StephenMac63: In the game of Chess there are opposing strategies, many actionary by the pro and reactionary by the armature. That particular game will be quick. Then there are two pros playing the game, they each have a strategy, many moves have been proven in the past to be successful for themselves and may be played now against each other……may…….its still undecided as each need to see how the other reacts to the previous move.

Most Chess boards are a single layer with pieces behind each other. And then someone got cute and created a 3 tier Chess Board. Imagine playing a game with pieces on three different see-through layers. Challenging for those used to seeing things only one way.

Abadi, IMO, would be a great Chess player. Its all about strategy.
In fact, what he has done with his country with what he had to work with. Wow. Can you imagine that the majority of support he received was from other countries instead of his own all the while settling the saber-rattling temper tantrums at home?

He had to push the “envelope” as far as he could and then get back-up for more support if needed. As of late he seems to be doing very well without the hand-holding from various nations. He’s just one guy out of a population of 37.2 million in Iraq (2016). What makes him so special?

Abadi has a plan….a strategy, if you will. He knows the next move, both his and his opponent’s and acts accordingly. He knows where his pieces are and what capabilities they have and how to use them when needed. He’s a strategist. He has only been the PM for around 3 years. And soon, IMO, in his native tongue, we may hear the word “CheckMate”.

Meanwhile at the Kiddie Table in the next room, Maliki’s voice could be heard saying “King me, King me”.


Samson:  Prime Minister Dr. Haider al-Abadi receives the head of the United Nations Mission in Iraq

14th November, 2017

Prime Minister Dr. Haider Al-Abbadi received in his office the head of the UN Mission in Iraq, Jan Kubic.

During the meeting, they discussed the governmental measures to extend the federal authority in the disputed areas, airports, border crossings and the federal government constants in this field which are in the interest of our Kurdish citizens.

The return of the displaced and the assistance provided by the United Nations to restore stability to the liberated areas were also discussed.

Prime Minister ‘s Media Office 14 November 2017



Samson:  Annual Financial Stability Report

14th November, 2017

Annual Report on Financial Stability …  Click here



Samson:  Uncircumcised

14th November, 2017

To all banks (generalizing the Bank’s assertion on the importance of not compromising the interests of citizens in all banking activities)



Samson:  Real risks to the global economy

13th November, 2017 by Christopher Smart

One of the most important secrets of global markets today is its great enthusiasm, even though the world around it is in chaos and collapse. However, investors show great rationality when it comes to assessing political risks. If the investment gives priority to future cash flows, it is important to focus accurately on what will affect or will not affect those expectations. The most likely or violent potential crises may be those that are easier for the market to examine.

More seriously, gradual shifts in global institutions raise expectations about how key players behave. These transformations may appear very slowly, but they can fundamentally change the calculus to assess potential risks and returns.

It is easy to explain today’s market in terms of fundamentals: profits are rising, inflation is avoided, and the global economy seems to be growing at a steady pace. In October, the International Monetary Fund updated its global forecast to forecast that only a few small countries would suffer a recession next year.

As major central banks plan, or have already begun, to tighten monetary policy, interest rates will remain low for now.

Political crises are unlikely to change the economic analysis of investors, however exciting. Even after the greatest disasters of the 20th century, markets recovered rapidly. After Japan’s attack on Pearl Harbor, US stock markets fell 10%, but recovered within six weeks. Similarly, after the terrorist attacks of September 11, 2001, US stocks fell nearly 12%, but they returned again to rise within a month. After the assassination of President John F. Kennedy, stock prices fell below 3%, but recovered their value the following day.

Yes, each political crisis differs from the other. But most of them, emerging market investor Jens Neustadt, noted that market participants can rely on decision makers’ response. Central banks and finance ministries will always make up for the growing risk appetite by adjusting interest rates or fiscal policies, and investors will return assets to their pre-crisis value.

Today, the conflict with North Korea over its nuclear and missile programs tops most of the lists of potential crises. An open war or a nuclear accident on the Korean peninsula could lead to a humanitarian catastrophe, trade with South Korea – the world’s 13th economy – and send political shocks around the world. However, this disaster will probably be brief, and its results will be clear and immediate. The world’s major powers will remain fairly organized, and future cash flows in most investments will remain stable.

The same can be said of Saudi Arabia, where Crown Prince Muhammad bin Salman cleared the government and the security services to consolidate his authority. Even if the sudden turbulence in the kingdom shifts the balance of power in the Middle East, the country still wants to keep its exports. If there is a break in global oil flows, it will be eased by competing producers and new technologies.

Similarly, Venezuela’s comprehensive political or economic collapse will have serious regional implications and could lead to a deeper humanitarian crisis there. But most likely will have no broad or general impact on energy and financial markets.

These scenarios are often in the headlines, so the likelihood of them happening will not be surprising. But even when the crisis, like an electronic attack or an epidemic, occurs unexpectedly, the market turmoil usually continues until investors reassess their discount rates and future earnings flows.

Conversely, changes in common economic assumptions are likely to result in liquidation by driving investors to reevaluate the probability of achieving the expected cash flows. Investors may be aware that growth rates are slowing, or that central banks have not predicted inflation again. Or the change may occur abruptly, with the discovery of large amounts of “toxic loans” that are unlikely to be repaid.

As investors in emerging markets know, political changes can affect economic assumptions. But again, the risk stems not from unpredictable shocks but from the slow erosion of institutions that investors trust to predict a mysterious world.

For example, investors in Turkey are aware that the country’s move away from democracy has driven it away from Europe, exposing future returns to new risks. On the other hand, in Brazil, despite the continuing corruption scandal that toppled the former president, which could oust the current president, investors are aware that the country’s institutions operate – albeit in their own way – with risks accordingly.

The biggest political risk facing global markets today is that the key players that make up investors’ expectations are a fundamental reorganization. More worrisome is the United States now seeking to create a new global role for itself under the leadership of President Donald Trump.

By withdrawing from international agreements and trying to renegotiate existing trade deals, the United States has become less predictable. Looking ahead, if Trump and future US leaders continue to deal with other countries through zero total transactions rather than building cooperative institutions, the world will not be able to gather a common response for the next period of turbulence in the global market.

Ultimately, the troubled United States will impose a higher price almost everywhere. Unless other economic cycles intervene before investor expectations turn, this will be the end of the current market boom.


Samson:  $ 200 million was seized by a Saudi passenger at Najaf airport

14th November, 2017

The head of the border crossings announced on Tuesday the seizure of $ 200 million in possession of a Saudi passenger at Najaf airport.

The agency said the ports in a statement received “Al-Gharab Press” a copy of it, “a facility in the port of Najaf airport was able to seize the amount of (200) thousand US dollars, which was in possession of a Saudi passenger nationality,” noting that “the amount was refunded after he said before His departure and who was planning to travel to the United Arab Emirates. ”

“The defendant has been referred to the judiciary,” the statement said.   LINK


Samson:  Parliament votes on the draft amendment of the law of the Central Bank of Iraq

14th November, 2017

The House of Representatives voted in its Tuesday session on the draft amendment of the second law of the Central Bank.

A parliamentary source told “Economy News” that “the House of Representatives voted on the draft law of the second amendment to the law of the Central Bank during its meeting today.”

The House of Representatives held its regular session of 30 of the current legislative term on Tuesday, under the chairmanship of Vice-President Hammam Hamoudi, and the presence of 171 deputies.


Mnt Goat
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