"Altruistica": Seeking a return to full financial disclosure and regulatory oversight. A financial market analysis blog for "entertainment purposes" only by an experienced CFA seeking new hedge fund engagements for investment writing and analysis. The author has experience investing internationally, running a hedge fund, making angel investments, and helping launch five startup companies. Investors should do their own due diligence.

11 January 2007

Vote of Confidence?? Market Ignores ALL

US Sec of State Condy: Iraq PM is 'on borrowed time', BBC
Condoleezza Rice at Senate committee hearing
Ms Rice was pressed by senators about her confidence in Mr Maliki. US Secretary of State Condoleezza Rice has said that Iraqi PM Nouri Maliki is living on borrowed time", but that she is confident he can give Iraq security. Ms Rice was testifying to a Senate hearing about President Bush's new Iraq strategy, announced on Wednesday. Democrats and some Republicans in Congress have criticized the plan, with one senior Democrat, Senator Joe Biden, calling it a "tragic mistake". As part of the plan, Mr Bush will boost US troop numbers by more than 20,000. Later Defense Secretary Robert Gates promised to increase the overall strength of the armed services by recruiting an extra 92,000 troops.

But how come no one in finance world listens to one sane voice- REPUBLICAN Senator Chuck Hagel??

"I think this speech given last night by this president represents the most dangerous foreign policy blunder in this country since Vietnam if it's carried out. I don't think anybody has a definite idea of how long a surge would last," he told a news conference. I think for most of us in our minds we're thinking of it as a matter of months, not 18 months or two years." He added that the US could revise its plan if Iraqi leaders failed to keep to its commitments. "The timetable for the introduction of additional US forces will provide ample opportunity early on, and before many of the additional US troops actually arrive in Iraq, to evaluate the progress of this endeavour and whether the Iraqis are fulfilling their commitments to us," he said.

Welcome to a Middle East War...

Earlier, Ms Rice warned that the US would take action against countries destabilising Iraq. Her statement came hours after US forces stormed a building in the northern Iraqi town of Irbil. Iran said the target had been its consulate, and several Iranians had been arrested. Tehran has condemned the raid. ON TO IRAN !!!


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