Bondlady says Abadi is definitely on the right track for everything we wanna see...

 Newshound Guru Bondlady  

 so next the budget goes into the gazette and if no one contests it for I think 15 days then it'll open...lets go over some of the things Iraq still needs to do now that the budget has been passed...the economic laws are most important as they need to protect and support the reform we are witnessing.

 [do you think we will see the investment law?]  yes, they are working on the amendments to it now. ...and with the auctions being low that could be very telling as to what the CBI is doing, dedollarizing and capping the daily auctions at $75 million...we never saw that before ever... that would be the beginning of monetary change to me...the CBI reserves are the best in the world and they could cover the dinar 1 and a half

  ...I just don't know if they could pull off and support a reinstatement of the old rate 15 years ago. 

[I think imo it has to be around kuwaits...]   they have to be able to sustain whatever the rate is... I can't see how they could sustain an RI at this point.

 [do you think they can handle a 1.00 rate?]   I feel they could...or come really close to it if in fact they are trying to dedollarize like I'm assuming they are trying to do with the capping of the auctions at 75 million per auction and paying everything in dinars.  Abadi is definitely on the right track for everything we wanna see...

I question Bondlady's qualification to speak about economics, but it sounds plausible given that I am completely ignorant

Bondlady and tlm23 have been right on the money since they started giving out information, and they haven't been wrong, maybe misguided a couple of times, but they are right with info 99% of the time-I have gotten her info, and her
e-mails since 2010, and have followed her info explicitly-

Bondlady is one of the very few I actually listen to. I have never known her or her people to hype things or go off half cocked. I happen to agree, things are on the right track .... except perhaps, the price of oil. I do not think that the rapid and extreme drop was something anyone had anticipated or allowed for. BTW, it was up slightly at market's close on Friday to 47.50/BBL (I might be off a little on the change.)