Saturday, July 13, 2024

RV UPDATE BY MARKZ, 13 JULY

 MarkZ 

  [via PDK]  Article: “Plenty of room for Vietnam to bolster exports to US” A great little piece about how they have room to greatly improve exports to the US and help that void we are getting in the Chinese markets. And we continue to hear they need to raise their currency…as it is under valued.

 …everything is done and they are waiting for a “go”....I am hearing the same thing from the banks and group leaders. Hearing the same thing from Iraq…and from military contacts over here...the same thing from all contacts...I will take as a positive.

 MARKZ
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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