No confirmed PM, no HCL shepherd. No HCL, no rate, no RV…Iraq is assembling the political end. The US is assembling the financial end. Cabinet by May 27 unlocks HCL. HCL unlocks the rate. The rate clears into the US plumbing finishing in May. The CBI’s “working in silence” posture is reserves-protection, the same posture al-Alaq ran in 2014 when the room got tight, which says the bank is preparing the balance sheet for whatever the cabinet ratifies. :Reset Intelligence
