Stock and awe in Baghdad

By Edward Barrera on October 10, 2008 8:53 AM | |
While the rest of the world comes crashing down, (except for Warren Buffet, of course) Iraq's stocks have risen 40 percent. Will we get any credit for that? Unlikely, methinks. Best quote:
"You can't have a totally free market. You have to have rules. From what I understand of why the credit crisis happened, I can only describe their administration as stupid."
- Oh, now they're all knowing.

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Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.

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Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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This page contains a single entry by Edward Barrera published on October 10, 2008 8:53 AM.

What's with the $25 billion? was the previous entry in this blog.

Market losses continue is the next entry in this blog.

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