Pimpy

  In Pimpy's Investment Chat 

There’s good news…Article: “Parliamentary Finance: High oil prices will eliminate the need for loans”  That’s right clap your hands!  Thank God.  Seriously.  We don’t want Iraq taking loans out because then you become beholden to the lender.  Whether it’s the IMF or the World Bank or China… Quote:  “…high oil prices will cover the operating budget deficit without going to internal or external loans.”  What does this mean?  If you’re able to cover the deficit, able to get back on track, you’re implementing new programs, well maybe you don’t need to wait 3, 4, 5 years for a rate change.  They’re recovering a lot faster than people think.  This type of news is good.

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