Thanks My Ladies and Friends:
MY LADIES: THE CHINESE GOVERNMENT AT WORK
Ground zero': China's stock market crash up close in Shanghai
China stock market surges in volatile session http://www.bbc.com/news/business-33456768
Mainland Chinese shares rebounded on Thursday after regulators took further steps to try to calm the stock market.
MY LADIES: MANY NEW YOUNG INVESTORS RAN TO THE MARKET AND LOST THEIR TAILS….REMEMBER NOVA AND I SAY DO NOTHING
PERFECT EXAMPLE OF I CAN DO THIS ON MY OWN GONE BAD.
Opinion: China’s stock-market crash is just beginning
The underlying problem is that the investing culture is immature
MY LADIES: HUMM A FEW THINGS CAN BE LOOKED AT IN THAT STATEMENT IF I WAS OF A SUSPICIOUS MIND
MY LADIES: DID WE JUST GET A HICCUP?? OR IS THIS JUST MORE DRAMA FOR BETTER SELLING?
Obama: Chances of an Iran nuclear deal now lower than 50-50
Washington (CNN)President Barack Obama believes the chances of getting a nuclear agreement with Iran are now "below 50-50," according to a top Democratic senator who attended a closed-door meeting with the President Tuesday night.
"He said in the course of the negotiations he's been more optimistic, less optimistic. And he said that the chances at this point are below 50-50," said Sen. Dick Durbin of Illinois, the Assistant Democratic Leader and a close ally of Obama's.
The comments lowering expectations for a deal curbing Iran's nuclear program come after negotiations on a final deal have already blown through two deadlines and seem likely to go past a third on Friday.
Durbin noted that Obama made his comments before getting a daily update from Secretary of State John Kerry, who is spearheading the Vienna-based nuclear talks for the U.S.
"I think it's an indication it's crunch time. He said he's not going to accept a weak or bad deal. He knows what's at stake here," Durbin explained.
One diplomat pointed out, "It is possible (that) there comes a limit, where everyone needs to go home, regroup and think about things and come back to finish. But nobody is in the market for long extensions here."
MY LADIES: UGH!!! THIS DANCE IS SO LONG MY FEET HURT NOW…
Princess DD: Here we have more switching underwear
Russian bonds climb as China purchases $1 billion of ruble debt
Princess DD: Post-sanctions situation can threat Iran ’s economy
Princess DD: Did the US pull the switch on China?
Princess DD: Oil market: The Iranians are coming
MY LADIES: YEP WE SURE DO, RUSSIA AND CHINA ARE WORKING VERY CLOSE TOGETHER
Princess DD: Oil Prices Rise on China Recovery and Iran Deadlock
China’s recovery from market panic and continued impasse over Iran nuclear program trickle down to oil markets.
Princess DD: Wow, so what is left for them to do? Its all done it seems and they are putting out cover stories at this point..... So it comes down to the timing of the release.
MY LADIES: Post-sanctions situation can threat Iran ’s economy
MY LADIES: THIS IS VERY REAL CONCERN, AND WILL BE FOR IRAQ TOO, I'M JUST READING ABOUT IRAQ PUTTING SAFETY STOPS IN PLACE.
Right now some economic experts and managers inside Iran predict that once international sanctions on Iran are removed, economic rent groups may misuse the situation, foreign companies may enter the Iranian market with trade intentions rather than productive plans, Iran may not be ready to take in a large load of investment in a short term, or the mere fact that Iran’s credit risk is unclear may cause further problems.
MY LADIES: HUMMM SOUND FAMILIAR???
JP: Mary, can the new system be introduced and currencies repriced before China is officially accepted into the SDR basket 1/1/2016?
Princess DD: The banking system change over then they release that info to the public i mean.
IQD NOVA: JP, YES
MY LADIES: YES IF YOU READ UP A BIT TO THE POST I DID YOU CAN SEE I'M HANGING MY HAT ON CHINA TOO MUCH, BUT THE ENTIRE GLOBAL INVOLVEMENT
JP: I’m assuming the BRICS and AIIB are the catalyst
MY LADIES: I DON'T THINK SO BECAUSE NEITHER ONE OF THEM ARE COMPLETELY OPERATIONAL UNTIL THE END OF THE YEAR..I THINK ALL THE GLOBAL MOVING IS THE CATALYST AND NOT JUST ONE THING
Princess DD: Mary with all of what we are seeing do you still stick to July as a possible time for the repricing? Its really on the fast track now it seems. We are watching this happen so quickly now and right before our eyes!
Princess DD: Things seem to be really falling into place.
I DON'T THINK SO BECAUSE NEITHER ONE OF THEM ARE COMPLETELY OPERATIONAL UNTIL THE END OF THE YEAR..I THINK ALL THE GLOBAL MOVING IS THE CATALYST AND NOT JUST ONE THINGMY LADIES: PRINCESS IF YOU HOLD ON HUN I WILL GET MY ALUMINUM FOIL HAT AND MY CRYSTAL BALL AND I'LL STAND ON 1 FOOT WHILE HOLDING ONTO THE CHAIN LINK FENCE AND LET YOU KNOW FOR SURE IF ANY MESSAGES COME THROUGH...LOL..LOL..
I LIKE JULY BUT THAT DOES NOT MEAN ALL THE GLOBE GOT THE MEMO...LOL...
Princess DD: (rofl) We like July though dont we? ;)
IQD NOVA: JP, THE IMF HAS ALREADY SPOKEN ON CHINAS CURRENCY LAST MONTH.
PEOPLE NEED TO UNDERSTAND THAT THE CHINESE HAVE GIVE UP CONTROL IF ITS CURRENCY TO THE IMF. THE FALL OUT AND REBUILD WILL BE ROUGH!!
MY LADIES AND NOVA WE ARE SEEING A TINY BIT OF THE FUTURE OF THAT STRUGGLE
IQD NOVA: WE CAN NOT CLOUD THINGS.
THE BACKING BASKET/NEW EVALUATION PROCESS FOR A COUNTRY CURRENCY IS A PROCESS IN IT SELF. HAVING NOTHING TO DO WITH ANYTHING ELSE!!!
WITH THE IMF GIVING IT BLESSING TO CHINAS CURRENCY IT CAN BE USED IN THE BASKETS OF ANYONE’S EVALUATION!!!
AND YES THIS FALLS UNDER THE SDR MODEL...
YET THIS PROCESS HAS NOTHING TO DO WITH THE REEVALUATION / ADDING / TAKING AWAY FROM THE GLOBAL SDR BASKET WITCH IS COMING IN NOVEMBER AND REVEALED IN JANUARY 2016.
MY LADIES: THANK YOU NOVA FOR THAT...VERY OFTEN THOSE 2 THINGS GET MUDDLED UP TOGETHER AND THEY ARE VERY VERY DIFFERENT!!
MY LADIES” ALRIGHT AFTER MUCH DRAMA HERE ARE THE ARTICLES FROM THE ECONOMIST
Stocks in China
China embraces the markets
A panicked response to tumbling stocks casts doubt on the pace of reform
Jul 11th 2015 | From the print edition
FOR nearly two years, hopes of economic reform in China have rested on the faintest of rhetorical shifts. At a conclave in late 2013 the Communist Party declared that it would let market forces play a “decisive role” in allocating resources; previously, their influence had been just “basic”. A slender reed perhaps, but it supported a great expectation: that the state would ease its grip on business, trade and finance.
The way ahead
A deal between Greece and its creditors would be best. But if there has to be a Grexit, here is how to do it
IN A crisis studded with missed deadlines, Sunday July 12th really could mark the denouement of the Greek debt drama. The leaders of the euro zone along with those of all the EU’s 28 member countries will gather for a set of meetings in Brussels. If Alexis Tsipras, Greece’s prime minister, can strike a deal with his creditors that day, his country will stay afloat inside the euro. If there is no such deal, Greece is heading inexorably towards the whirlpool of Grexit. Donald Tusk, the president of the European Council—a Pole not prone to hyperbole—calls it “the most critical moment in the history of the EU”.
IQD NOVA: WHAT DID I SAY THIS MORNING ABOUT CHINA????
Sager: "PEOPLE NEED TO UNDERSTAND THAT THE CHINESE HAVE TO GIVE UP CONTROL OF ITS CURRENCY TO THE IMF. THE FALLOUT AND REBUILD WILL BE ROUGH!!"
MY LADIES: ANYONE FOR A SPIN THROUGH THE DRYER??
Fed's Brainard cites need for biggest U.S. banks to shrink
WASHINGTON (Reuters) - The eight most important U.S. financial institutions may still cast too large of a shadow over the banking system, according to a Federal Reserve official on Thursday, and the firms could realize it's in the best interest of stakeholders to shrink.
Risk has been dramatically reduced across the banking industry since the 2008 financial crisis, Fed Governor Lael Brainard said, but the size and scope of just a few firms remains a concern.
MORE AND MORE AND LOUDER AND LOUDER THEY ARE TRYING TO TELL JOE PUBLIC TO GET READY
MY LADIES: MORE PUSH ME PULL YOU
Kerry says not in rush to get Iran nuclear deal
VIENNA (Reuters) - The United States and other major powers are not in a rush reach a nuclear agreement with Iran, though Washington and its partners will not negotiate with Tehran indefinitely, U.S. Secretary of State John Kerry said on Thursday.
"We're here because we believe we are making real progress," Kerry told reporters in the Austrian capital. "We will not rush and we will not be rushed."
However, he cautioned that "we are not going to sit at the negotiating table forever."
(Reporting by Arshad Mohammed and Louis Charbonneau)
MY LADIES: WOLFGANG MAKES A FUNNY...OR IS IT MORE??
Schäuble to Lew: I’ll trade you Greece for Puerto Rico
Who knew Wolfgang Schäuble, Germany’s prickly finance minister, had a sense of humor?
At a news conference on Thursday, Schäuble chided U.S. policy makers, who have been urging Greece and its creditors to agree on a new bailout, saying they didn’t understand why a ban on bailouts is vital for the functionality of a currency union.
Schäuble then shared a proposition he had made to U.S. Treasury Secretary Jacob Lew: The eurozone would take in Puerto Rico, if the U.S. would allow Greece to adopt the U.S. dollar. Dow Jones Newswires reported on the news conference.
It’s unknown whether that offer was left on the table. But let’s look at the numbers.
MY LADIES: IN IT'S NATURAL HABITAT?? LOL..LOL..
First Sighting of Drachma in the Wild, Via Credit-Card Mystery
July 9, 2015 — 12:43 PM EDT
Ladies and gentlemen, behold the first sighting of the new Greek drachma:
Between June 28 and July 4 at a Hilton hotel in Athens, transactions on a Bloomberg reporter's Visa credit card issued by Citigroup Inc. were posted as being carried out in ``Drachma EQ."
The inexplicable notation -- bear in mind, the euro remains Greece's official currency -- flummoxed two very polite customer service representatives and spokesmen for the companies involved. It depicts a currency changeover that the Greek government and European officials have been working for over six months to avoid.
HUMM IS IT REAL OR IS IT MEMOREX??? LOL..LOL..
MY LADIES: LET'S TAKE A LOOK AT THIS FOR A MIN
Jul. 09, 2015 | 12:40 AM
World Bank approves $350M Iraq aid package http://dailystar.com.lb/Business/Regional/2015/Jul-09/305784-world-bank-approves-350m-iraq-aid-package.ashx
SO IF WE ARE LOOKING TO THE CHINA MODEL AND THEY ARE TO COME TO THE IMF IN DEBT THEN WE SHOULD SEE SOME BIG TIME IMF LOANS COMING NEXT.
MAYBE MY IMAGINATION IS RUNNING AWAY WITH ME BUT SINCE THAT RARELY HAPPENS I'M GOING TO SAY THERE SEEM TO BE A FEW TO MANY OOPSIES GOING ON AND THERE SEEM TO BE REAL SPEEDY EXPLANATIONS AS TO WHY....
SO YOU DECIDE FOR YOUR SELF, I AM A FIRM BELIEVER IN WHERE THERE'S SMOKE THERE'S FIRE