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BREITLING Opinion - Monday Morning @ 11:15 CST - 3/09/2020

ronscarpa
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ronscarpa Grand Master

ronscarpa

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3-9-2020   Newshound Guru Breitling   ...the coronavirus...I've literally had people go nuts on me...here's the thing, it's completely opposite.  The markets are driving oil prices down.  The demand for oil is going down.  Therefore Iraq is not bringing in enough U.S. Dollars to cover their budget, and the solution is to add value to their own currency which is undervalued anyways.  What do you think the coronavirus is gonna do?  Do you think it's going to stop that or accelerate that? ...the reality for Iraq, if it puts pressure on their economy, then it's going to lead to our advantage.  They need to add value to their currency to make up for what's being lost market wise...:twothumbs:

 

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