Thursday Early Afternoon Opinion - 12:00 PM CDT - 4/21/2022

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 

 

 

** Godlover   [Comment from Frank26:]"INSIDE OF THIS MONTH OF APRIL...IN MY VERY STRONG OPINION, SOMETHING MAJOR WILL OCCUR INSIDE OF IRAQ..."  Hopefully this be a new seated government, or the current caretaker government will have been voted by parliament to remain another year or so per many articles. Then they will have the authority to send the general budget to parliament. Or could this be about the new food security law that has been a very hot topic of late? Time will tell.
 

 

** Pimpy  Article: "70 private banks in Iraq - and the World Bank expects it to be ranked first in the Arab world in growth" Yes, the World Bank is saying that Iraq is going to be #1 in terms of GDP growth verse the rest of the Arab world which is outstanding news...this is exactly what you want, huge growth, stable government, a bigger private sector, less reliant on oil.  This is great news. This looks very good as long as they can stick to reforms, don't rush the exchange because if you do it could be a setback and they will end up waiting years.

 

 

[trvlr787]

Pimpy makes a good point. Don't rush it. My college Econ professor always emphasized too much money chasing too little inventory is disastrous for inflation which would be terrible for Iraq's economic inflation. Let them set the price at a reasonable rate and let it grow. To hell with what some of these gurus try to push ie $3, $4+  The one thing I am uncertain on is how much currency they REALLY have in circulation. If anyone does know for sure please chime in.