Thank you for sharing!

Your article was successfully shared with the contacts you provided.

At the moment the black swans are swarming once again. There are several unfolding events in the Mideast which can explode into war at any moment. Israel is on the verge of attacking Gaza again, and this time it may be the all out expungement of Hamas. That could bring in Hezbollah who might try to launch rockets to help Hamas. However, if Israel does wipe them out, then there is a high probability Fatah takes over Gaza again and then maybe peace has a chance between Palestinians and Israel.

The Iranian economy is collapsing fast, street protests are growing weekly, and the real sanctions on oil and banking have not yet begun.  When those are in place in November, Iran cannot sustain itself.. The economy will fully collapse and neither China nor Russia will be able to bail them out. That is when the people will rise up and civil war will occur. It is very likely Iran will strike out with attacks on oil tankers, but this time the US, Israel, Saudis and UAE will attack and destroy the Iranian navy and missile bases. This will be the big war, and it will encompass much of the Mideast. Hezbollah will surely attack Israel to help its benefactor. Assad will stay out as he does not want to start a war with Israel or the US. Russia will stay out of it. They will not get into war with the US over Iran. There is a high likelihood of regime change in Iran in 2019. If Iran goes down, so does Hamas, Houthis and Hezbollah.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Joel Ross

Joel Ross began his career in Wall St as an investment banker in 1965, handling corporate advisory matters for a variety of clients. During the seventies he was CEO of North American operations for a UK based conglomerate, and sat on the parent company board. In 1981, he began his own firm handling leveraged buyouts, investment banking and real estate financing. In 1984 Ross began providing investment banking services and arranging financing for real estate transactions with his own firm, Ross Properties, Inc. In 1993 Ross and a partner, Lexington Mortgage, created the first Wall St hotel CMBS program in conjunction with Nomura. They went on to develop a similar CMBS program for another major Wall St investment bank and for five leading hotel companies. Lexington, in partnership with Mr. Ross established a hotel mortgage bank table funded by an investment bank, and making all CMBS hotel loans on their behalf. In 1999 he formed Citadel Realty Advisors as a successor to Ross Properties Corp., focusing on real estate investment banking in the US, UK and Paris. He has closed over $3.0 billion of financings for office, hotel, retail, land and multifamily projects. Ross is also a founder of Market Street Investors, a brownfield land development company, and has been involved in the acquisition of notes on defaulted loans and various REO assets in conjunction with several major investors. Ross was an adjunct professor in the graduate program at the NYU Hotel School. He is a member of Urban Land Institute and was a member of the leadership of his ULI council. In 1999, he conceived and co-authored with PricewaterhouseCoopers, the Hotel Mortgage Performance Report, a major study of hotel mortgage default rates.

More from this author

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.