Even the markets in Iraq are expecting the fall..
The bull market in Iraq..
<<What had driven November's bull market, Abu Zaki said, was that Iraqis had discovered "underlying asset value" in everything from the dismal, concrete-block hotels in Baghdad that have been empty for years, to fisheries on the Tigris and Euphrates that sell their catch at rock-bottom prices ? just the sort of businesses that might boom if Iraq found itself under a government that ended its estrangement.
It is, of course, possible that investors now crowding the exchange see the United Nations' renewed search for banned weapons as a way for Iraq, and Mr. Hussein, to escape the economic cul-de-sac in which it has been trapped for two decades of sanctions and war. If inspectors and outside intelligence turn up nothing, the country and its ruler could be free of the inspections, and of sanctions, as early as next fall. >> |
