US exit sounds alarm bells

The slow agony of American defeat in Vietnam was intertwined with almost all the economic ills of the 1970s, the decade when capitalism veered off the rails and stock markets slumped.
So, with noises of US withdrawal from Iraq growing louder by the day, it has to be asked whether investors are pricing in the likely fallout as the world’s hegemonic power once again fails to impose its will in a region that contains two- thirds of all known oil reserves.

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