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Stock and Awe in Baghdad
Posted by: Lance on Friday, October 10, 2008

The Markets have spoken, the best place to invest in the world is...Iraq!


Now it’s stock and awe in Baghdad!

As the Dow plummeted nearly 700 points yesterday to fall well below the 9,000 mark, the Iraqi stock exchange - where this broker was merrily keeping up with her booming business - was flourishing, buoyed by four-year lows in violence and hopes of a reconstruction windfall.

Last month, Iraq’s general index went up nearly 40 percent, about the same percentage the Dow dropped over the past year. The jovial trading-floor mood is reminiscent of Wall Street’s bygone ‘greed is good’ era of the 1980s.
 
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Previous Comments to this Post 

Comments
Too bad about that surge, though...
 
Written By: Scott Jacobs
URL: http://
This morning CNBC had up a graphic saying that the market had lost $8.2 trillion since the beginning of the year.

Let’s see $8.2 trillion X 15% (long term capital gains rate) = $1.23 trillion capital gains loss
 
Written By: Neo
URL: http://
People complain about how much we have spent in Iraq, but if you think about it, this war could end up being a huge long-term financial investment.

1) Don’t forget that we’ve always had a military presence in the Gulf to reign-in Sadaam’s rogue regime and to enforce sanction. There was that massive airbase in Saudi Arabia, which is now dismantled, and we had to fly sorties every day. All of that was expensive too. Could we have sustained that over 20 years without escalation? Shit would have gone down eventuially

2) Iraq is no longer a drain on global wealth. It is producing now more energy and goods then ever before, project that outward and compare it to what Iraq would have been like if Saddam and his sons remained and we had to enforce brutal sanctions.

3) After drawing down our forces in the middle east, perhaps one day Iraq will be so effective at fighting terrorism they could be an ally like Britain and spend their own money on intelligence work that we would have had to, and help contribute to fighting the expensive war on terror generally.
 
Written By: Jimmy the Dhimmi
URL: http://
too bad iraq had a 50 percent unemployment rate last time i was there.
 
Written By: slntax
URL: http://
Well at least one of the colonies in our vast empire is functioning.

Joke.
 
Written By: Ronnie Gipper
URL: http://
too bad iraq had a 50 percent unemployment rate last time i was there.


Ahh. Leftist never tire of demonstrating stupidity.
 
Written By: Don
URL: http://

 
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