Investors should be prepared to ride out the inevitable oil price hikes and market turbulence if US goes to war
Some 12 years ago this month, Iraq invaded Kuwait and within a year a significant chunk of the world was at war with President Saddam Hussein. Apart from driving Iraqi forces out of Kuwait, the whole exercise proved inconclusive and, for the US at least, has rankled ever since. President George Bush Snr, then in the White House, has passed on to his son the burden of unfinished business. Fears about a possible US action against Iraq have been hanging over the markets for most of the year but last month President George Bush Jnr revived the idea of 'regime change'. He wants a new order in...
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