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Clarity comments on Open thread, Jan. 18 - Jan. 24, 2016 - Less Wrong Discussion
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Only two nuances:
- Venezuela is / will very shortly also experience political instability;
- Iran has just seen heavy international sanctions lifted, so while its oil will be valued less than it could have been, it will still provide a push to the economy.
Finally my readings of Stratfor Wikileak documents about Venezuala are topical!