Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 3-21-16 Part 2 of 2
wmawhite says to rcookie():The IMF stated that when the taxes and custom duties were dropped from the auctions that the spread returned to 2% during August 2015.
Geofitness says to rcookie():Guessing from the above stgatement we are few months and few days away which may put us in June. Am I reading it incorrectly?
rcookie says to wmawhite():YES ....SO COGNITIVELY USED AS BALANCE & STABILITY TOOL/MECHANISM....
wmawhite says to rcookie():Interesting,......there is a auction expert that this room follows and he had stated throughout 2015 that the spread was well above 2%.....however, the IMF says "no way".
rcookie says():GEO...THIS IS ONE INDIVIDUALS INSIGHT AND APPLICATION OF HISTORY TO CURRENT CONDITIONS....AND I DO NOT THINK THERE WILL EVER BE A TELL OR TELEGRAPHING OF AN INTENDED MOVE....
HOWEVER...GREAT PIECE THATVTIES IN HISTORY WITH CURRENT MARKET STATUS AND ACTIVITY..WITH FUTURE ACTIONS AND INTENTIONS....
Geofitness says to rcookie():Ok good answer
rcookie says to wmawhite():I WAS THINKING THE SAME THING....
wmawhite says to Geofitness():It is always best to return to the starting point...........in this case, October 2015, when the IMF told the world what they believe Iraq will do and ask yourself, did the IMF know of all of this info we are discussing? IMO, Yes. IMO, nothing has changed as to expectations for the 1st half of 2016.
rcookie says to wmawhite():THATS MORE GIBBERISH LIKE 90 DAYS WTO ACESSION...THAT DOES NOT EXIST...
wmawhite says to Geofitness():The IMF must of had reasons for their position/expectations......and here we are day after day learning of all of these items that must have been reason for the 1st half of 2016.
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says():Morning rcookie sorry to jump in off topic but I read the link of the world bank doing business in Iraq report.
The world bank is a slow moving org when it comes to real time changes I didnt expect a big change ffrom the 2014 and 2015 reports that go beyong "doing business " and are inclusive of the entire society, but the fact remains that none of these global organizations are forward looking including the credit agencies which are not providing research but printing existinf factual information.
I am used to analysis that is foreward looking and based investment recomendations on the subtlties occuring real time. They also obviously involve the risk of being wrong. Blackrock is so powerful because they are in places the world is avoiding andnthey capture the seedlings of change. Don't really get that sense from a one quarter WB report.
wmawhite says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]():What you just stated, is IMO, why those countries most in touch with the ME will do the best when investing in Iraq.
wmawhite says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]():and it isn't the USA.
rcookie says to wmawhite():KEEP IN MIND THAT ADMITEDLY MUCH OF THE FINANCIAL ANALYTICS AND REPORTING IS SKEWED BECAUSE OF TRACKING & REPORTING DIFFICULTIES IN MANY REGIONS OF IRAQ...ANBAR/RAMADI/MOSUL AND KURDISTAN...AS OUTLINED IN EVERY REPORT FROM IMF IN LOI/MEFP/TECH MOU AND ART IV CONSULTATION....
lay says to wmawhite():Good ole USA nevber gets it right
wmawhite says():Yet,....2/3 of Iraq is booming....................and the other 1/3 drags the numbers down.
clay says to wmawhite():thats y we need new leadership
clay says to wmawhite():for reasons alone...that we liberated them and lost many... we should be investing and making $ there clay says to wmawhite():y is our country so behind
rcookie says to wmawhite():THE KIND OF FORWARD LOOKING ANAYLSIS YOU SPEAK OF IS BEING USED WITHIN SCOPE OF NDP..SECTOR BY SECTOR AS THESE PROJECT ALLOWANCES AND BIDS ARE PROCESSED...AND THE NIC NATIONAL INVESTMENT COMMISSION
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to wmawhite():There is so much opportunity if as an investment fund your on the ground .
The emerging markets that are have global currencies have upside but the smart fundes know them lto well and buy on value swings. Templeton and Blackrock are looking for something new where the global consensus is clueless.
There is hiuge value that their research is capyuring today and investing with PE funds. Every one else has their heal up their ......
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie():Right but theie are maybe 15 emerging market funds whose managers have had people sitting in Baghdad for a year waiting to pull ythe trigger. Blaclrock just happens to be the best. They were in Argentina eari, and are not in Brazil big
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie(0):The bond agencies are like they were in 2008 clueless
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]():MANY SECTORS...(ESPECIALLY TRAVEL & TOURISM) HAVE FORWARD MARKET METRICS...
SUCH AS MASTERCARDS "CRESCENT RATING" FOR HAL FRIENDLY TRAVEL SERVICES AND PROJECTIONS AGAING THE SKY ROCKETING MUSLIM POPULATION & TRAVELER...
AS WELL AS GMTI (GLOBAL MUSLIM TRAVEL INDEX) WHICH FORCASTS A $200 BILLION INDUSTRY BY 2020....THIS WILL BECOME ONE OF IRAQS BIGGEST "NON-OIL REVENUE STREAMS".....
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie():All this talk about March versus April versus June is so GD stupid. The question is the US and IMF, WB and hundreds of countries are COMMITTed to these reforms.
They all know that the will make Iraq's success is a foregone conclusion otherwise there will never be stability are economic contribution to the global community in the ME.
Iraq is the template from which these other knuckle head leaders will follow. No pluralistic, capitalistic, transparent politically sophistcated and nomn sectarian Iraq no future fdor the ME . More refugees pouring accross boders and in the end the human and momnetary cost will darf what we have spent so far.
rcookie says to clay():CLAY...TH ANSWER IS ACTUALLY SIMPLE...HOWEVER A PUNCH IN THE GUT TO NATIONAL EGO
rcookie says to clay():THE US RANKS LAST OF ENGLISH SPEAKING NATIONS IN ECONOMIC & FINANCIAL LITERACY...AS WELL AS MATH SCIENCE..ENGINEERS...ETC....
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]():VERY WELL SPOKEN!!....
clay says to rcookie():so sad
clay says to rcookie():we deserve more
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]():WE BETTER START ADDRESSING THE COLLEGE COST...DEBT... AND STUDENT MAJOR FOCUS...OR ITS GONNA GET WORSE.....THATS THE REALITY BEHIND WHY OTHER NATIONS ARE KICKING OUR BUTTS!!! PERIOD!!
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie():Thanks rcookie but all the big boys have skin in this game and have to win it. Even my 15 year old can figure it out Have a great day. To the strategic guys like you , Mr White , BGG, Million day and the MODs you kept us in the game. Thanks
clay says to rcookie():and medical costs
clay says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]():ditto
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo):THANKS FOR THE GREAT CONVERSATION AND INPUT!!!....
clay says to rcookie():ty as well
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie():Clay they are good aren't they. Funny the whole middle east is following Iraqs lead and could end up being they next Asian investment play
clay says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]():yep
Zig says():Many consider investing in that region very high risk.....very volatile.....not stable enough "yet" so they will wait....even financial investing advisors will tell you to only put a very small % of your risk capital into "emerging markets"....only money you can afford to lose as they will tell you......
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie():Sorry you rcookie nailed our education issuebmy daughter had to study Caligula now I have no problem with that sociopath but kids needbto learn about todays world. Is Caligula going to get them in the Kennedy School at Harvard no , no , no our curiculums are 50% BS
jtank says():especially w a slow work force
jtank says():iraq workers produce 30 minutes a day
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie():Our political structure is chasing the best and brightest away from politics. It is a disgrace.
rcookie says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]():AGREED!!
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie():I am off the soap box but Iraq has more upside than any country in the world. Maybe this GCR is a begining a reignition og growth I hope so
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie():Christine Lagarde should be the role model for young girls
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says to rcookie():When this is all over I am finally going to spend my time helping children shape their and our future noy just bumble along into catastrphy Bye all. Talk soon
wmawhite says to David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..]():It is a shame that the young children are shaped by the mass media/television/hollywood and then we send them to college to be further shaped by socialist/communist professors. Oh, I forgot....and a socialist/communist President.
rcookie says():NAJIB ON WARPATH TODAY....CALLING GOV'T WORK ON ECONOMIC & FINANCIAL POLICY TOO WEAK....
clay says to wmawhite():AMEN!
rcookie says():And expressed "surprise at the Government's complacency, especially as the country is in severe financial crisis, stressing" the need to accompany coverage of future reform packages steps relating to speed up State actions to develop the monetary and fiscal policy. "
rcookie says():SPEED UP STATE ACTIONS TO DEVELOP THE MONETARY & FISCAL POLICY......
wmawhite says to rcookie():I believe that we can say for sure..that parliament is behind the move into the economy market.
rcookie says():LIKE A MAYFLOWER TRUCK......
rcookie says():HERE IS THAT ARTICLE...
Economy: the Government steps in the development of financial and economic policy is too weak
March 21, 2016 2 0 http://www.microsofttranslator.com/b...a%25d8%25b7%2F LINK
tman23 says():The parliamentary services and reconstruction loans to be granted to the Housing Fund and then citizens of borrowers will not affect the State budget after the agreement concluded between the Ministry of housing and the Iraqi Central Bank.
Committee member Tawfik Al-Kaabi said in a statement that all segments of society are included in the loan and Housing Fund in all governorates, indicating that the maximum loan does not exceed 50 million dinars for each borrower.
He added that the loans would not affect the State budget under the contract concluded between the Housing Ministry and the Central Bank, which has been allocated $ 850 billion dinars for the purpose and in the Housing Fund is offering additional amounts if not sufficient to meet the needs of the citizens during the year, noting that all applicants to receive loans to 2014 completed transactions and remaining only in 2015 and 2016.
tman23 says():Between loans covered qaabi are the owners of the land and those who wish to buy House residential aushkh, that amount will be repaid over a period of 10 years.
Prime Minister Haidar Al-Abbadi had approved the Housing Fund lending mechanisms for Central Bank loans amounting to five trillion dinars and credit will be distributed among the provinces to adopt a standard for 80 percent of the population and the standard of poverty by 20 percent for each province.
The statement stressed that the amount of each loan must not exceed 50 million paid to the beneficiary in two instalments and interest rate 2 percent after us giving the date of the receipt of each batch. The statement added that the loans granted for construction and add constructive for those wishing to purchase residential units
tman23 says():Appears they are going to be able to control the house mortgage through loans from CBI to minister of housing........ The 10 year time period mentioned is 20 years but the GOI is going to be paying 50% of the loan......so the reason for 10 years in the article.......
And those with loans from 2014 can refinance under this program.......Which one can assume this is somewhat taking the place of retrocactive pay raises back to 2014 that were promised.......
We were watching for the private banks to begin issuing these loans which would have created issues come time lifting the 3 zeros.....
Now between the CBI and Minister of Housing the process is simplified with these new loans and 3 zeros...... And when the loan is granted to the citizen there is a one year grace period before the first payment is due......
Baxter1243 says():Tman... thats one heck of a loan...
Baxter1243 says():Tman.. is the price restructuring still on for the 27th?
tman23 says to Baxter1243():yes
Baxter1243 says():Ok... thx
tman23 says to Baxter1243():Parliamentary service: National Housing Fund loans will not affect the State budget........... SO THE LOANS WILL NOT AFFECT THE BUDGET.......
BUT THE GOI IS PAYING 50% OF THE LOAN TO THE CITIZEN........WEIRD !! AND TO PAY 50% IT WOULD SEEM YOU NEED PARLIMENT APPROVAL........
BUT I GUESS NOT IF IT IS NOT COMING FROM THE BUDGET OR.........ERRRR GOI.......THE CBI IS GIVING THE LOAN......TO MINISTER OF HOUSING...........
EVEN IF THE GOI WAS GOING TO USE PROPERTY TAX TO OFFSET THE LOANS, USING THE TAX WOULD NEED PARLIMENT APPROVAL....... VERY STRANGE INDEED !!!! 50% THE CBI IS GIVING AWAY....... NOT LIKELY !!
If the loan program was part of the 2016 budget, then parliament has already approved it.......they have already given their consent.
wmawhite says to tman23():No need to approve it a second time.
tman23 says to wmawhite():2 weeks ago the CoM voted and approved the loan program and the GOI paying 50% of the loan........ My understanding is the CoM puts together "programs" and sends the to Parliament for reading and vote...... There was never a 50% GOI pay for loans before 2 weeks ago.......
tman23 says():The mp warned of "anarchy in Baghdad if the current conditions and this will affect the morale of the fighters in the fighting fronts and does not serve this situation only terrorists daash".
Al-jubouri recalled that "peace resolutions are decisions of war and encourage this responsibility is not the responsibility of the Prime Minister but all political blocs to take this decision."
Referred to the political arena in Iraq witnessing interactions and differences in views between the multiple files highlighted reforms, cabinet reshuffle, but Prime Minister Haider Abadi had renewed today confirmed to proceed with reforms, "adding that" some people objected to the cabinet reshuffle because he would lose his privileges.
tman23 says():The three chairmanships decided a meeting with heads of State and leaders of political blocs in their meeting on Saturday the formation of a "representative Committee of political representatives of the three presidencies to follow up the implementation of reforms and Cabinet changes during the week to assist the Prime Minister in carrying out the reshuffle and revitalize the work of the High Council to combat corruption and accelerate the resolution of files independent bodies."
And Al-Abbadi will time out of the blocks to submit candidates for the cabinet reshuffle Wednesday after week-long duration, occurring close to Congress, the Prime Minister will change to nine Ministers Saturday.
Baghdad attest to the sit-ins at the gates of the green zone demanding reforms, cabinet reshuffle and the fight against corruption.
clay says to derwood200335():workin about to head for lunch and you
tman23 says():the Prime Minister will change to nine Ministers Saturday............ That is the 26th.....the day Moon and Kim are scheduled to be in Iraq........