Latest topics
More BGG "I RemainBullish" 9/30/17
2 posters
Page 1 of 1
More BGG "I RemainBullish" 9/30/17
by roxy22222222 Sat Sep 30, 2017 8:41 pm
I...remain bullish, in spite of what seems to be a never-ending Gerbil wheel we are on. I feel this way because of several reasons but I have one “bottom line” reason which concerns both the CBI and Iraq.
1) The Central Bank continues to keep this financial boat trim with auctions and such but it comes at a cost. This cost is reducing their reserves.
A) Each day as Iraq spends to rebuild and spends to cover debt it gets worse.
B) I feel there is drop dead “time-frame” for this country. It might be weeks or months. There is no way to know. Further, there is a point at which they will face daily – the choice of bankruptcy or getting off the program rate.
C) Trying to make their play dough work is sapping reserves.
As such, I remain bullish...
1) The Central Bank continues to keep this financial boat trim with auctions and such but it comes at a cost. This cost is reducing their reserves.
A) Each day as Iraq spends to rebuild and spends to cover debt it gets worse.
B) I feel there is drop dead “time-frame” for this country. It might be weeks or months. There is no way to know. Further, there is a point at which they will face daily – the choice of bankruptcy or getting off the program rate.
C) Trying to make their play dough work is sapping reserves.
As such, I remain bullish...
roxy22222222- GURU HUNTER
- Posts : 2881
Join date : 2015-04-20
Re: More BGG "I RemainBullish" 9/30/17
by Sam I Am Sun Oct 01, 2017 12:21 am
Further, there is a point at which they will face daily – the choice of bankruptcy or getting off the program rate.
False choice. They can only change the "program" rate if they have the reserves to justify it, and as BGG said they're depleting those reserves.
False choice. They can only change the "program" rate if they have the reserves to justify it, and as BGG said they're depleting those reserves.
*****************
Busting Gurus Since 2011
Sam I Am- GURU HUNTER
- Posts : 1762
Join date : 2016-01-21 -
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Phony Tony sez: Full Steam Ahead!
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
» Russia aren't taking any prisoners
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
» ZIGPLACE
» CBD Vape Cartridges
» Classic Tony is back
» THE MUSINGS OF A MADMAN
» Minister of Transport: We do not have authority over any airport in Iraq
» Did Okie Die?
» Hello all, I’m new
» The Renfrows: Prophets for Profits, Happy Anniversary!
» What Happens when Cancer is treated with Cannabis? VIDEO
» An Awesome talk between Tucker and Russell Brand
» Trafficking in children
» The second American Revolution has begun, God Bless Texas
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
» Tucker talking Canada
» Almost to the end The goodguys are winning