Search
All times are London time
Log in
Most Popular Posts
- Further Reading
- If all else fails, devalue the dollar
- The doomed dollar?
- Further Reading
- The CMBS crash
- Stony broke - fresh rumblings from Northern Rock
- It's official, Goldman capitulates on oil
- Barclays bends (a bit)
- Great Britain alert
- CDS report: pricing in the Apocalypse
- Show more...
- Show less...
Blogs we're reading
- 1440 Wall Street
- Abnormal Returns
- Alea
- All About Alpha
- Arbitrage View
- Bespoke Investment Group
- Big Picture
- Brad Setser: Follow the money
- Bronte Capital
- Calculated Risk
- Capital Chronicle
- Capitalist Resistance
- Credit Writedowns
- Crossing Wall Street
- Deal Journal
- Dealbook
- Dealbreaker
- Derivative Dribble
- Deus Ex Macchiato
- Felix Salmon
- Financial Armageddon
- Financial Crookery
- Fintag
- Free Exchange
- Gregor Macdonald
- Infectious Greed
- Information Arbritrage
- Intelligent Mergers
- Interactive Investor
- Jeff Matthews
- LOLFED
- Marketbeat
- Money is the way
- Naked Capitalism
- Naked Shorts
- Nouriel Roubini
- Paul Wilmott
- Practical Risk Management
- Random Roger
- re: The Auditors
- Reuters DealZone
- Robert Peston
- Short Stories
- Sudden Debt
- The Aleph blog
- The Epicurean Dealmaker
- The Oil Drum
- The price of everything
- Ultimi Barbarorum
- Wallstrip
Classified Jobs
- Head of Finance - Europe
- Recruiter: Aioi Motor & General - supporting Toyota
- Finance Manager
- Recruiter: Blue chip Investment Bank
- Business Activity Accountant - Property
- Recruiter: Housing 21
- Group Reporting Accountant
- Recruiter: Housing 21
- Global Head of Finance
- Recruiter: Utilities and Energy Research House
- Finance Director
- Recruiter: Hi Tech, Engineered Products & Systems
- Associate Director of Finance
- Recruiter: Dudley Group of Hospitals NHS FT
- Finance Controller
- Recruiter: Mizuno
Site Navigation
Principal content
The other (unexpected) rally
This one in Iraq - and we’re not even talking about some sort of new military offensive.
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.
Who would have thought?
Related links:
Banana Republic of the United States of America - FT Alphaville
Iraqi datapoint du jour - FT Alphaville
- Advertise with the FT
- Press enquiries
- Student offers
- FT Conferences
- FT Research Centre
- Corporate subscriptions
- FT Group
- Partner sites: Chinese FT.com
- Les Echos
- FT Deutschland
- Expansion
- © Copyright The Financial Times Ltd 2007. "FT" and "Financial Times" are trademarks of The Financial Times Ltd. Privacy policy
- Terms
The poor things have got to go through all this in about 25 years time.
Baghdad stock exchange is the bomb!
You shure that’s not a life drawing class or a bookies?
ok let s invade the US to solve the problem……….
its because its old school. look at them, young chaps, white boards, shouting, crowded floor, tickets flying everywhere, hmm isnt it? even a cheeky lady getting involved.
silence or I’ll k*** you
i told you i told you!!