backdoc » December 16th, 2014, IMO....
WE HAVE EVERY REASON TO BELIEVE AN INTERNATIONAL RATE WILL ARRIVE ON TIME TO START THE YEAR OFF RIGHT!
AS THEY STATE, THEY ARE READY TO ACTIVATE THE AREAS OF THEIR ECONOMY!
HOW WILL THEY DO THIS? (See Article Below)
THE BANKS ARRANGE THE CONTRACTS BECAUSE THE FINANCING FOR THE CONTRACTS WILL GO THROUGH THEM!
THEY ARE MORE THAN READY TO GO!!!
THOSE ARE LONELY WORDS TO THE DOC !!! LOL
walkongstick wrote on December 16th, 2014, 11:02 am:Tuesday, December 16, 2014 17:54
Ebadi calls to speed up passage of the budget next year
BAGHDAD / Baghdadi Uz..daa Prime Minister Haider al-Abadi, Tuesday, everyone is to speed up passage of the budget next year to serve the Iraqi people.
A statement by the Prime Minister's Office reviewed / Baghdadi News / "The Council has continued to discuss the financial budget of the country through its Project 14, which was held today under the chairmanship of al-Abadi."
He called Abadi according to the statement everyone to "assume their responsibilities to pass the financial budget service to our people," pointing to
"the importance of reducing the fiscal deficit in the budget and maximize the financial resources to other sectors offset by reducing unnecessary expenses in order to improve the financial situation taking place in the country due to low oil prices and access to a new phase of integration and welfare check of his sons. "
"The government is seriously committed to the government program was announced and there are a lot of points that have been made during the last period, and there are persistent quest for full implementation of the government program."
The statement disclosed that "the Council of Ministers discussed the government program and what has been accomplished during the last stage, as the financial budget for next year discussed in 2015 and gave financial and oil minister and a report on the financial situation and the oil production of the country during the next phase."
He indicated that the Council of Ministers approved during its 14th meeting held on Tuesday, a project of the Federal Court Act and the amendment to paragraph 12 of the law.
backdoc » December 16th, 2014, 12:00 pm
WITH AN UNKNOWN BOTTOM IN OIL, THE PARLIAMENT WILL BE MOTIVATED TO PASS THE BUDGET AND OPEN THE MARKET ECONOMY TO DIVERSIFY REVENUES QUICKLY!
IF OIL STAYS IN CONTANGO WE WILL SEE A MUCH BIGGER PROBLEM GLOBALLY!
IT APPEARS RUSSIA WILL BE FORCED TO USE THE YUAN AS THE RUBLE COLLAPSES!
TODAY THE RUBLE IS DOWN ANOTHER 10% !
THIS IS A 58% DROP JUST THIS YEAR! WOW! DOC
walkongstick : Ebadi calls on everyone to assume their responsibilities to pass budget
By Mohammad Emad four twenty-two a.m. 12/16/2014 |
Brother - Baghdad
, Called on Prime Minister Haider al-Abadi, Tuesday everyone to assume their responsibilities to pass the state budget for 2015, while stressing the importance of reducing the fiscal deficit in the budget and maximize the financial resources to other sectors, said the government's commitment to the implementation of the government program.
A statement by the Office of the Prime Minister Haider al-Abadi received for News Agency (et) a copy of the "al-Abadi presented during the Cabinet meeting regular, on Tuesday, an explanation for the results of his visit yesterday to the United Arab Emirates, noting that" meetings and meetings with UAE officials were positive, showed their willingness to provide all kinds of support for Iraq in the security, political and economic fields and in different sectors.
He said Abadi, according to the statement that "The visit has opened the prospect of relations in earnest with the United Arab Emirates, which is part of the government's orientation toward improving Iraq's relations with the countries of the world in general and the particular area, which is based on mutual respect and non-interference in internal affairs."
He called on the Prime Minister in his speech during the meeting of the Council "on everyone to assume their responsibilities to pass the financial budget service to the people of the people," stressing "the importance of reducing the fiscal deficit in the budget and maximize the financial resources to other sectors offset by reducing unnecessary expenses in order to improve the financial situation taking place in the country, because of lower oil prices and access to a new stage of integration and welfare check to his sons."
Abadi pointed out that the government is seriously committed to the government program, announced that there is a lot of points that have been made during the last period, and there are persistent quest for full implementation of the government program.
backdoc » December 16th, 2014, 12:13 pm
THIS ARTICLE CONFIRMS MY POST FROM YESTERDAY! INTERESTING THIS SHOWS UP TODAY! DOC
Crude collapse prompts great rotation into cash
Jenny Cosgrave | @jenny_cosgrave
Despite the volatile swings in global equities, fund managers are still confident in stocks but the falling oil price is pushing them to add to their cash holdings, a leading industry survey has found.
Cash now makes up 5 percent of fund manager portfolios on average, according to fund managers polled by the Bank of America Merrill Lynch. Almost a third of those surveyed have hiked their cash positions and are now overweight relative to their benchmarks, as they close out commodity positions.
Some 36 percent of the 214 panelists surveyed for the bank's monthly fund manager poll, who are collectively running $604 billion, now view oil as undervalued following its recent price crash.
This reading is up over 20 percentage points since October and reflects oil's lowest level since 2009. Meanwhile, investors have bolstered their positions in European equities.
Read MoreBrent slumps to $59, WTI at $54 on oversupply
"We are seeing capitulation out of energy and materials to the benefit of the dollar, cash, euro zone stocks and global tech and discretionary stocks," said Michael Hartnett, chief investment strategist at BofA Merrill Lynch Research.
"The prospect of European Central Bank (ECB) quantitative easing (QE) has brought growing consensus on European equities, but the weakening business cycle and falling commodity prices are working against true earnings recovery," said European equity and quantitative strategist at the bank, Manish Kabra.
Brent crude fell below $59 a barrel and U.S. oil prices briefly dipped below $54 a barrel on Tuesday, extending a six-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to concerns about demand.
Star bond fund manager Bill Gross said he anticipates economic growth in the U.S. to fall to 2 percent next year as a result of the decline in the oil price and expects it will be "very difficult" for oil prices to stabilize.
"Oil determines currency movements; currency movements determine spread markets, risk markets, high yield markets, the potential for bankruptcy or solvency for not only companies but countries," Gross said in an exclusive interview with CNBC on Monday.
"There are oil producers in South America, such as Venezuela that certainly have that potential (of bankruptcy)," he added.
Read MoreGreece can't afford another crisis: Former PM
Investors see deflation as the big risk in 2015 according to some 69 percent of fund managers polled by BofA ML, as inflation expectations have now fallen to their lowest level since August 2012.
European economist at Capital Economics, Jennifer McKeown said the falling oil price adds to the already significant risk of deflation in the euro-zone, which ultimately strengthens the case for a full-blown bond-buying program from the ECB.
This, coupled with the recent resurgence of the economic crisis in Greece, increases the risk of deflation, supporting the view that "the ECB will announce sovereign debt purchases next month," she said.