemployment is so low in some places that McDonald's offers up to $15/hour plus benefits for cooks. Only excuse-making brats can't find jobs. Now I have heard of older people with no education having trouble, but, like all economic issues, it will resolve itself. Ah, the joys of a free market economy. The real estate slow down is making people who have money and were responsible a great deal of money. Nobody that makes money and sees the world outside their neighborhood believes people who say such stupid things."
    w More..

    Posted Sep-2-2007 By 

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  • Poster101: "
    PutzwithNutz: "Iran and America are strangely similar...a chimp for the top job and a shitty economy!"
    haha i guess your the monkey...dosent the US have the strongest economy in the world...hmmm"
    Strongest economy....built on credit,Chinese credit.China is 5-10 years away from becoming the strongest.Your minimum wage is pathetic compared to western Europe.Your levees suck balls,your health-insurance system is a joke.You are the one who needs to look beyond his o More..

    Posted Sep-3-2007 By 

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  • LMFAO!! Classic picture!!

    Posted Sep-3-2007 By 

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  • ^ Yea, its him all over lol.

    Posted Sep-3-2007 By 

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