Frank26: KTFA FAMILY ........On Your MONDAY CC I said :
"IMF gave DRS Green Light in March 2015 and he wanted to lift the zeros THIS PAST JULY BUT cancelled it DUE TO THE UNSTABLE SECURITY in IRAQ."
This was from the GOI Finance Committee last month !!!
Then The old 1...2...3 solved this issue and has us with LDS and 50/100 coming to DRS/CBI BEFORE THE END OF 2015.
The NEW 1...2...3 and ...........4 have already started.
C U on Business Promo CC tonight.
Bring me a COOKIE and I will gladly trade it for my TEAMS STUDIES tonight.......
It has been three days since we last shared on M CC ......... MUCH MUCH MUCH has happened since then. Aloha ......... KTFA Frank
Frank26: KTAF FAMILY !!! (See article Below)
THIS IS SO BIG I NEED TO SCREAM !!!
YOU WALKED RIGHT PAST THIS AS IF IT WAS A WASTE ......... OF TIME !!!
WE NEED TO TALK TONIGHT !!! !!! !!! KTFA Frank
Walkingstick: Parliamentary Finance suggest the arrival of 2016 budget to parliament within days and emphasize: the deficit 29 trillion dinars
Author: BS, HA, MK
Editor: BS, HA 2015/10/07 13:22
Long-Presse / Baghdad
He favored the parliamentary finance committee rapporteur Ahmed al-Hajj, on Wednesday, the arrival of the federal budget for 2016 to Parliament after three days, and pointed out that the deficit up to 29 trillion dinars and several "very large", as he pointed to the operating budget is 30 trillion dinars.
Haj said in an interview to the (long-Presse), "The Committee expects the arrival of 2016 budget to parliament on the tenth of October next," noting that "the budget deficit up to 29 trillion dinars, which is very large by international standards, which require that the deficit it does not exceed 15%. "
Haj said that "the price of a barrel in the budget proved to 45 dollars and the Committee supports this price even though it was a wish for less than this because the five-plus-one agreement would lead to lower oil prices."
Haj pointed out that "the operating budget is 30 trillion dinars, but in practice can not take advantage of this budget deficit to reach 29 trillion."
The Iraqi cabinet on Tuesday approved several proposals on the contested material in the financial budget for the current 2015 law, as decided to impose a tax on Land imposed under law 26 year 1962 average, stressed the need to speed up the implementation of the Standard card project in Baghdad and all governorates of Iraq . Link
Frank27: KTFA FAMILY .......... ON YOUR MONDAY CC I SAID:
Oil prices have been low this summer as we expressed to You back in January 2015. Not normal. Just like last summer. BUT ......... Said these steady low prices are about to start going up ........ THIS WEEK and into the rest of the year.
Explained that the REASON was powerful in our direction !!! !!! !!!
The following day ......... Yesterday ........ OIL gives You this article. (See article below)
Not bad ......... Huh? KTFA Frank
Thunderhawk: :Backdoc Alert
Crude gains on output forecast; U.S. stocks fall
Crude oil surged 5 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations the Fed will not raise interest rates this year, though Wall Street fell on slumping biotech stocks.
News that non-OPEC producer Russia and key OPEC member Saudi Arabia discussed the oil market last week helped boost oil prices. The countries plan to continue exchanging views on demand, production and shale oil, Russian Energy Minister Alexander Novak told reporters.
A weakening dollar also added support for oil, while the U.S. Energy Information Administration projected in a monthly forecast that the country's crude output will fall through mid-2016.
"Steeper U.S. production declines over the near term have created a bid for oil prices," said Chris Jarvis, analyst at Caprock Risk Management in Frederick, Maryland.
Brent LCOc1, the global benchmark for crude, rose $2.67 to settle at $51.92 a barrel. West Texas Intermediate CLc1, the U.S. crude benchmark, settled $2.27 higher at $48.53.
European shares rallied, extending strong gains from the previous session on expectations the U.S. and European central banks will maintain equity-friendly monetary policy in the coming months.
Large volume in the U.S. stock market's rally on Monday suggests that at least the downside momentum is now broken, said Bruce Bittles, chief investment strategist at Robert W. Baird & Co in Sarasota, Florida.
"The markets are playing off the fact that there's a strong likelihood the market has now made a bottom, and we at some point will begin a year-end rally," Bittles said.
The pan-European FTSEurofirst 300 .FTEU3 closed up 0.65 percent, while MSCI's all-country world stock index .MIWD00000PUS rose 0.28 percent, aided by a 1 percent gain earlier in Tokyo .N225.
A 7.7 percent gain in shares of DuPont (DD.N) after CEO Ellen Kullman said she would step down helped the Dow advance. But continued deterioration in biotechs kept a damper on U.S. stocks, said Ryan Larson, head of U.S. equity trading at RBC Global Asset Management in Chicago.
The Nasdaq Biotech index .NBI fell 3.8 percent, with 126 of its 142 constituents trading lower. "It's really hurting the growth trade, the momentum trade today, and that's apparent in the smaller Russell indices," Larson said.
The Russell 2000 index .RUT was off 0.70 percent, while the Dow Jones industrial average .DJI closed up 13.76 points, or 0.08 percent, to 16,790.19. The S&P 500 .SPX fell 7.13 points, or 0.36 percent, to 1,979.92 and the Nasdaq Composite .IXIC lost 32.90 points, or 0.69 percent, to 4,748.36.
The U.S. dollar .DXY slipped 0.69 percent against major currencies on continued expectations the Fed will not this year hike rates for the first time in almost a decade.
Commerce Department data showing the largest expansion in the U.S. trade deficit in five months in August reinforced expectations the Fed would delay hiking rates until next year. A weak U.S. jobs report on Friday has also driven such expectations.
"People are still very skeptical about the Fed raising rates this year," said Thierry Albert Wizman, interest rates and currency strategist at Macquarie Ltd in New York.
The dollar was last down 0.2 percent against the yen at 120.21 yen JPY=. The euro was last up 0.8 percent against the dollar at $1.1274 EUR=.
U.S. Treasuries prices also gained on the increase in the U.S. trade deficit, which reinforced the view of slowing global demand.
Benchmark 10-year Treasuries notes US10YT=RR were up 6/32 in price to yield 2.0350 percent.
Yields on 10-year German Bunds DE10YT=TWEB, the benchmark for euro zone borrowing costs, rose 2 basis points to 0.59 percent.
McDan: Oil can showing 2 dollar jump in both WTC and Brent
Frank26: Yup..............It is THE FUEL ........... But not for machines in this case.
I do not say this often but .......... Trust me !!!
Frank26: Oh My. We did not see THIS SPEED........... Too. Amazing. KTFA Frank
Walkingstick: Commission intends to propose the oil law on oil and gas legislation without waiting for the government
BAGHDAD / JD / .. A member of the Commission on oil and energy parliamentary deputy Zaher al-Abadi, the determination of his committee's proposal oil and gas law and enacted in Parliament in the event of the failure of the government to send a bill to the House of Representatives.
He said al-Abadi told / JD /: "The oil and gas law is one of the important laws, which will eliminate a lot of outstanding problems regarding the oil especially between the federal and provincial Governments, "adding that" the government withdrew oil and gas law for the purpose of Parliament make amendments to it. " He added that "in the event of the failure of the government to send the amended version of the oil and gas law Vstljo the Commission on oil and energy parliamentary to propose a new law on oil and gas legislation in parliament without reference to the government," ./ ended / 8 /
Frank26: OH MAN !!! I only have one comment :
TA DA FREAKEN DA !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
KTFA Frank......... Negative my Donkey !!! lol
Walkingstick : Print currency cost the government $ 250 million annually
October 6, 2015 11 0Our economy / Baghdad
Stressed the economic expert Abdul Hassan al-Shammari, said on Tuesday that the project to delete the zeros from the local currency stopped by the House of Representatives in 2010 due to legislative differences within the parliament, indicating that the printing of local currency cost the Iraqi government $ 250 million annually.
Al-Shammari said in a press followed the agency "our economy," the news release that "the project to delete the zeros of the local currency is very excellent and Iraq project is not the first state employs, but worked by several countries, most recently Turkey was when deleted six zeros from its currency and become a million pounds, pounds one", explaining that "the virtues of this project that will facilitate the calculations will become millions of dinars thousands, and millions become billions, and trillions become billions, authorized will become the calculation it is confusing and not great."
He noted economist that "Iraq annually spends $ 250 million on currency printing because of its reliance on paper currency and there is no where any coin and therefore the 250, 500 and 1,000 dinars are categories of paper currency lifespan of no more than three months because it is fast trading and therefore the state needs to Print very large quantities of such groups every three months and the process cost Iraq $ 250 million. "
And that "Iraq needs to delete the zeros, this project was stopped by the parliament, as it was scheduled to be approved in 2010, and rather than be printed these currencies are printed dinar instead of one thousand dinars and a half dinar and quarter dinars and dirhams, and in that time has been designed so that is this kind of currency but legislative delays in the House of Representatives led to the loss of Iraq into the hundreds of millions of dollars of hard currency. "
The "economic expert on behalf of Jamil Antoine, confirmed earlier that the deletion of zeros from the Iraqi dinar will reduce the US dollar traded in the local market."
From Aggiedad77’s News summaries today:
Aggiedad77: Parliamentary Finance: deteriorating economic conditions disrupted the deletion of zeros from currency
Parliamentary Finance Committee....another of their talking heads....doing what they do best....talking about something they simply do not have control of.....the lifting of the zeros from the IQD.....I think Dr. S sees these articles and sits rather smugly and just smiles at the lunacy of what they have to offer.....he orders another latte, with skim milk please.....of course the situation is stable and under control.....but you don't have the authority to act....now do you....really....ho-hum....next.
Frank26: I agree with You RANDY but You know why these knuckle heads are talking like DRS?
Because they know he is back and soon to .......... TALK again as such.
I call them ..... Buttdinskies......... lol Or ....... shirt tail riders.
KTFA Frank....... It is also NOW good for their careers LOL.
Aggiedad77: I see your point....and....raise you two cookies
They keep trying to claim things as theirs...when we know the rightful heirs
That which was the citizens......will again be the citizens
Wait for it....wait....wait....Dr. S will claim what is rightfully theirs and with PM Abadi get it returned to the rightful owners....that will be the joy to be found in Iraq
Along with it will be the trials and tribulations of the "Corruption Kingpin" and his minions
Time is on our side....yes it is Aloha Randy