Backdoc: OK, FOR STARTERS WE SEE A ” WARNING, WARNING, WILL ROBINISON, DANGER! DANGER!” HEE HEE SLAP! SORRY! LOST IN SPACE FANS!
YOU SOMETIMES HAVE TO LAUGH SO YOU DON’T CRY. WE SEE THE IMF COMING OUT HERE WITH SOME MAJOR NEWS AT THE VERY END OF THE YEAR!
SHE “LEGARDE”, CLEARLY SEES A PROBLEM WITH THAT TERM I MENTIONED TO YOU EARLIER IN MY POST ABOUT “NORMALIZATION”!
SHE OBVIOUSLY BELIEVES IT WILL BE A PROBLEM IN ITS ACCOMPLISHMENT! SHE GOES ON TO SAY THAT A SIGNIFICANT IMBALANCE HAS OCCURRED WITH CHINAS ECONOMY SLOWING DOWN WITH THE U.S. TRYING TO RAISE RATES! SHE SAYS THAT THERE WILL BE A SIGNIFICANT AMOUNT OF IMBALANCE! MMMM
SHE FURTHER EXPLAINS THAT THE SIGNIFICANT AMOUNT OF QE THAT HAS BEEN DONE HAS CREATED AN EXCESSIVE AMOUNT OF 3 TRILLION IN BORROWING!
HOLY DEBT LOAD BACKMAN!
ON TOP OF THAT SHE WARNS THAT ECONOMIC OUTPUT WILL DROP 3% OVER THE NEXT 2 YEARS! HANG HERE WITH ME A SEC. WE CURRENTLY ARE MAYBE AROUND 1% GROWTH THEREFORE WE WILL SEE POSSIBLY 2% NEGATIVE GROWTH OR VERY SIMPLY 2% DEFLATION! BINGO!
AND NOW FOR THE CHERRY ON TOP, SHE SAYS THAT FED DOLLAR DENOMINATED DEBT OF BUSINESSES OR ENTERPRISES IS AT RISK! WOW!
OK GUYS, NOW YOU ARE BEGINNING TO UNDERSTAND WHY YOU NEED TO STAY ON THE ASSET BACKED TRAIN! DOLLARS ARE NOT ON THIS RAILROAD! DOC IMO
Thunderhawk: IMF Managing Director Lagarde: 2016 global economic
Explained between 2004-2014, Lagarde said. Most highly developed economies will continue to need to relax monetary policy.
IMF has urged the European Central Bank and the Bank of Japan continued to implement its unprecedented quantitative easing policy, warned that this could lead to tighter credit conditions and rising debt service costs in emerging markets, IMF expects global economic growth will be 3.6 percent in 2016, emerging market companies In the past 10 years has been “excessive borrowing” $ 3 trillion,
Lagarde highlighted the United States to raise interest rates for the first time in nine years to produce the “spillover” effect, but Lagarde in the German “Handelsblatt” the author says Raja Germany warned, IMF financial stability report, the private sector debt has increased 3 times, a large number of defaults may “infect” the banking system and governments, the British “Daily Telegraph” website 31 December 2015 reports, and In the uncertain global environment to maintain record low interest rates.
According to Xinhua News Agency, British media said, “the global economic output will be down 3% in the next two years, after the Fed’s decision to raise interest rates, the dollar-denominated debt of enterprises, especially at risk, difficult global economic recovery in 2016 it will continue to disappoint, according to IMF statistics
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Backdoc: REMEMBER AWHILE BACK WE TOLD YOU THAT AMRO WOULD OVERSEE THE ASEAN COUNTRIES, WELL HERE YOU ARE!
YOU SEE THE STRUCTURE IS STARTING TO FALL IN PLACE NICELY! WE KNOW THAT WEATHER OR FINANCIAL HARDSHIPS COULD BE POSSIBLE IN THIS SHEMITAH YEAR AND THE ABILITY TO DO CURRENCY SWAPS AMONG COUNTRIES WILL ACT AS BAILOUTS FOR ANY CIRCUMSTANCE.
AMRO WILL ACT IN THIS CAPACITY ON BEHALF OF THE IMF! DOC IMO
Thunderhawk: Asian version of “IMF” to the inauguration = also to international organizations in this spring – Japan initiative of the Economic Research organization
Japan, China, South Korea, such as the 13 countries to join Indonesia “Association of Southeast Asian Nations (ASEAN) plus 3 Macro Economic Research Office (AMRO)” is promoted in international organizations in this spring. Japan led the Asian version and the positioning of the International Monetary Fund is the guardian of the international financial system (IMF), aims to such warning systems strengthening of the currency crisis.
AMRO was established in April 2011. Economists were dispatched from participating countries survey and analyze the economic and financial situation in the Asian region. At the time of the currency crisis, I responsible for recommending imposition of the Chiang Mai initiative each other flexible foreign currency (CMIM) in 13 countries.
for now it is not only one corporation of Singapore headquartered, was often view that immature as an organization on the grounds, such as human resources flame. It needs the approval of the national parliament in agreement entered into force to implement the international organization, but the Japan has already completed the procedure, a prospect to be approved until this spring even in the rest of the country stood.
Improved creditworthiness in the promotion of international organizations, An increase is research and analysis capability through collaboration and exchange of information with such as IMF, the stronger presence of AMRO. The ’15 entered the US rate hike phase, funds flows out in the emerging countries, spark a currency crisis is smoldering, such as the currency is sold. Significance to strengthen the monitoring system for early detection of the bud of crisis is greater.
Backdoc: THE ASSET-BACKED NEW REALITY WILL SEE SIGNIFICANT GROWTH IN THE YUAN AS WE ALL KNOW AS CHINA FULFILLS ITS ROLE WITH THE AIIB, AND BRICS AS IT BEGINS TO TAKE ITS’ ROLE AS A SERIOUS RESERVE CURRENCY AS IT BEGINS TO BUILD OUT THE NEW SILK ROAD. DOC IMO
Thunderhawk: Chinese Renminbi Key Currency for Argentina’s Financial Stability: Experts
2016-01-02 15:03:48 Xinhua Web Editor: Guan Chao
The Chinese currency renminbi (RMB) is key for the financial stability in Argentina, which intends to boost its economy by seeking new investments in such sectors as infrastructure, local experts have said recently.
“The role of the RMB as an international trading currency is growing,” he said, adding that both the number of companies using the RMB to carry out operations and the number of banks accepting such payments are on the rise.
By 2020, around 50 percent of China’s foreign trade will be conducted via the RMB, according to the data released by Hong Kong-based bank HSBC.
The Industrial and Commercial Bank of China (ICBC) in September announced the launch of local RMB clearing services in Buenos Aires, the capital of Argentina, marking an important step in the RMB’s internationalization in Latin America and the Caribbean region.
“With the IMF’s including the RMB in its basket of reserve currencies, this currency now becomes a desired component for any central bank,” said Diego Guelar, who was named Argentina’s ambassador to China in early December.
“We must understand that this operation is becoming a more normal loan than the old swaps. The yuan has evolved as a reserve currency,” he said.
Gustavo Girado, director of the Asia and Argentina consultancy, said that “it is good news every time two growing economies find a way to eliminate obstacles.”
“It would help China and Argentina become integral partners. It would create a deeper commercial and trade relationship as well as a number of other opportunities,” he added.
Gabriel Holland, director of Financial Advisers HR Global, said that “the relative weight of the RMB will grow ever stronger in global trade and finance at the expense of the current main players. This is certainly good news as it brings about opportunities that can be used intelligently.”