MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Hello Mark MODS and Everyone
Member: Mark, How is your gut feeling about this upcoming week?
MZ: I was excited last week because I was told things should start ripping 2 days after the election. Well its now 2 days after the election and I cannot reach a single bond contact. I don’t know what this means – but my gut is hoping they are processing bonds. If they are- we will know soon.
Member: Mark has always said 3 days after he hears the bonds go we would get our notice for 4B
MZ: “Parliament decides to extend its legislative term for 30 days” they have a lot of important things to take care of. And they are dedicated to getting them done and out the door.
MZ: “Parliamentary oil : Gas licensing rounds will supplement the financial budget” They are talking about 3 million cubic feet a day.
MZ: “ The central bank has an unprecedented record of sales of the dollar” When they sell the dollar – they are pulling dinar off the streets. The auction today was $300 million dollars . This is huge.
MZ: Port of Faw is open…..5 of the berths are open. Open, functioning and operating.
Member: Wasn’t there a deadline for December 10th? what should mean it should be wrapping up now
Member Sudani said that the monetary reform would be done by Victory day- Which is Dec. 10.
Member: I sure wish Iraq would just go alone with the RV…….even at a 1 to 1 rate….it would sure help many of us tread water in this terrible economy.
MZ: “The Federal Reserve cuts interest rates for 2nd straight meeting” They just committed to higher inflation.
Member: I heard there will be no RV until 2025
MZ: I have not heard that…None of my sources agree with that. They are going to float all kinds of rumors to cloud the timing.
Member: Unless they won’t release it until after the inauguration on Jan. 20th….which is about 60 days or so.
Member: Veteran’s Day is Monday All
Member: I am always very hopeful on 3 day weekends….someday, somebody will be right.
