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The stock market may be reaching new highs, but I would not suggest you take that as a proxy for your own investing in real estate. It took real effort, but Obama and Hillary managed to craft a foreign policy over the past four years which has accomplished the seemingly impossible, and it bodes very badly for where the world is headed and what could happen. That lack of leadership and the misaligned policy has managed to enrage our key allies in the Mideast –Egypt, Israel and Saudi Arabia.  It is unheard of for the Saudis to so publicly insult and turn on the US. They really need us for defense. But they have now concluded Obama is an unreliable and weak person and not a leader. The same for Egypt and Israel. They simply think Obama is unreliable, and is being mislead by Iran. Meantime an independent research group announced yesterday that Iran could produce a bomb in 30 days. Israel is screaming from the rooftops that the time has come. The Saudi actions at the UN and otherwise are screaming the same thing. Leaders in Congress are saying the same thing and demanding more sanctions. But Obama is not listening. He is going the other way on Iran.  The Egyptians have told us to go away. Israel is saying it is ready to act alone. Iraq is back to massive sectarian civil war like before the surge because the US went away for political reasons. Afghanistan is already deteriorating as US troops leave prematurely. Libya is a terror haven. Tunisia is collapsing again. This is going in a very dangerous way and the complete lack of US leadership is taking the world into an extremely high risk situation which could turn massively bad very fast. If that happens there is no way to predict where the capital markets go. Likely everyone buys treasuries and crawls in a hole.

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