Iraq as Ultimate Uncorrelated Investment

Quote of the day goes to this piece in Bloomberg on how Iraq bonds are outperforming those of Ohio banks. It is, in some surreal sense, the ultimate uncorrelated investment — which means it belongs in your portfolio, of course:

Iraq provides some insulation from the market. The risks are so idiosyncratic that it trades on its own drivers.

Load up.

[via Bloomberg]

Related posts:

1. Uncorrelated Correlated Hedge Funds
2. Break Point in Iraq
3. Rory Stewart on Iraq
4. Mortality in Iraq
5. Statistics: Einstein’s Errors, Reversible Markov in Iraq, and Chocolate Chip Cookies