Tank : : This much I know, exchange centers are definitely expecting us today. There's a bunch of time frames out there as usual, such as the 22nd, and whatever other dates that seem to be pressing.
However, I've been told that group leaders have been notified, even some from the wells fargo group, and they have information that is to be emailed out at the appropriate time. Some historic bonds are being funded. And, I know there was kind of a weird post from ZAP on Wednesday, but Landa seems to be doing something paying off people's homes in foreclosure. (strange for having no funds)
LawnMan: Frankly all.... Tank is spot on with the Intel ... His info is real good...Everyone needs to understand the situation is fluid and no one has the actual time to a science...It is a process that is working and as one item on the checklist is done it flows...We all wait but from my contacts we are very very very close
BIGFISH: JUST WAS TOLD that it is IMPERATIVE FOR THE BANKS AND THE MARKETS that this GOES this WEEKEND. come Monday will be a much Different story LET'S PRAY IT GOES!
RamblingRobert: I went to a WF and asked to the WM turns out the guy I gave my info to was the bank manager. He didn't pass it on. last Sat evening I got a call from the WM at that bank. He apologized for the way I was treated and told me just watch for the #800 number. he gave me his personal cell number…. and he called me from offsite after hours.
Replay of the WingIt CC with Gerry Maguire 3-18-16
Replay of the Landa Global CC Wednesday 3-16-16- MILSTONES
wmawhite ...there are several issues in play at this moment...the GOI is under going reforms that will change the culture for the better and will make future investors much more comfortable to invest in Iraq.
They are also building the institutions of Iraq, i.e. education, medical, transportation, etc. that they will need 5, 10, 15+ years in the future to be successful.
While doing all of this the GOI is working with other countries to meet the day to day needs of the 2016 budget...
And then finally, while all of this is happening, the CBI in partnership with the GOI, the IMF and World Bank is moving aggressively forward with Iraq (CBI and it's banks) to enter the world economic community.
NanaCarol: A funny thing happened on the way to the forum...
I stopped at the grocery store and, while checking out, spotted the headlines of "THE WALL STREET JOURNAL". Global Currencies Soar, Defying Central Bankers
So I bought one in case I need to frame.
Frank26: (Talked about) THIS ........ On TEAM CHAT ......... Then on Your(next) MONDAY CC !!!
Frank26: PURIFIER ....................... Well done......... Wink.
Purifiers : Global Currencies Soar, Defying Central Bankers
FX Market 1, Central Bankers 0
Updated March 18 2016 6:42 am GMT
Efforts by many of the world’s central banks to weaken their currencies seem to be failing, raising concerns about their ability to wield control over financial markets.
Despite the Bank of Japan’s efforts to push down the yen and jump-start the economy with negative interest rates, the yen is up 8% this year and at its strongest level against the dollar since October 2014.
The euro is up 4.2% despite the European Central Bank’s move to cut interest rates further last week, WSJ reports.
The exceptionally low rates in response to the financial crisis have created market distortions. Even if investors can predict central banks’ actions, they can’t necessarily predict how the markets will react.
“There is a rising concern that central banks are testing the limits of their policies. Each time you take a tool out of the tool kit, it gets closer to being empty.”
Brian Daingerfield, a currency strategist at RBS Securities
However, the US Federal Reserve can still produce more predictable results. After it left interest rates unchanged and Chairwoman Janet Yellen said it wasn’t going to raise rates as quickly as expected, the dollar fell against most major currencies, as expected.
It wasn’t long ago that actions from major central banks had a powerful effect on their currencies. But that influence has looked like it is fading. And there is concern that central banks are distorting normal market function, making it difficult for investors to fairly value financial assets.
“The ECB’s hand has been played out. The currency market isn’t as responsive to the ECB anymore.” Alan Ruskin, head of G-10 foreign-exchange strategy at Deutsche Bank
But some market participants warn it may be too early to judge whether central-bank policies are losing effectiveness. Donald Ellenberger, head of multisector strategies at Federated Investors, said central banks “have proven remarkably creative devising ways to use monetary policy to try to stimulate the economy.”
He cited the latest ECB stimulus on March 10, when it added nonfinancial corporate debt to its bond-buying list. The move fueled a rally in corporate bonds and sent yields falling.
In an interview with Italian newspaper La Repubblica, published on Friday, the ECB’s chief economist, Peter Praet, said that a further reduction in interest rates remains a tool the ECB could use to attack very weak inflationary pressures.
Asked if the central bank had gone as low as it could go on interest rates, Praet answered, “No, we haven’t. As other central banks have demonstrated, we have not reached the physical lower bound.” He said that if further negative shocks were to damage the economic outlook or if financing conditions didn’t improve sufficiently, “a rate reduction remains in our armory.”
“Central banks are experimenting in real time. There is no lab for them to practice in.”
Donald Ellenberger, head of multisector strategies at Federated Investors
Read the full story :
Reddstar: Statement by IMF Managing Director at the Conclusion of her Visit to Vietnam!
Press Release No. 16/119
March 18, 2016
IMF Managing Director Christine Lagarde today concluded a three-day visit to Vietnam and issued the following statement:
“It has been a great pleasure to visit Vietnam to see first-hand the vibrancy and achievements of this beautiful country.
“I wish to thank the Government of Vietnam and the officials I met during my visit for their hospitality and productive discussions. In particular, I wish to thank General Secretary Nguyen Phu Trong, President Truong Tan Sang, Prime Minister Nguyen Tan Dung, State Bank of Vietnam Governor Nguyen Van Binh and Finance Minister Dinh Tien Dung for their warm welcome and very productive exchange of views.
“I commended the government for its achievements over recent years, including establishing macroeconomic stability with high growth rates, integration into the global economy, higher living standards, lower poverty, and excellent progress towards its Millennium Development Goals. Our discussions focused on how to broaden and sustain these achievements through a second generation of reforms that continue macroeconomic and financial stability, accelerate structural reforms and further integrate Vietnam into the regional and global economy.
“Economic prospects for Vietnam remain favorable. Against this backdrop, I welcomed the government’s adoption of a more flexible exchange rate regime, and agreed that it would provide an enhanced external shock absorber that would help preserve macroeconomic stability and allow an accumulation of international reserves.
“I also encouraged the authorities to further strengthen the country’s fiscal position and resilience amid external volatility. A growth-friendly fiscal consolidation over the medium term would reduce the public debt-to-GDP ratio while providing increased space for important social and development expenditures. Accelerating reforms to the banking and state-owned enterprise sectors will help achieve greater economic efficiency and support higher robust medium-term growth.
“I had the great pleasure of participating in an engaging discussion with students at the National Economics University in Hanoi that highlighted the vital importance of job creation, skills upgrading, youth empowerment and entrepreneurship to help Vietnam reap the full benefits of its demographic dividend. I also had an inspiring exchange of perspectives with women leaders. Vietnam has made good progress on gender equality, and continued efforts will allow women to have a broader role in the economy, which in turn will help to raise economic growth.
“Once again, I would like to thank the authorities and the people of Vietnam for their warm hospitality and I look forward to continuing our close cooperation.”
"welcomed the government’s adoption of a more flexible exchange rate regime"
Mountainman: True That ReddStarr.....Pay "CLOSE"Attention to these Highlighted Phrases......(THEY) are a Blueprint that Lagarde.....Speaks On Continuously.....ALL....IMO....Reflecting The NEW REALITY Goals/Objectives......So Like The Old E.F.Hutton Commercials......When We "TALK" People LISTEN.......IMF/C.Lagarde=Likewise.....IMO