1-23-2012 Guru Doc
Hints To CBI's Strategy Revealed
The problem right now is that the CBI is constrained as to how fast it can move the rate due to chapter 7 and the lack of passed laws to support the ultimate RV value. Several articles gave an indication as to timing. The budget HAS NOT been approved and it was indicated it could be a month before it was. Erbil was also reported as being very close with a vote in Parliament 2-3 weeks away. The only reported timing for chapter 7 by the UNSC is June. The great news is all these issues are progressing and seem to have priority. Could they all resolve themselves this week - of course ! Will it happen this week - not probably given the past history of Parliament. We maintain that the minimum time for resolution of these issues is mid to late February. We report, you decide.