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Is the Surge Working? Iraqi Bonds Say No.
by Zubin Jelveh
Sep 14, 2007
Sep 14, 2007
Gen. David Patreus' testimony this week left the impression that the ramp-up of U.S. troops in Iraq has had mixed results.
And looking at a group of commonly-cited indicators on the war's progress would leave one to conclude much the same, says M.I.T.'s Michael Greenstone.
But an arguably much better indicator for the potential success of the surge is how investors are betting on its outcome. More on that in a bit.
Greenstone examined trends in Iraqi oil production, electricity use, and casualties before and after the "surge" started. He found:
...
And looking at a group of commonly-cited indicators on the war's progress would leave one to conclude much the same, says M.I.T.'s Michael Greenstone.
But an arguably much better indicator for the potential success of the surge is how investors are betting on its outcome. More on that in a bit.
Greenstone examined trends in Iraqi oil production, electricity use, and casualties before and after the "surge" started. He found:
...
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