Reignofheaven: I am personally of the opinion that zim is going to work far differently than the rest of the basket. Since it's not a currency I don't see how the banks are obligated to exchange it or abide by certain rules. In other words if you have 1000 100t notes they might require you to keep a large portion of it in the bank is order tonprocess you. The zim isn't on the open market so the ball is in their court.
CalGoldy2: I wonder what AdminBill means that....to him it is TOO early for the internet group? Link
ReignofHeaven: CAL because the timelines was before the election. If you take that right to the wire, and take the old timeline of about 3 days to get all of us first responders through, that would mean we can expect to go around the 5th. We're still a ways out from that….. That's my personal opinion btw, Bill didn't say that.
Graciella: Elmer , do you have any news/clues for us today???
Elmerf123456: Haven't heard directly from my contact but so much out there! Lots of news on currencies, china, European market issues. Good stuff.
SassyD: Deutsche Bank: Corporate Rap Sheet --
rcookie Article: "Money experts discuss ways to get rid of the economic crisis in the province and the center" Quote: "The first session included numerous interventions made by Messrs participants from various official economic actors and university professors."
LOOK AT THIS MEETING AND THE ACTORS...MINISTER OF PLANNING JUMAILI...CBI GOVERNOR ALAK... FINANCIAL ADVISOR TO PM SALEH...KURDISTAN PLANNING MINISTER DR NABI...MINISTRY OF FINANCE UNDERSECRETARY HANDAL...HEAD OF IRAQI PRIVATE BANK ASSOCIATION ALATERCI...
ALL MEETING AT DOHUK UNIVERSITY WORKSHOP TO DISCUSS THE ROLE OF CENTRAL BANK IN RESOLVING ECONOMIC CRISIS IN REGION AND THE COUNTRY...WOW!
PappaJ: FRANKIE, NEED SOME CLARIFICATION ON THIS ONE!!!!! THE CENTER???? PJ
Frank26: Like a Hollywood script ................ Said TWO weeks ago to give them until the end of October which is ..........In TWO more days Sir ................... IMO and ................. Theirs. …. We know ............. So did TEAM CHAT last night .......... Even posted we have flag in WEST two days ago ............. IMO it is all over Iraq................ They Know.
Samson: Federal Police flying the Iraqi flag over the hand ] advice center
Federal Police flying the Iraqi flag over the hand] advice center29/10/2016 14:24
Raised the federal police forces on Saturday, the Iraqi flag over the hand ] advice southern Mosul , the center of Nineveh province.
He said the federal police captain Raed Shakir Jawdat said in a statement posted on his sites social networking [Facebook], that " the federal police forces raised the Iraqi flag on the hand ] advice center and the building of the municipal council south of Mosul."
The federal police have stormed the hand ] advice of four views.
Don961: Urgent .. Iraqi forces control complete control of the "advice of Mosul"
Saturday 29-10-2016 | 3:24:00
Twilight News / announced media-Harbi cell from the provisions of control of the town south of Mosul] advice from the grip Daesh.
According to a statement of the cell responded to Twilight News, the troops liberated the entire] advice, and raised the Iraqi flag on all government centers where.
He added that Iraqi forces are becoming convergence of four hubs south of Mosul.
Jay: Subtle hints at the center of Mosul having flags placed on government buildings...IMO.
Saying Mosul is done WITHOUT saying its done...??? Confusing at best...imo. But great news.
MagLiteParty: I read this article and thought of Backdoc's commentaries about companies buying back their own stocks to reduce debt before the great "re-pricing". seems to be lining up with what we are witnessing in Iraq and their Monetary Policy.
Stock buyback binge running out of steam?
Google parent Alphabet (GOOGL) announced a $7 billion buyback yesterday after the close. That got a lot of attention, but the buyback trend has been declining all year.
That $7 billion buyback would reduce Alphabet's share count by about 1.4 percent if fully implemented. Alphabet buys back shares fairly regularly in the last year ... about $5.5 billion in the last three quarters.
Still, buyback activity has been muted recently. Announced buybacks are down 30 percent for the first 10 months of the year compared to last year, according to TrimTabs.
And actual share repurchases — what companies are really buying back, rather than just announcements — in the second quarter were down 6.8 percent compared to the same period last year, the smallest quarterly buyback total since the third quarter of 2013, according to FactSet.
It's not any better in the third quarter. With almost half of the companies reporting for the third quarter, actual buybacks are down 6 percent from the second quarter, and down 26 percent over the same period last year, according to S&P Dow Jones Indices.
Why would companies slow the pace of announcements and actual buybacks? It's possible they see a better use for the money and are diverting funds elsewhere, but there's not a lot of evidence for that. Capital expenditures are certainly not increasing.
Many companies fund buybacks through free cash flow (some borrow money). "If companies are using a portion of their free cash flow to buy back stock, and there's lower levels of free cash flow, they will likely buy less shares back," Charles Biderman from TrimTabs told me.
That is certainly true, but Howard Silverblatt — who tracks buybacks and cash flow at S&P Dow Jones Indices — said that was unlikely to be the culprit. "Cash flow was not that bad in the second quarter, he told me. "They definitely have the money if they want to use it."
Silverblatt instead suggests that a spike in buyback activity at the end of 2015 and early 2016 has now abated toward more normal levels. "Many companies likely overspent in the early part of the year as prices dropped, and there is less room for additional purchases," Silverblatt said.
Regardless of the cause, buybacks remain a popular way of pleasing shareholders. About 70 percent of the S&P did buybacks last quarter. The biggest buyback spenders were Apple (AAPL) and General Electric (GE), both of which reduced their shares outstanding by several percentage points.
That's not uncommon. Twenty percent of the S&P 500 reduced their year over year share count by more than 5 percent in the second quarter. The overall share count for the S&P 500 was down about 0.7 percent compared to the same period a year ago.
Still,the reduction in buybacks — even from a higher level — bears watching, since buybacks represent a significant source of potential buyers. We've already seen hedge funds pull back, forced to do so by redemptions. The average investing public are turning into passive investors. Buybacks are still a significant source of stock buying.