[via PDK] Some fun stuff out of Iraq this morning: “Iraqi Economist warns of possible dinar devaluation amid fiscal pressure” This is very similar to what we saw in Kuwait. Iraq has already told us they would not go there. But these are the kind of stories they run before RVs…we saw the same thing in China as well. : MarkZ
MarkZ notes warnings of dinar devaluation resemble pre-RV narratives seen previously in Kuwait and China.
