And In Iraq, The Market Is Up

[DogPoundPup]

Source: CBS News

Down a filthy side street in the Karrada area of Baghdad beats the heart of Iraq’s economic revival.

It takes patience and a skillful driver to weave past trash-filled puddles and between tall walls of concrete security barriers to eventually find the Iraqi stock exchange. Wall Street it ain’t, although the amount of concrete could probably build a few American skyscrapers.

In the lobby of a former apartment building sits maybe the most antiquated exchange in the world. No electronic boards here, no computer terminals.

No worries, either. The Iraqi market may be the world’s only market to post a gain over the last year. Why? A couple of reasons.

Read more: http://www.cbsnews.com/stories/2008/11/15/notebook/main4606816.shtml?source=RSSattr=HOME_4606816

[Rage for Order]

1. No suprise there

Given where the country and its economy has been for the past several years, there really is almost nowhere to go but up. Our current economic problems are a cakewalk compared to Iraq's situation in the last few years.