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Global Market Brief: The Calm Before the Storm
August 10, 2003 2235 GMT
The first week of August 2003 behaved as an August week should. Europeans quietly went off on their vacations, and even Americans seemed to take some time off -- albeit frantically checking into their office email, voice mail and key web sites. The markets still have not absorbed the important news: The United States is involved in a world war and for the moment, it is not going particularly well.

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