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Not-So-Hidden Agenda: -- though provoking report
From: Dave Farber <dave () farber net>
Date: Thu, 20 Mar 2003 08:05:45 -0500
Also Barry sent the following item on email address use: "Of course: We have a strict privacy policy regarding email addresses: They will not be shared, sold or used in any other capacity other than to mail out the report. All of my office emails include a paragraph about subscribing to our market commentary (its free), with an address to request a subscription. " ------ Forwarded Message From: Barry Ritholtz <ritholtz () optonline net> Date: Thu, 20 Mar 2003 06:30:08 -0500 To: dave () farber net Cc: MarketCommentary () maximgrp com Subject: Not-So-Hidden Agenda: Hi Dave, I previously mentioned my office was developing a research report regarding the strategic and economic impact of a U.S. led Invasion in the Middle East. The focus was to analyze underlying potential rationales for a military invasion (as opposed to the less credible reasons offered publicly) . The intended audience is our institutional clients, about half of whom are European. It went out yesterday afternoon. I received permission to distribute the full report to "select groups." If you choose to CC this, I will arrange to have it emailed to any IPers who ask for the report (about 10 pages). Send a request to <britholtz () maximgrp com>, with "War Analysis" in the subject line. Please specify MS Word doc or Adobe PDF. ABSTRACT: A strategic assessment of the imminent War and its economic impact, based on "open source" materials. Several unexpected conclusions are reached: First, the explanations offerred by the nation's leadership for military action is inadequate to explain the US commitment to invasion. Second, by "reverse engineering" the strategic decision making process, we learn there may indeed be compelling reasons for invading and occupying Iraq. These findings lead to the conclusion that any U.S. military presence in the Middle East is likely to be a large scale, continuing operation. The subsequent occupation of Iraq may last several years, and continue for a decade. The cost for this effort could scale up to one trillion dollars by 2011. Lastly, we attempt to assess the impact the War will have on the equity and fixed income markets; We also apply those findings to specific market sectors and industries. Finally, we suggest how asset managers may wish to position their portfolios in the months and years ahead. Please call with any questions you may have. Barry L. Ritholtz Chief Market Strategist Maxim Group < britholtz () maximgrp com > (516) 918-5529 ------ End of Forwarded Message ------------------------------------- You are subscribed as interesting-people () lists elistx com To manage your subscription, go to http://v2.listbox.com/member/?listname=ip Archives at: http://www.interesting-people.org/archives/interesting-people/
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- Not-So-Hidden Agenda: -- though provoking report Dave Farber (Mar 20)