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RE: Down goes the Dow

that's worth a read

the central argument is that investors ignore war/military issues too often and focus too much on purely economic.

Niall Ferguson argues that Obama's retreat from worldcop status is a main reason for the slow economic growth. Fergesun thinks you need the stability given by hegemonic leadership for companies to trust enough to invest.

I never really thought of that - not sure I agree but interesting idea.

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