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3-25-2020   Newshound Guru Breitling   ...we're looking for a long term trend and here we are.  I told you guys it was going to be $26 per barrel.  It's going to get there and it's going to be there a while.  That's going to put pressure on Iraq to add value to their currency...



3-25-2020   Newshound Guru Jeff  ...the whole rate change itself is about a 4-week process...the reason why we saw the country of Iraq shut down their financial markets is because they did start the rate change process that week.  Again it's a process.  It's not just an overnight flip of a switch.  They actually started the rate change last week - which is roughly week 1...we're now in week 2 so we have about two more weeks.  That would take us to a possible rate change period of somewhere around the weekend of April 12th which is Easter Sunday...



3-25-2020   Newshound Guru Pimpy  ...I believe everything is ready to happen.  They're just gonna come out and announce whatever rate change it is.  They're just gonna announce it.  It's gonna happen instantly.  Now that doesn't mean they won't have what's called a manage rate or "dirty float" and that is they're gonna manage it because if it's too much of a shock to the economy...

 

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