Wed. 10 July 2024 MarkZ
“It is busy on the Bond side, but no one is talking. A number of my Bond Holder contacts have gone quiet. One said he was told he would be liquid this week.”
Sat. 6 July 2024: “More and more sources are telling me that serious money movement and us moving towards the banks somewhere around
the weekend of Fri. – Mon. 12th-15th. No one knows the exact timing but they are certainly preparing lots of bank contacts for that time period.”
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“Vietnam targeting Q3 GDP growth of 6.5%-7%, inflation below 4.5% PM says” And this is just the third quarter. They are obliterating the US…this is big…and they are under pressure to raise their exchange rate.
[Reference Frank26 post 7-8-2024 re: HCL below] I will agree with that. And it certainly matches with some of the news I got from Iraq today. I was told from day one that when we see the HCL…within hours - we will see the new rate.
My contact in Iraq works in a government position. He has made the comment that they have a new rate…and will activate it soon. That comes directly from Iraq.
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