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9-16-2012 Puckster_Guy: I don't know but it seems to me what we own as investors is only a drop in the bucket compared to holdings in the Fed or China or the rest of the ME for that matter. They will set their rate for the big players and we get standard going rate. Hopefully, around at where it was before or tied to most other M.E. nations. Which will be huge for us and them.
9-16-2012 Austin-Powers-For-PM: This is becoming a big shell game. I agree with BGG, something is up. Either press sources are confused on who is going where and when, or there is a deliberate effort to confuse and confound. I'm no conspiracy theorist, but something is smelling really fishy right about now.
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9-16-2012 Dalite: I could be very wrong in my assessment, but I believe a crawling peg was in use while inflation was being reduced to single digits. If you look at the historical data, it may be mere coincidence, but it moved back to a fixed peg as soon as inflation crossed under the 10% mark. All data published prior to that, concerning the NID referenced the rise from 4000:1 to 1170:1, as inflation was being decreased from over 50% to under 10% (time period from 2003 to approx 2009).
If inflation goes above 10%, history would indicate an eventual move back to the crawling peg category. The rate has hovered between 1166 and 1170 since inflation went below 10%. If this is crawling, the child will never learn to walk. While it was falling 10% per year ( on average), between 2004 and 2008, the child was hauling diaper. Just MHO, wrapped in economic data.
9-16-2012 Sam: "Article 6 is the only subject of dispute in the oil and gas law. Optimism resolve differences between Baghdad and Erbil. Ongoing talks between Baghdad and Erbil has gone positive and it was agreed to pay dues for foreign companies operating in the region to resume the last oil export abroad immediately.
Positive towards resolving all outstanding problems in the political situation in Iraq, and differences between Province and the Centre on the powers and the right to the fulfillment of oil imports came because of the lack of consensus and approve oil and gas law. The HCL debate has started to take its final shape. It will come to light in the coming days and ending problem suffered by Iraq."
9-16-2012 Bookings: Shabibi said a long time ago, that their rate would not fall below kuwaits. Would not do Iraq a bit on good. All I going to say, is look toward Tuesday for something very big to happen.
9-16-2012 BGG: The biggest current rumor is that Talibani showed up in Iraq 48 hours ago. I kind of doubt this to be true – for several reasons. First, I have a couple of pretty deep sources that would have told me so ahead of time. Second (as I relayed on our MOD call the other nite), about 12 hours after he actually shows up every Arabic news feed there is would have an article about it. This is really, really big news and is being watched closely by everyone here and there.
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