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 Kaperoni "We Don't Want a Managed Float" 11/29/17

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PostSubject: Kaperoni "We Don't Want a Managed Float" 11/29/17   Wed Nov 29, 2017 9:31 pm

Article:  "Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction"    My take on this...the IMF is warning Iraq that if you continue to let the reserves erode you will risk the collapse of the economy. More importantly it once again confirms the plan to float the dinar.   ...we don’t want a managed float or a peg...we want the global financial system to set the rate. And that only happens with a free float. Iraq needs to create momentum, then they can let it go and watch it rise.
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PostSubject: Re: Kaperoni "We Don't Want a Managed Float" 11/29/17   Wed Nov 29, 2017 11:29 pm



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PostSubject: Re: Kaperoni "We Don't Want a Managed Float" 11/29/17   Thu Nov 30, 2017 9:57 am

One of the only 'floats' we all want to see is you floating 'tits up', 200 miles off the coast of California, how's that for a float? hemademe sarcastic affraid  getout - couch
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PostSubject: Re: Kaperoni "We Don't Want a Managed Float" 11/29/17   Thu Nov 30, 2017 12:58 pm



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PostSubject: Re: Kaperoni "We Don't Want a Managed Float" 11/29/17   Thu Nov 30, 2017 1:30 pm

Yep!! Exactly!! :winky winky:
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PostSubject: Re: Kaperoni "We Don't Want a Managed Float" 11/29/17   Thu Nov 30, 2017 8:19 pm

Whether we want it or not is irrelevant.  The only thing that matters is what the CBI wants, and they want exchange rate stability.  The only way to have that is with a managed float.  So that's what we'll be seeing for the next ten or twenty years IMO.

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PostSubject: Re: Kaperoni "We Don't Want a Managed Float" 11/29/17   Thu Nov 30, 2017 8:36 pm

Since the Article IV consultation was invoked, I'll just mention that they state that the Dinar is appropriately pegged (their words, not mine) to the USD. What they do not suggest or recommend in any way is any change to that peg.

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Kaperoni "We Don't Want a Managed Float" 11/29/17
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