After his diplomatic open hand policy towards Iranian President Mahmoud Ahmadinejad was met with a clenched fist, Obama's attempt to convince the UN Security Council to pass "smart sanctions" against Iran has been checkmated by Iran's nuclear deal with its newest strategic allies, Turkey and Brazil.

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It was so un-silly so disciplined, smart and doable that I vowed one day to copy it.

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Putting the debt in U.S. dollars and possibly yen is smart and hedging the debt will limit currency fluctuations (note that un-hedged debt burnt many Thai corporates during the Asian crisis).

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