SassyD: The ISX has been dropping from the high 900's until last Thursday...... it was 650 something on Wed. ... UP on Thur.... BOOMED again today !!!... Seems Investors have are feeling good about Iraq's future !!!.....Link .
Iko has said that the ISX may be our first indicator of the RV coming to us VERY soon !!! ...
The ISX (Iraqi Stock Exchange) has been falling for months.... from a high of 1002, down to about 650 lat Wed..... Thursday a big jump upward.... Today another big jump upward !! .... Investor must be feeling HAPPY about Iraq's future !! Wonder how many of those investors are from the US ?????
I thought maybe Thursday was a quirk..... stayed up to watch the ISX this morning... and NOPE... no quirk !!!!
OKRocks: I believe Tony already told us, Iraq is done, just waiting for The agency to release it
FreedomBoomer: Millionday: GOVERNOR OF CBI HAS ORDERED TO MOVE FORWARD WITH THE GOVENOR OF CBI HAS ORDERED >>>>>ALL POLICIES -- PLANS -- PROCEDURES -- NEW DOCUMENTS >>>>>>>>ALL TO BE DONE IN ITS TOTAL
Luvwolfs: MD works solely off articles..We all know articles are late before they get here. Good sign
BuddyDog: Here is a link for more info on CDARS
Glodev: CDARS is a method to get coverage for amonts over $250,000 -- money is spread to vrious banks but maintained by one bank - on statement
[xyz] Keywords: central bank has reserves of hard currency within international standards Link
[xyz] Pssst, want to play the market? Count the Fed leak weeks: Study
BERKELEY: US central bankers not only regularly leak secret information about monetary policy, but the leaks are so predictably timed that a savvy investor without access to the leaked information could make money just by buying stocks in certain weeks.
That is the bottom line from new research by University of California Berkeley professor Annette Vissing-Jorgensen and colleagues, presented on Saturday at a conference attended by central bankers from around the world.
Vissing-Jorgensen and her colleagues found that the stock market delivers better returns versus Treasury bills the second, fourth, and sixth weeks after each of the Fed's eight policy-setting meetings during a given year. During odd weeks, returns are poor, they found.
An investor could simply exit the stock market during odd-numbered weeks, and return during even-numbered ones, and make much more than an investor who stayed in the stock market the whole time, they suggested.
The weeks that have excess stock-market returns are generally the same in which there are closed Fed Board meetings, and increased volatility in short-term interest-rate futures contracts suggests that it is information on monetary policy from those meetings that is driving the pattern.
"The most important and likely channel through which information gets from the Fed to asset markets is informal communication with the media or private financial institutions," Vissing-Jorgensen wrote.
The Fed has been under increasing fire for what some lawmakers see as lack of transparency and accountability, with Republican politicians most recently tussling with Fed Chair Janet Yellen over the central bank's alleged leak of confidential information in 2012, under then-Chairman Ben Bernanke.
According to Vissing-Jorgensen, however, such leaks - or informal communications, as they are termed in the academic literature - occur frequently and are not necessarily bad. Fed officials may want to test market reaction to a particular policy move ahead of time, and leaks are one way to do so.
European Central Bank Board member Benoit Coeure, reacting to the research on Saturday, said central bankers do sometimes need to send up covert trial balloons on policy, or check with investors afterward on how a policy move panned out. Still, he said, central bankers should try to be as transparent as possible.
San Francisco Fed President John Williams agreed.
"There is no question that in the past the Fed ... has used informal channels to try to explain our policy," he said. "My personal policy is, everything is on the record."
Q: [...do you think the dong will also revalue as some say?]
Poppy3 : I HAVE A FRIEND WHOS BROTHER LIVES THERE AND HIS REPORTS HAVE BEEN ACCURATE. HE SAYS IT WILL HAPPEN TOGETHER FROM STATEMENTS FROM HIS BANKER.
firefly - IMO, the WB, IMF and UN is running the show. When the timing is right (which in my opinion is very close)...The CBI will do this..
wmawhite ...Iraq/CBI will not LOP...What does everything coming from the CBI, GOI and Parliament speak about... INCREASING the value of the IQD...a LOP is a dramatic DECREASE in value.
Millionday:Reposted: NOTE -- MANY GLOBAL COMPANIES AND EXPERTS HELPED DEVELOP AND ADVANCE THE CBI SYSTEM--- THEY NOW HAVE CORE BANKING SYSTEM (THE MOST ADVANCED IN THE WORLD
firefly_: So if Iraq is Internationally compliant.....that would mean....... their LAWS ARE NOW INTERNATIONALLY COMPLIANT
Millionday: FIREFLY - EXACTLY MY FRIEND -: ALL TRAINING IS DONE AND WAS DONE BY THE BEST IN THE WORLD
firefly_: I've been trying to tell this room something for weeks now lol
Millionday: SO LISTEN TO THIS…..THE GOVENOR OF CBI HAS ORDERED >>>>>ALL POLICIES -- PLANS -- PROCEDURES -- NEW DOCUMENTS >>>>>>>>ALL TO BE DONE IN ITS TOTAL
firefly_ Millionday: And this IS what we have been waiting for !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Millionday: YES THIS IS WHAT WE HAVE BEEN WAITING FOR