Follow the Money :: New York Sun Editorial

While the Democrats in the Congress were calling General Petraeus a liar for arguing that things were getting better in Iraq, one of our favorite publications — Grant's Interest Rate Observer — was circulating around town with a cover story called "Strongest currency, best bourse." It turns out that is in neither Switzerland nor Britain nor Japan nor America but Iraq, which, Grant's reports, "has turned into a capital magnet." Says it: "The only thing stronger than the Iraqi currency is the Baghdad stock market." And it adds this classic Grantian formulation: "Money is sometimes misinformed, but it is never insincere. Something is afoot in Iraq.

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