CODreamer: GM All, looks like another interesting day in the markets - premarket trading http://money.cnn.com/data/premarket/
GreatlyBlessed: There are a lot of bad things happening in the world and the stock market is getting jittery. Saudi and Iran; North Korea and the Chinese markets. People are running for cover.
Appaloosa: Good morning all - market expected to go down 400 points (down to 16435ish) at opening. China closed markets again for the 2nd time this week.
Brendad: The overseas markets are tumbling, I wonder what today will bring in the US markets.
Elmerf123456: The Pain of the market! I feel sorry for the Senior Citizens like my father and every senior who now is having their savings erode in the market right before their eyes. They will never recover from the financial loss because of age and retirement. This is truthful. It's good for the some and bad for many.
Brendad: elmerf123456 This is when I pray the prosperity packages are real and they will kick in to save them.
Angel1: Elmer, It breaks my heart to think that many will suffer over this when it wasn't necessary. I don't understand why people would let this happen if they could have prevented it. Let's just know we can all help others when this finally comes to resolution.
Tier2wannabe: Plan A would have been so much easier for everyone but some peoples ego and arrogance makes this so painful for so many...
Poppy3 THEY...SAID COMPLETE REFORM BY MID YEAR BUT THE PROCESS TO OBTAIN FULL MEMBERSHIP TO WTO WAS SAID TAKES A MINIMUM OF 5 MONTHS
SO THAT TO ME SAYS THEY NEED THE NEW RATE THIS MONTH TO QUALIFY...NOT IN JUNE.
Emailed to Recaps:
We can only imagine. The real facts, the real plans, the real outcomes are not going to be discussed in broad specific details, of course. But, since I am pre-disposed to matriculate my feelings on the more liberal side of a contrarian disposition,
I am going to step out on a limb and guess that many of the end results will be of a nature that none of us would have guessed.
Of course, the general idea is known insofar as the financial aspects that we can anticipate – TRN, metals backed system of trade, etc. But the offshoots along technological lines and disclosures of perhaps shocking information is something I don’t think we will be ready for.
On the day that the Wright Brothers flew, many could not believe it. But, it had transformed our world nonetheless. I am of the opinion that many won’t believe what may be disclosed in the future, but it will transform the culture anyway.
Yes, by all means. Plan to hold your ground at all costs. The Russians had a saying at Stalingrad. Ни шагу назад! Ni shagu nazad! (Not one step back!)
I truly hope there will be some benefit to the mass speculation in the dong and other currencies that many have hoped for. We will certainly find out and we are fortunate to have a most advantageous position to receive solid notice on that front should it occur. All we can do is wait, prepare and stay busy.
Dinari131: Chinese stock market halted for second time in a week
Joe McDonald, The Associated Press
Last Updated Thursday, January 7, 2016 12:25AM EST
BEIJING - China halted stock trading Thursday, its second daylong trading suspension this week, after prices plunged in the latest spasm of investor panic on its volatile markets.
Chinese markets have lurched up and down as regulators gradually withdraw emergency measures imposed after the main stock index plunged in June following an explosive rise.
A similar price plunge Monday triggered a sell-off on Wall Street and other global markets.
China plans to restrict stock sales by large shareholders
On Thursday, trading was suspended after a market index, the CSI 300, nose-dived 7 per cent a half-hour after markets opened, triggering a "circuit breaker" that took effect Jan. 1.
Financial analysts have warned Chinese markets are likely to see extreme volatility for a few more months as they seek a stable level following last year's rout.
The "circuit breaker" requires a 15-minute pause in trading if the CSI 300 falls 5 per cent within 30 minutes. But Thursday's decline was so fast that before that could take effect, it hit the 7 per cent limit that ends trading for the day.
The benchmark Shanghai Composite Index fell 7.3 per cent to 3,115.89. The Shenzhen Composite Index for China's smaller second exchange slumped 8.3 per cent to 1,955.88.
Also Thursday, a six-month ban on sales by shareholders who own more than 5 per cent of a company was due to expire. Regulators announced this week that to avoid fueling further volatility, such sales will be limited to private transactions.
The Shanghai benchmark more than doubled between late 2014 and its June 12 peak as millions of novice investors bought shares.
Prices plunged 30 per cent after that, triggering a panicked response by Beijing. Regulators banned large sales, cut interest rates, cancelled initial public stock offerings and ordered state companies to buy shares.
Chinese leaders had encouraged the public to buy in hopes of raising money to overhaul state industry. The market rout alienated small investors who were left holding shares worth less than they paid.
Authorities say shares bought by state companies will be transferred to China's sovereign wealth fund to avoid depressing prices by selling them in the open market. The ban on new IPOs was lifted in November.
http://timesofindia.indiatimes.com/busi ... 476826.cms
http://www.ctvnews.ca/business/chinese- ... -1.2726956
Walkingstick: World Bank: 3.1% growth of the economy of Iraq in 2016
January 7, 2016 12:01
Direct: The World Bank predicted that Iraq achieve economic growth of 3.1% during the current year 2016 as a result of the recovery of oil and non-oil sectors, compared to 0.5% for 2015.
The bank stressed that the ongoing conflicts damaged Alaguetsadio activity in Iraq, Libya, Syria, Yemen and the loss of life and destruction of infrastructure and the movement of trade, the World Bank predicted high growth rate in Iraq.
The World Bank predicted high growth rate in the Middle East and North Africa to 5.1% in 2016 compared to 2.5% in 2015.
The bank attributed this increase to the expected lifting of economic sanctions imposed on Iran, which would allow it to play a greater role in global energy markets.
http://www.mubasher.info/news/2888071/% ... D9%8A-2016
Walkingstick: CBI News & Announcements
To all licensed banks (the transition from the uniform accounting system for banks and insurance companies to international standards)
To all licensed banks (buy gold commemorative coins)