MORGAN STANLEY: "Iran is the biggest thing for the global economy since the Berlin Wall fell&qu
Iranian President Hassan Rouhani during a news conference on the sidelines of the 69th United Nations General Assembly at United Nations Headquarters in New York on September 26, 2014.
Iran is entering the global economy, and some investment-bank analysts are starting to get pretty excited.
Most outsiders see Iran as an anti-Semitic Islamic state run by extremists who tolerate terrorism (as long as it's not in Iran).
But Iran is also the last large, modern, educated economy that is locked out of the global system, and the biggest one to reenter it since the end of the Cold War.
Here's a snippet from a note the researchers emailed out this week:
Iran is the largest economy to return to the global fold since the break-up of the Soviet Union and similarities include the complexity of the sanctions regime involved, the attempt at political rapprochement with the West and Iran's vast energy wealth.
They're not the only ones getting excited. Car companies are eager to get involved, and we spoke with the man who quit Deutsche Bank to set up the first Iranian private-equity firm that's able to take foreign investment.
