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“RV Rates and Inversion” by David Harkness – 6.30.22


Entry Submitted by David Harkness at 6:56 AM ET on June 30, 2022 When people talk about the RV expected rates the Gurus forget about inversion rates. For example the Gurus  mention the expected rate for the Dong $2.30  this should be 2.30 Dong  equals 1 USD  or in fact  you divide 1 into 2.30  equals 0.4484c USD . Then they  say  for Iraq Dinar $6.00 to $11.00  again inversion is 6 to 11 Dinar to 1 USD or 0.16c to 0.0909c USD . The truth is Fed Treasury prints a page that includes EME pricing means emerging market economies…

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