Iko Ward : You guys are the best. Listen, sit back and watch it unfold. Don't worry about the rates, don't worry about the hour. Be calm during your exchange and let them know you know the rates. Don't take any wooden nickels.
Iko Ward : The news is very, very, very good. Wait for the 800's. Don't call the banks because they won't know anything. We'll have to go to the exchange centers. Just stay calm cause it be comin round the mountain.
Iko Ward : Well Tonto, I think our work here is done…… HI HO SILVER!
Beamer : I can say this. I received a call last night from someone involved.. all they were able to tell me was that this was going to be a Historic weekend. I'm ready
Poppy3 MANY KEEP SAYING POPPY3 SAID THIS MONTH BUT I SAID THEY SAID THIS MONTH...THEY REPORTED IT IN WRITING TO THE IMF, UN, WB...
THEY THAT HAVE AUTHORITY MADE THE STATEMENT IN A OFFICIAL REPORT.
TO ME IT DON'T GET ANY BETTER AND THERE IS NOTHING TO QUESTION ABOUT IT. THEY SAID IT LOUD AND CLEAR.
firefly The meetings last Thursday went VERY well...Global Economic meeting. This was all over the major media sources.
The marker has been set, finger on the trigger.
TIMING! Stop looking at your calendars, it could literally happen at any time but NOBODY knows the timing.
Xyz: An international report confirms corruption worth billions of dollars during the rule of al-Maliki http://translate.google.com/translate?depth=2&hl=en&sl=ar&tl=en&u=http ://www.kitabate.com/index.php%3Fpage%3Darticle%26id%3D70008
Xyz: DEVELOPING NEWS ... (*) Parliament vote on the legal and amnesty of the Federal Court the middle of this month https://translate.google.com/translate?depth=1&hl=en&prev=search&sl=ar &u=http://aynaliraqnews.com/index.php%3Faa%3Dnews%26id22%3D52631
Bluehendu: Debt, defaults, and devaluations: why this market crash is like nothing we've seen before
A pernicious cycle of collapsing commodities, corporate defaults, and currency wars loom over the global economy. Can anything stop it from unravelling?
By Mehreen Khan, graphic by Tom Shiel
A global recession is on the way. This truism of economics holds at any point in which the world is not in the grips of a contraction.
The real question is always when and how deep the upcoming downturn will be.
“The crash will come, but it would be nice if it came two years from now”, Thomas Thygesen, head of economics at SEB told over 200 commodity investors and analysts in London last month.
His audience was rapt with unusual attention. They could be forgiven for thinking the slump had not already arrived.
Commodity prices have crashed by two thirds since their peaks in 2014. Oil has borne the brunt of the sell-off, suffering the worst price collapse in modern history. Brent crude has fallen from $115 a barrel in the summer of 2014, to just $27.70 in mid-January.
We are in a very unusual situation where market sentiment is of a different nature to anything we’ve seen before
Plenty of investors sitting in the blue-lit, cavernous surrounds of Bloomberg’s London HQ would have had their fingers burnt by the price capitulation
“They tell you should start your presentations with a joke, but making jokes at a commodities seminar is hardly appropriate these days,” Thygesen told his nervous audience.
Major oil price falls have a number of historical precedents. Today's glutted oil market is often compared to the crash of 1986, the last major episode over global over-supply. Back in the late 90s, a barrel of Brent crude fell to as low as $10 in the wake of the Asian financial crisis.
A perfect storm
But is the current oil price collapse really like anything the world economy has ever experienced?
For many market watchers, a confluence of factors - led by oil, but encompassing China, the emerging world, and financial markets - are all brewing to create a perfect storm in a global economy that has barely come to terms with the Great Recession.
“We are in a very unusual situation where market sentiment is of a different nature to anything we’ve seen before,” says Thygesen.
Unlike previous pre-recessionary eras, the current sell-off has seen commodity prices, equities and credit conditions all move in dangerous lockstep.
Although a 75pc oil price collapse should represent an unmitigated positive for the world’s fuel thirsty consumers, the sheer scale of the price rout is already imperiling the finances of producer nations from Nigeria to Azerbaijan, and is now threatening to unleash a wave of bankruptcies across corporate America.
It is the prospect of this vicious feedback loop - where low oil prices create financial tail risks that spill over into the real economy - which could now propel the world into a “full blown crisis” adds Thygesen.
So will it materialise?
Read More at: http://www.telegraph.co.uk/finance/economics/12138466/when-is-the-next-financial-crash-coming-oil-prices-markets-recession.html
Emailed to Recaps:
The End Game for Central Banks has officially begun.
FEB 2 2016 For over six years, the markets have been moving based on Central Banker actions and words.
The first phase (2009 to 2013) was dominated by action (ZIRP and QE).
The second phase (2013 to the present) was increasingly reliant on words (verbal intervention) as most Central Banks had by then used up 90% of their ammo.
As former Fed Chair Bernanke himself noted in his recent memoirs:
“Monetary policy is 98% talk and 2% action, especially when short term rates are near zero"
However, we are now reaching the point at which even actions AND words are losing their effect on the markets.
Last Friday, the Bank of Japan introduced Negative Interest Rates or NIRP. The ensuing rally in the Nikkei lasted roughly 30 minutes before reversing all of its gains. It was only through concerted manipulation by the Bank of Japan that the Nikkei finished the day in the green.
Fast-forward to today, and the head of the Bank of Japan Haruhiko Kuroda is already promising to engage in even more NIRP if needed. He stressed there was “no limit” to monetary easing measures.
Yes, this took place only a few days later.
So… the Bank of Japan launches NIRP for the first time in its history. And within THREE trading days is already promising to do MORE, going so far as to say that it has “no limit” on what it will try.
This is what it looks like when a Central Bank loses control= total desperation.
Bear in mind, the Bank of Japan has been at the forefront for ALL monetary policy for decades. The US Federal Reserve launched its first QE program in 2008. The European Central Bank launched its first QE program in 2015.
The Bank of Japan first launched QE back in 2001.
In short, the Bank of Japan has two decades of experience with QE AND ZIRP. It has launched the single largest QE program in history (an amount equal to over 20% of Japan’s GDP). And it has expanded its balance sheet to over 65% of Japan’s GDP.
In short, the Bank of Japan has gone “all in” to attempt to reflate its financial system. It has completely failed. And now it is so desperate that it is promising to do even MORE only three days after its latest monetary surprise.
The End Game for Central Banks has officially begun.
Hoot: Delta sir are you still thinking we will see the fireworks by the end of february first part of march,,,,,in your opinion of course
DELTA: As a first step, the government will, by end-February 2016, amend the Investment Law, or issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF.
BASED ON THE IMF CONTRACT WITH IRAQ A VERY HIGH POSSIBILITY !!! DELTA
Frank26: LOL ......... A VERY HIGH O'LD SILVER THAT IS ........
PMac: Let's see if I can follow the straight line??... of flattened cities and 3M tall concrete T's surrounding the new and expanded GREEN ZONE that poses SECURITY to the potential LL. All brought to you by BOTG (hats off to the "coalition" BTW).
I'm thinking the 8th is all about banking... Maliki... corruption... Billions... you know... all the snakes in "Raiders of the Lost Ark"?
Gonna have to set fire to the floor gentlemen. Just as stated by that one guy in the article (can't find my notes): "We are all corrupt". WELL DUH?!?!
Indictments... charges... corruption... NEWS FLASH... the jig is UP YOURS!!
Is that the standing growling BEAR sent to "un-intentionally" scare the barefooted investor into running for his life? Funny how the LL (long line)hasn't budged... at all. And it won't after the 8th either.
I'm enjoying the view from the KTFA "eye in the sky" helicopter of articles and time released intel. Can't wait to see the new KTFA landing pad website too!!!
Hat's off to you Frank and KTFA team. Can't wait for Monday's CC.
Walkingstick: CBI News and announcements
To / licensed banks all ( allocations and guarantees to meet credit granted)
Walkingstick: Abadi: anti-corruption and recover the money it will be the most important our steps
By admin-ri 2.7.2016 12:43 |
The prime minister Haider al-Abadi, Sunday, that the fight against corruption and the recovery of public money are the most important steps will be reform.
He stressed Abadi in a speech during the National Conference for the Protection of peaceful coexistence and the danger of hate and counter-terrorism, delivered by MP Ali Keywords, on the need to move away from the political discourse of sectarian and cooperation to support the steps of state and government to address Alaguetadah obstacle facing the country. "
He called, to support the military forces and the Peshmerga in their war against terrorism, and the protection and maintenance of the social fabric of terrorism