Thunderhawk: QUESTION – OK so why is china stockpiling oil???? MMMM anyone???
Mountainman: Perhaps….{PREPARING} for Their ENTRANCE to the SDR Basket “WHERE”…….A NEW VALUE Will be Found……???…IMO
Blessings,Mountainman (8)=New Beginnings………For CHINA and MANY More…….
BACKDOC: WELL THUNDER, IF YOU KNEW THAT THE WORLD WAS ABOUT TO FIGURE OUT THAT THE DOLLAR WAS NO LONGER PEGGED TO THE DOLLAR ANYMORE AND OIL WAS GOING TO COST YOU A LOT MORE IN THE VERY NEAR FUTURE WHAT WOULD YOU DO? THAT’S RIGHT BUY, BUY, BUY!
YOU SEE THERE IS A VALUE CHANGE COMING AND IT WILL COST CHINA MUCH MORE LATER THAN IT DOES NOW FOR ITS OIL!
THE PROCESS OF CHANGE WILL BEGIN IMO LATER THIS WEEK IF A RATE FOR ALL THE EMERGING COUNTRIES LAUNCH THEIR RATES!
WITH EVERYONE READY ITS SIMPLY ONLY A QUESTION OF TIMING NOW!
THERE IS A VALUE CHANGE COMING GET READY! DOC
Thunderhawk: Backdoc Alert
Crude Oil Tankers Bound For China Surge Amid Stockpiling Signals
China, the world’s second-biggest crude consumer, may be poised for another increase in imports after the number of supertankers bound for the Asian country’s ports rose to a 16-month high amid signs it’s stockpiling.
There were 83 headed to China, the most since December 2014, according to a ship-tracking snapshot compiled by Bloomberg on Friday. Assuming standard cargo sizes, they would be able to deliver about 166 million barrels.
China is hoarding crude at the fastest pace in at least a decade, filling inventories at a time when oil futures remain about 60 percent below where they were just two years ago. The nation added 787,000 barrels a day to stockpiles in the first quarter, the most for the period since at least 2004 when Bloomberg started calculations based on customs data. Its imports climbed in March from countries including Iran, Venezuela and Brazil. Read More At:
http://www.bloomberg.com/news/articles/2016-04-25/crude-oil-tankers-bound-for-china-surge-amid-stockpiling-signals
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Mountainman: Yikes……CHINA…….The Domino that STARTS the FALL of the REMAINING DOMINOS……..The IMF had Keyword{TRANSITION}…….In Many GLOBAL ARTICLES…..and NOW we See the NEW REALITIES becoming MORE TRANSPARENT……..LOOK Out (BELOW)……SHEESH…..IMO Blessings,Mountainman (8)=New Beginnings
BACKDOC: THERE’S NO SURPRISE TO CHINA’S DEBT AS I HAVE TAUGHT YOU WELL BY NOW BUT MY THOUGHT TONIGHT FOR YOU IS THAT WE WILL SEE THE VALUE CHANGE COME FROME THE EAST AND MOVE TO THE WEST!
YES WE EXPECT A RATE SOON BUT YOU BETTER KNOW WHAT YOU ARE DOING ONCE ITS HERE BECAUSE THERE IS DANGER AHEAD! I’M STAYING IN ASSET BACKED ASSETS UNTIL THE TRANSITION IS COMPLETE. DON’T EXPECT THAT TILL JANUARY!
FOR NOW I WILL ELIMINATE ALL DOLLAR DEBT AND ONLY TRANSITION TO DOLLARS WHAT I CAN SPEND THAT WILL BE SECURITIZED LIKE LAND, ASSET BACKED BONDS IF AVAILABLE, METALS WILL BE GOOD BUT WILL LIKELY DROP IN COMPARISON TO THE EMERGING COUNTRIES CURRENCIES, AND BY ALL MEANS NOT FIAT TREASURY BONDS (OUCH),!
JUST MY THOUGHTS AND NOT INTENDED FOR ADVICE! DOC IMO
Thunderhawk: China debt load reaches record high as risk to economy mounts
China’s total debt rose to a record 237 percent of gross domestic product in the first quarter, far above emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in growth, economists warn.
Beijing has turned to massive lending to boost economic growth, bringing total net debt to Rmb163 trillion ($25 trillion) at the end of March, including both domestic and foreign borrowing, according to Financial Times calculations.
Such levels of debt are much higher as a proportion of national income than in other developing economies, although they are comparable to levels in the U.S. and the eurozone.
While the absolute size of China’s debt load is a concern, more worrying is the speed at which it has accumulated — Chinese debt was only 148 percent of GDP at the end of 2007.
“Every major country with a rapid increase in debt has experienced either a financial crisis or a prolonged slowdown in GDP growth,” Ha Jiming, Goldman Sachs chief investment strategist, wrote in a report this year.
The country’s present level of debt, and its increasing links to global financial markets, partly informed the International Monetary Fund’s recent warning that China poses a growing risk to advanced economies. Read more at:
http://www.cnbc.com/2016/04/24/financial-times-china-debt-load-reaches-record-high-as-risk-to-economy-mounts.html
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Mountainman: ANYONE Play GLOBAL MARKET PINBALL Lately???……Yah Me Neither…..However this ALL POINTS BULLETIN, tells the BIG STORY for WALL STREET and MAIN STREET……GLOBALLY Speaking that is……Let the MARKET TURMOIL Begin…..TOWARDS A NEW REALITY W/In…….IMO
Blessings,Mountainman (8)=New Beginnings
Thunderhawk: Backdoc Alert
This could bring on the volatility in the week ahead
Apple, Facebook, ExxonMobil and dozens of other major companies report earnings in the week ahead, but central banks could bring on the volatility.
There is also a heavy schedule of economic reports in the coming week, including first quarter GDP on Thursday. Economists expect a barely positive number, and most forecasts are looking at growth under 1 percent. There are also durable goods Tuesday, international trade Wednesday and personal income and spending for March on Friday.
Oil inventory data from American Petroleum Institute on Tuesday afternoon and the Energy Department Wednesday morning will also be watched, as all markets are keeping an eye on oil prices. Brent was up almost 5 percent for the week to just above $45 a barrel, and the S&P energy sector was the best performer for the week — up 5 percent. The jump in oil prices surprised traders who were looking for a sell-off after producing nations failed to reach a deal to freeze production last weekend.
Stocks were higher in the past week, with the S&P 500 at 2,091.58, up 0.52 percent. The Dow was up 1.4. Stock strategists are looking for a breakout to the upside, even as yields look set to move higher.
In the coming week, the Fed meets Tuesday and Wednesday, and it is widely expected to take no action on rates, while sticking to its message that a rate hike isn’t imminent.
“I think they will try their darndest to avoid any kind of policy change in their language,” said Jeff Rosenberg, BlackRock’s chief investment strategist for fixed income.
But then there’s the Bank of Japan, which meets Thursday. “There’s greater uncertainty with regard to what Japan is going to do,” said Rosenberg. “I think the bigger question is whether it will have any impact.” The last time the bank took action, it announced negative yields. As if in defiance, the yen ripped higher, and the negative yields ignited market fears that the program would be negative for banks.
There’s speculation the BOJ could announce more asset purchases and take steps to apply negative rates to bank loans. “That is the potential risk. That would be viewed as them trying to fine tune the negative rate story so it actually helps the banking system,” said George Goncalves, head of rate strategy at Nomura. He said the purchases most likely will be of more Japanese equity ETFs.
“I think it’s all about what they’re trying to achieve and can they do it. Even if it doesn’t work long term, will it cause a market reaction? We have to be prepared for it. I think the Bank of Japan will give it a go next week, and it will be more important than the Fed,” said Goncalves. “If the Fed can give a lukewarm hawkish message, and they get it right, that will keep the dollar from rallying and push long-term rates higher while pushing back hiking expectations a little more.” He explained in a “lukewarm hawkish” message the Fed would appear to be intentionally holding off on rate hikes even though conditions have improved since its last meeting.
Goncalves said if the Fed is then followed by a dovish BOJ, that could push the 10-year yield closer to 2 percent. The yield on the 10-year was at 1.88 percent Friday, well above the 1.75 percent the week earlier.
Rosenberg said the markets are reversing the flight to quality trade from earlier in the year.
“I think we’ve had a rebound off of the beginning-of-year global concerns,” said Rosenberg. “It’s notable that both the Fed and the ECB (European Central Bank) cited the global concerns when describing the impacts on their policy rather than developments in their domestic economies. … It’s really about relieving some of those risks.”
Rosenberg said he believes the turn in the market came when oil and commodities reversed course in February. A big factor was China, when it took steps in mid-February to soothe concerns about a significant yuan devaluation. The Fed also played a role, changing its forecast from four rate hikes this year to two, and taking pressure off the dollar.
“The Fed changed its message on its pace of normalization in March. The market started to anticipate that in February, but they made good on it in March. That was important,” he said. Rosenberg said the risks are still there but they’ve moved to the background for now.
Rosenberg said China effectively calmed global fears when it emphasized policy to bring stabilization, using its traditional lever of credit growth to encourage production in real estate and infrastructure.
China was a key concern of the Fed, as it had been for the markets during the sell-off in January and February. Traders are now watching corporate earnings to see if there are any signs of change coming on that front. Caterpillar’s CEO Doug Oberhelman said he believes his business is bottoming and he hopes 2016 will be the last down year.
“We’ve seen actually an adjustment upwards in China in the first quarter, which is kind of nice. It’s the first time we’ve talked about that in a couple [or] three years,” he told CNBC. He said China is stimulating and it is showing up in some large products. “Hopefully that will be sustained; something they do throughout the rest of the year.”
But even with the stock market’s gains, individual issues took a beating if they were the bearer of disappointing earnings news. High-profile misses have been seen, particularly in tech where Alphabet, IMB and Microsoft all disappointed.
But there is also a view that the worst is over for the corporate profit recession.
“This will be the fourth quarter of no earnings growth, but this is the call, truly, that this is the end of that. It may be the case where this started in the second quarter of last year, so year over year the second quarter is going to show earnings growth. That will be a very important signal,” said Art Hogan, market strategist at Wunderlich Securities. “The guidance as a whole has been a lot less about pointing to the dollar and plunging oil prices.”
Apple’s earnings will be another test this week, since so many tech names have disappointed. But Scott Wren, senior equities strategist at Wells Fargo Investment Institute, does not expect it to make a difference to the market.
“That’s not going to be anything that’s going to throw off the entire earnings season, if it misses or gets a positive boost if it beats. Overall, this earnings season is like the last eight earnings seasons,” Wren said. “All it does is confirm we’re in a very modest growth, modest inflation environment. Clearly the market is looking way beyond the first quarter.”
Wren, like others, expects the S&P to take out its 2,134 high. “We’ll grind higher and test that 2,134 intraday high, but I would not think we make it through the first time or even the first couple of times. I think the market wants to go up, but we’ve come a long way. There’s definitely a bid to the market.”
What to Watch
Monday
Earnings: Halliburton, Xerox, First Data, KKR, Crane, Ethan Allen, The Container Store, Express Scripts, Canadian National Railway, Pioneer Natural Resources, Zions Bancorporation
10 a.m. New home sales
Tuesday
Federal Open Market Committee begins two-day meeting.
Earnings: Apple, 3M, DuPont, BP, AT&T, Fiat Chrysler, Procter & Gamble, Coach, Eli Lilly, Hershey, Martin Marietta Materials, Ingersoll Rand, Corning, Entergy, Whirlpool, T. Rowe Price, Lockheed Martin, JetBlue
8:30 a.m. Durable goods
9 a.m. S&P/Case-Shiller
9:45 a.m. Services PMI
10 a.m. Consumer confidence
1 p.m. $26 billion two-year note auction
Wednesday
Earnings: Facebook, Boeing, GlaxoSmithKline, United Technologies, Total, Mondelez, General Dynamics, Dr Pepper Snapple, Boston Scientific, Comcast, Baker Hughes, Anthem, Nasdaq OMX, Hess, International Paper, Southern Company, Northrop Grumman, Goodyear Tire, Marriott
8:30 a.m. International trade
10 a.m. Pending home sales
1 p.m. $34 billion five-year note auction
2 p.m. FOMC statement
Thursday
Earnings: Amazon.com, Viacom, Amgen, Gilead, ConocoPhillips, Deutsche Bank, Colgate-Palmolive, Bristol-Myers Squibb, MasterCard, Altria, Ford, Dow Chemical, Celgene, Air Products, Aetna, UPS, Eaton, Beazer Homes, Marathon Petroleum, Potash
8:30 a.m. Initial claims; real GDP Q1
10 a.m. Housing vacancies
1 p.m. $28 billion seven-year note auction
Friday
Earnings: ExxonMobil, Chevron, AstraZeneca, Eaton, VF Corp, Cabot Oil, Calpine, Moody’s, American Tower, Tyco, Phillips 66
6:30 a.m. Dallas Fed President Rob Kaplan
8:30 a.m. Personal income; employment cost index
9:45 a.m. Chicago PMI
10 a.m. Consumer sentiment
http://www.cnbc.com/2016/04/22/this-could-bring-on-the-volatility-in-the-week-ahead.html
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Mountainman: OUCH……Many In this {TRANSITION} Will be HIT HARD w/FIAT REALITIES……BONDS……and Much More…..It is A STORM that Has Been On the HORIZON for Some TIME Now……and Here it is {ARISING} w/MULTIPLE FRONTS In it’s PATH…..And MANY MORE {BEHIND} As Well…….IMO Blessings, Mountainman (8)=New Beginnings
BACKDOC: OK AL, LET ME ASK YOU A QUESTION. ONCE YOU HAVE YOU RATE AND CAN SWAP YOUR CURRENCY FOR DOLLARS, WOULD IT MATTER TO YOU IF YOUR DOLLARS LOST HALF OR MORE OF ITS INTERNATIONAL PURCHASING POWER AFTER YOU EXCHANGED IT TO DOLLARS? MMMM
I GUESS IF IT MATTERS TO YOU THEN TRY TO CONSIDER WHY AND WHAT WE TEACH YOU ABOUT THE TRANSITION INTO THE NEW REALITY MY FRIEND! THE GAME ISN’T OVER WITH A RATE! WE ALL WISH IT WAS THAT EASY BUT NOT EVEN ON A GOOD DAY! LOVE YA BROTHER! DOC
Thunderhawk: Backdoc Alert
Make No Mistake: Puerto Rico Will Default on May 2, Moody’s Says
Make no mistake about it: Puerto Rico will default in May on some of the $470 million it owes, according to Moody’s Investors Service.
The cash-strapped commonwealth is expected to fall short of paying $422 million to holders of bonds from the Government Development Bank, the credit rater said Friday in a report. It may also default on debt from the Employees Retirement System, Industrial Development Co. and Highways and Transportation Authority because the GDB has just $562 million in liquidity as of April 1, Moody’s said.
“These impending defaults would follow the government’s efforts to emphasize its severe cash depletion during the past year,” Moody’s analysts led by Ted Hampton and Emily Raimes wrote. “Even if federal oversight legislation is passed by the end of next week, Puerto Rico will still default because the commonwealth treasury and the GDB, which has long been the government’s fiscal agent, have insufficient liquidity for upcoming debt payments.”
Moody’s expects Puerto Rico to pay the less than $3 million owed to holders of general-obligation bonds and securities guaranteed by the commonwealth’s constitution to “avoid the almost certain litigation that would quickly follow.” Sales-tax backed debt, known by the Spanish acronym Cofina, will pay with funds already deposited with the trustee.
Appropriation debt from the Public Finance Corp., which accounts for 75 percent of all Puerto Rico defaults so far, will fail to pay yet again, Moody’s said.
http://www.bloomberg.com/news/articles/2016-04-22/make-no-mistake-puerto-rico-will-default-on-may-2-moody-s-says
BACKDOC: IT’S JUST HOW A TRAP WORKS ISN’T IT? YOU GET EVERYONE BELIEVING WHERE TO GO IS SAFE AND YOU SET THE TRAP!
CAN YOU IMAGINE HOW ANGRY INVESTORS ARE GOING TO BE WHEN THEY ONLY GET A MEAGER RETURN OR ALMOST NONE IN SOME CASES AND MAY END UP TRAPPED FOR THE LIFE OF THE BOND AFTER THE VALUE DROPS HALF OR MORE? WOW! MOST WILL BE WIPED OUT FROM THIS!
I CAN’T THINK OF A RISKER PLACE TO BE THAN FIAT BONDS! DOC IMO
Mountainman: SHEESH DOC…..We NEED GLOBAL CPR……Because these PEOPLE are Going to Have {HEART ATTACKS}…..After they “REALIZE”
How Much that OLD FIAT is COSTING THEM…….BONDS…..Forget that GUY…..LOL…..JAMES……OLD BEN…..Is BEEN BETTER in Days Past……But CURRENT/CY/LY…..Not a GOOD {PROGNOSIS}……Anyone Know….A GOOD DOC……LOL…..Blessings,Mountainman (8)=New Beginnings…..For MARKETS……EVENTUALLY…IMO
Thunderhawk: Backdoc Alert
It’s Dangerous Out There in the Bond Market
Bond investors are taking bigger risks than ever before.
Yields on $7.8 trillion of government bonds have been driven below zero by worries over global growth, meaning money managers looking for income are pouring into debt with maturities of as long as 100 years. Central banks’ policy is exacerbating matters, as the unprecedented debt purchases to spur their economies have soaked up supply and left would-be buyers with few options
While demand has shown few signs of abating, investors are setting themselves up for damaging losses if yields rise even a little from their rock-bottom levels. Based on a metric called duration, a half-percentage point increase would result in a loss of about $1.6 trillion in the global bond market, according to calculations based on data compiled by Bank of America Corp. This year alone, the danger of owning debt has surged by the most since 2010, raising concerns from heavyweights such as Bill Gross.
“It takes a fairly small move out in rates on the long-end to wipe out your annual return,” said Thomas Wacker, the head of credit of the Chief Investment Office at UBS Wealth Management, which oversees $2 trillion in assets. Longer-maturity debt is “not something we are particularly keen on,” he said.
Investors continuing to buy bonds even when they pay next to nothing suggests deep concern over the state of the global economy. This month, the International Monetary Fund warned the threat of worldwide stagnation was rising because economic expansion has been so tepid for so long. It also chopped its 2016 growth forecast to 3.2 percent from 3.4 percent in January. Read More at:
http://www.bloomberg.com/news/articles/2016-04-24/most-dangerous-bond-market-in-history-divides-blackrock-allianz
BACKDOC: WHEN MAJOR LEADERS BEGIN TO BREAK DOWN IN PRICE LIKE THESE TWO MONSTERS THE MARKET IS IN DANGEROUS WATERS! MICROSOFT LOST 30 BILLION OF VALUE IN 1 DAY! OUCH!
EARNINGS ARE IN A SPIRAL DOWNWARD AFTER BEING LOWERED LAST QUARTER! WE ARE HEADED FOR A SERIOUS CRISIS GLOBALLY AND CHINA IS LEADING THE WAY DOWN!
ONE THING TO NOTE IS THAT OIL IS GOING AGAINST THE TREND NOW ISN’T IT? WHY? BECAUSE IT’S THE NEW ONE WORLD CURRENCY!
VALUE WITH NOW BE DETERMINED BY THE CURRENCY VELOCITY OF THE SDR CURRENCIES THAT SETTLE ALL OIL SALES GLOBALLY! DOC IMO
….
Thunderhawk: Backdoc Alert
Nasdaq 100 Tumbles as Microsoft, Alphabet Earnings Disappoint
Disappointment with earnings pummeled shares of Microsoft Corp. and Google parent Alphabet Inc., sending the Nasdaq 100 Stock Index to the steepest drop in two weeks.
While the tech-heavy Nasdaq slid, gains in crude oil boosted energy producers, curbing the Standard & Poor’s 500 Index’s decline. Technology shares in the benchmark index capped the biggest slide since Feb. 5, with Microsoft and Alphabet down at least 5 percent. Banks rebounded to a three-month high, and Norfolk Southern Corp. jumped the most since November as earnings beat estimates and the railroad increased its cost-cutting goal.
The Nasdaq 100 dropped 1.5 percent to 4,474.19 at 4 p.m. in New York, paring a 2.2 percent retreat, with Microsoft falling the most in almost 15 months. The S&P 500 was little changed at 2,091.58, wiping out a 0.5 percent decline. The gauge gained 0.5 percent for the week. The Dow Jones Industrial Average added 21.23 points to 18,003.75, erasing a 72-point slide. The Russell 2000 Index climbed 1 percent as energy shares jumped 3 percent.
“The big tech names that have reported in the last day are having a negative influence on major index returns,” said Mark Luschini, chief investment strategist at Philadelphia-based Janney Montgomery Scott LLC, which manages $54 billion. “Valuations in the U.S. equity market are full, so market participants are becoming more demanding about what they’re expecting for future gains. The news on the economic front has been steady, if not unspectacular, and the earnings picture has been mixed at best.”
With the flow of corporate earnings picking up, equities have lost momentum in the last three sessions as results failed to inspire investors to fatten a rally that’s lifted the S&P 500 more than 14 percent from a 22-month low in February. A recovery in oil prices, optimism that central banks will continue their efforts to boost growth and signs of improvement in China had bolstered the rebound, with the gauge this week briefly coming within 1 percent of a record set last May. Read More at:
http://www.bloomberg.com/news/articles/2016-04-22/u-s-index-futures-little-changed-as-microsoft-alphabet-fall
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Mountainman: As the BIG 500……Are Selling Off and have Been [PREPARING] to WEATHER the STORM……It has Been Something to Be AWARE Of……Over the Last 2 Years+…….Much has HAPPENED GLOBALLY….and NOW…..The HAND WRITING IS ON EVERYBODY’S WALL…….IMO
Blessings,Mountainman (8)=New Beginnings
BACKDOC: THE PROBLEM HERE WITH A SPIRAL OF EARNINGS IS THAT IT LOWERS A STOCKS VALUATION!
DEPENDING ON GROWTH MANY COMPANIES ARE VALUED AT 15 TIMES EARNING, SO IF EARNINGS PLUMET AND WORSE YET IF THERE IS NO GROWTH VALUE WILL HAVE TO SHRINK!
THIS IS THE BUSIEST REPORTING WEEK OF THE YEAR WHICH USUALLY INVITES VOLATILITY IN MARKETS! KIND OF A DAY OF RECKONING SO TO SPEAK. LET’S WATCH AND SEE HOW IT GOES AND SEE IF THERE ARE PLENTY OF DISTRACTIONS FOR A FEW COUNTRIES TO FLAUNT A NEW VALUE! HEE HEE LOOKIE LOOKIE OVER HERE! DOC IMO
Thunderhawk: Backdoc Alert
Morgan Stanley Says Never Mind S&P 500’s Earnings Gap: Chart
The gap between two profit measures for the Standard & Poor’s 500 Index has grown to the widest level since 2009, fueling concern that earnings quality is deteriorating. To Morgan Stanley, such worries are unfounded.
The difference between operating profit to income under generally accepted accounting principles, or GAAP, is mostly driven by a small number of companies — five firms account for a third of the discrepancy, according to a study by strategist Adam Parker. Moreover, the measure has a bad record for identifying winners — buying stocks with the lowest earnings spread and selling those with the widest has produced a loss of 26 percent since 1985.
http://www.bloomberg.com/news/articles/2016-04-22/morgan-stanley-says-never-mind-s-p-500-s-earnings-gap-chart
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Mountainman: Oh YES….HELLO UNWTO…..and {ALL} Who will have A MAJOR ROLE in this HISTORIC East to West UNIFIER……The WEALTH and Ease of The FUTURE FAST TRACK RAILWAY will Create a Reemergence of Many NATIONS Beninfiting…this NEW SILK ROAD…
As Far as TERRORISM goes A UNIFIED FORCE of GLOBAL Partners Will RISE to Handle these ISSUES…..IMO Blessings,Mountainman (8)=New Beginnings
Thunderhawk: Iran ready to help revive Silk Road
Vice President and Head of Iran’s Cultural Heritage, Handicrafts and Tourism Organization Masoud Soltanifar said Iran is ready to help expedite the revival of ancient ‘Silk Road’ for culture and trade.
Addressing the Sixth UN-WTO Silk Road Task Force Meeting in Orumieh on Sunday, Soltanifar said the ‘Silk Road’ has served as a route for political, cultural and tourism interactions between Asia and Europe over the centuries and has brought about the development for many countries, Fars News Agency reported.
The ‘Silk Road’, or ‘Silk Route’, was an ancient network of trade routes that were central to cultural interaction through the Asian continent connecting the West and East from China to the Mediterranean.
“Iran, as the heir of ancient Persia, in the center of the Silk Road has linked Eastern and Western countries throughout history,” he added.
The official noted that the ‘Silk Road’ has been a route for exchange of goods between countries and civilizations but unfortunately with the spread of terrorism and certain differences, some controversies have emerged.
Soltanifar said promoting friendship between the ‘Silk Road’ states require greater efforts to resolve these issues.
He called for expanding continental cooperation and ending disputes between countries in the coming decade in order to help revive the ancient trade route.
The three-day UNWTO Silk Road meeting is currently underway in Orumieh with the participation of representatives from UNESCO, World Tourism Organization, and delegates from more than 33 Silk Road countries. It will end today.
http://iran-daily.com/News/140141.html?catid=3&title=Iran-ready-to-help-revive-Silk-Road
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BACKDOC: I DON’T THINK IT WAS AN ACCIDENT THAT THE UK BECAME THE LARGEST INTERNATIONAL EXCHANGE FOR THE YUAN!
I THINK THE ROAD IS BEING PAVED WITH A NEW COOPERATION WITH CHINA AND THE UK ENDING IN A TRIANGLE WITH SAUDI ARABIA!
WE CONTINUE TO SEE THE DRAMA OF SAUDI ARABIA BEGINNING TO BREAK ITS TIES WITH THE USA! INTERESTING TO SEE DRAMA INCREASE IN THAT ARENA.
REMEMBER I TOLD YOU WEEKS AGO WHY THIS WOULD HAPPEN! IT HAS TO BECAUSE OZ HAS TO BALANCE THE CURRENCY VELOCITY OF ALL SDR CURRENCIES!
WHAT KIND OF A WORLD WILL IT BE WHEN THERE IS NO INFLATION AND VIRTUALLY NO GLOBAL GROWTH? MMMMM
OF COURSE COUNTRIES LIKE IRAQ,VIETNAM,INDONESIA,AND IRAN WILL BE ON A TEAR BUT MOST COUNTRIES WILL BE EVEN OR CONTRACTING!
WHEN WISHES CAN NO LONGER BE PRINTED A GLOBAL NEW REALITY WILL BE FOUND! DOC
Thunderhawk: Backdoc Alert
Opinion: Why Brexit could lead to the breakup of the United Kingdom
Brexit could mark Cameron as the worst U.K. leader since the U.S. Revolutionary War
David Cameron is in danger of going down in history as the most disastrous British Prime Minister since Lord North lost the 13 colonies in the American War of Independence more than 200 years ago.
This isn’t because of his policies on austerity, welfare reform or foreign affairs, but simply because of the constitutional fallout should he lose the referendum on June 23 on continued British membership of the European Union.
For if Britain voted to leave the EU—or Brexit as it is commonly termed—in all probability it wouldn’t only cost Cameron his job, but also initiate an irrevocable process toward Scottish independence and the breakup of the United Kingdom.
Cameron’s chances of winning the referendum and preventing a Brexit have diminished sharply as a result of his own personal problems in responding to questions concerning his own finances stemming from the leak of documents at the Panama-based Mossack Fonseca law firm.
In essence, Cameron doesn’t seem to have done anything remotely illegal in handling his personal finances and family inheritance, but he is suffering because it took a week to drag out from him a full accounting of just how he had benefited from the Panama-registered Blairmore Investment Trust, a fund set up by his father in an offshore tax haven.
Because Cameron is leading the campaign for the United Kingdom to stay in the European Union, anything that weakens him weakens the campaign.
Moreover, even before the Panama revelations, he was leading a divided party with close to half of the 330 Conservative Members of Parliament considered to be either outright advocates of the United Kingdom’s withdrawal from the EU or at least skeptical of continued British membership (as for the party membership and particularly party activists, they are overwhelmingly anti-EU).
Now, with Cameron setting a precedent for British politicians in disclosing his tax returns, he is putting other MPs under pressure to disclose their own finances, which many of them may not appreciate.
How does this impact on Brexit? The answer lies in the assumption that if Cameron loses the vote, or even if he only secures a narrow victory, he will be forced by his own party members to resign as Prime Minister. And with a new leader, particularly in the event of a Brexit, there may well be a diminished focus on personal finances.
With nine weeks to go before the referendum, opinion polls remain split on the outcome. But the Brexit campaigners have been far more lively, and with the Conservative Party becoming ever more fractious, the ability of Cameron to run a coherent campaign to secure a popular vote in favor of staying becomes increasingly questionable.
Cameron did not do himself any favors when he sought to deflect attention from his own finances by announcing the publication of a government document—which cost £9 million to produce—outlining why the government thought it made sense for the United Kingdom to stay within the EU. This provoked a storm of protest from those in favor of a Brexit arguing that it was unfair for the government to use public funds to support its case in advance of the official launch of the referendum campaign, which only started a few days later.
The tightness of the referendum contest makes it reasonable to consider the consequences for the unity of the United Kingdom should the Brexit campaign triumph (and it is a mark of the “Remain” campaign’s weakness that so far there is no “Remain” counterpart slogan to the simplicity of “Brexit”).
It is almost certain that voters in Scotland will endorse continued membership of the EU, regardless of how the rest of the United Kingdom votes. This raises the question that if the United Kingdom as a whole were to vote for Brexit, would the devolved Scottish government in Edinburgh, which is run by the ardent nationalists of the Scottish National Party, be prepared to accept a future for Scotland outside the EU?
Almost certainly the Scottish government would demand a second referendum on Scottish independence. And this time it would certainly secure increased support from opposition Labour, Liberal Democrat, and even Conservative voters in Scotland, and perhaps even from some party leaders as well.
In sum, it would be very hard for the British government, whether run by Cameron or anyone else, to deny a second referendum on Scottish independence and, should such a poll be held, it would be quite likely that the 55%-to-45% rejection of independence recorded in 2014 would be reversed.
If Scotland were to vote for independence, this would of course cause massive administrative chaos in Brussels and London, as well as in Edinburgh, with simultaneous negotiations required to tackle Britain’s exit from Europe and replacement trade agreements with the EU and EU member states;
Scotland’s exit from the United Kingdom and replacement trade and security agreements; and Scottish negotiations with the European Commission to ensure either ongoing Scottish membership of the EU or some complex formula under which Scotland would have to apply for membership as a new state.
And if Scotland were to leave the United Kingdom, then what kind of a United Kingdom would be left? Would Wales be next in line for independence? At present, there is little appetite for outright independence throughout the principality.
In the long run, Scottish independence might well change attitudes. But even in the short run there could be a change of mood.
Wales’ biggest industrial complex, the Port Talbot Steelworks, is due to be sold off by India’s giant Tata Steel conglomerate. There are moves to rescue the plant, with the government promising to “co-invest” if a buyer can be found. But these are tough times with massive overcapacity in the steel industry. And if there is no rescue, and the plant closes down, then anger at a closure expected to lead directly and indirectly to the loss of 40,000 jobs would be largely directed at London.
So if there is a vote for Brexit, might it be only a few more years before the United Kingdom was either confined to a weird union of England and Northern Ireland, or formally dissolved altogether?
And would a state called England then have to fight its corner to retain the United Kingdom’s seat as one of the five permanent members of the United Nations Security Council? Other powers with an eye on permanent status in the Security Council, such as India, Brazil, and South Africa, might not consider Russia’s succession to Soviet permanent membership as an acceptable precedent.
These are all hypotheticals, but they are no longer beyond the realms of possibility and, indeed, should the very real possibility of Brexit come about, then Scottish independence would become a probability.
Cameron agreed to a vote on continued British membership of the European Union in 2012 in order to appease anti-EU rebels in his own Conservative Party. By running an increasingly erratic campaign in support of EU membership, he stands in danger of not only losing the United Kingdom’s place in Europe, but also Scotland and possibly the entire United Kingdom and its permanent seat at the United Nations Security Council.
After Lord North presided over the loss of the 13 colonies, the United Kingdom went on to gain a new world empire. This time around, it is not the loss of empire or even a shrunken future on the world stage that is really at stake, but the unity of the United Kingdom of Great Britain and Northern Ireland. If that goes, Cameron would bear the lion’s share of the blame.
http://www.marketwatch.com/story/story?guid=c582859a-0a73-11e6-bba4-78cedcde329c
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Mountainman: Grease.GREASE,….GREECE….All of A SUDDEN You are Being COURTED for Relief for Your DEBT BURDEN……Not that We…The IMF Ignored Your DEBT ISSUE Over the Last Few Years……But Now is A GOOD TIME to Bring You OUT of The SHADOWS…..So to Speak as We CONTINUE to DIRECT the Next CAST of COUNTRIES to the GLOBAL STAGE/PLAY called……The NEW GLOBAL REALITY…..IMO
Thunderhawk: Lagarde reacts coolly to Greek deficit figures
International Monetary Fund chief Christine Lagarde reacted coolly to data out on the previous day showing that Greece might have managed to beat Brussels target for belt-tightening. Figures from Greece’s statistical authority had revealed that the country registered a primary surplus, excluding interest payments and bank-rescue costs, worth 0.7 percent of gross domestic product.
The European Commission and IMF had set Athens a primary deficit target of
-0.25 percent for 2015, ShareCast News wrote.
Those numbers will change perspectives if they are accurate, Christine Lagarde reportedly said as she arrived at a meeting of Eurozone finance ministers on Friday.
“We’ve seen in the past numbers that have been revised significantly over the course of the usual revisions, so we will scrutinize those numbers very carefully,” she added.
Greece’s total public spending deficit on the other hand was still at 7.2 percent of GDP last year.
Reacting to the latest Greek data, Paul de Grawe, a former adviser to the Commission and one of the foremost academic experts on so-called Optimal Currency Areas criticized Eurogroup president Jeroen Dijsselbloem for acting as if “he has the moral high ground”.
Both debtors and creditors have a responsibility, the Dutch economist told Dutch newspaper NRC Handelsblad, adding that the risk of a Grexit from the Eurozone was ‘as high’ as 10 months ago.
That drew an angry retort from EU Commission chief Juan-Claude Juncker who reportedly said those who were restarting the Grexit debate ‘are playing with fire’.
During the previous weekend, the EU agreed to push Athens for additional reform measures worth up to 4.5 percent of gross domestic product. Of that amount, two percentage points worth — denominated ‘contingency’ measures — would only be put in motion if the country missed its targets.
According to the Washington-based lender, Greece only managed to hit its targets in 2015 by deferring paying bills and cutting public spending to unsustainable levels.
Revenues from tax collection, one of the country’s most-pressing weak-spots, had in the meantime continued to slide.
Nonetheless, since 2010 Greece had slashed spending and hiked taxes to the tune of 30 percent of annual GDP.
In exchange for such ‘contingency measures’, which the government in Athens was opposed to, the IMF and the EU would begin to study how to alleviate Greece’s debt burden, possibly as early as next Thursday.
http://iran-daily.com/News/140063.html
Mountainman: As this GOLDEN {LOVE} TRIANGLE Opens Up to CHINA and IRAN’S Relationship…..It is Imperative for BOTH to SUPPORT and COOPERATE in Each others ECONOMIES…….So GOODS and SERVICES/Energy Products will Play their Respective ROLES…..REMEMBER CHINA must be MORE CONSUMPTION Oriented in the Chinese Orient/……WHY….??? Because they have No ROOM For MANIPULATING their CURRENCY or TRADE in the NEW REALITY…… LOL….IMO
Blessings, Mountainman (8)=New Beginnings…..w/ A WAKE UP CHINA CALL…..
Thunderhawk: Iran, China to build petchem plant
Iran and Chinese CNTIC petrochemical company signed an agreement on the construction of Mehran Petrochemical Complex to produce propylene.
The Chinese company had earlier signed a deal with Iran to finance projects in the southern oil-rich regions such as Bushehr and Masjed Soleiman, Mehr News Agency reported.
The petrochemical plant will produce resin phenol and acrylic acid for the first time in Iran while concurrently providing feedstock for downstream industries in Ilam Province as well as raw material for other production units across the country.
The complex will employ the latest cutting-edge technology of Germany, France, Britain and Denmark. The products from the complex will be used in manufacturing nylon, detergents, colors, aspirin, gasoline additives and glue.
The plant will do away with the import of raw material for petrochemical and polymer industries. The complex will create 3,000 direct and indirect jobs.
http://iran-daily.com/News/139996.html
BACKDOC: ALONG WITH INDEPENDENCE ONE WOULD THINK FAILURE IS AN OPTION THEN EVEN IF ITS JUST FUNCTIONAL IN NATURE! MMMM
THIS MAY BE A SLOW AGONIZING TRANSITION WHICH ERODES VALUE! SLAP! STAY SECURITIZED DOC
I WILL AND BY THE WAY I WILL GET DIGITAL, DIGITAL, I WANNA GET DIGITAL……DOC IMO
9Thomas: Backdoc, Would you explain what you mean by : Quote: “I WILL AND BY THE WAY I WILL GET DIGITAL, DIGITAL, I WANNA GET DIGITAL……”
BACKDOC: ALL THE ASSET BACKED CURRENCIES WILL BE DIGITAL!
IRAQ MAY EVEN WITHHOLD THEIR PAPER CURRENCY UNTIL JANUARY! JUST MY OPINION! THEY MAY RELEASE COINS BECAUSE THEY HAVE INTRINSIC VALUE AND ARE MOSTLY UNLOVED BY IRAQIS.
THEY WANT TO PROMOTE THE DIGITAL BANKING PROCESS! DOC IMO
….
Thunderhawk: Draghi defends ECB independence
he European Central Bank president has launched a robust defense of the institution’s independence after criticism from Germany that rock-bottom euro interest rates are hurting savers and fuelling rightwing nationalism.
Mario Draghi used his latest press conference on Thursday to counter an attack from Germany’s finance minister, Wolfgang Schäeuble, who had said record low rates were causing ‘extraordinary problems’ for German banks and pensioners and risked fuelling the rise of Eurosceptics in Germany, the Guardian reported.
After leaving eurozone interest rates at zero at the ECB’s latest meeting, Draghi sought to stress loose policy was needed to get inflation back to the central bank’s target of ‘below but close to’ two percent. For now inflation remains well short of that and could turn negative again in coming months, he added.
Draghi warned that those who threatened ECB independence with ‘criticisms of a certain type’ were making Europe’s economic problems worse.
“We have a mandate to pursue price stability for the whole of the eurozone not only for Germany,” he said. “We obey the law, not the politicians, because we are independent as stated by the law.”
Angela Merkel countered that it was legitimate for Germans to discuss how far interest rates had fallen, but “that shouldn’t be confused with interference in the independent policy of the ECB, which I support”.
“The ECB is independent in its policies,” the German chancellor told reporters while on a visit to the Netherlands.
Draghi said a range of initiatives announced in March would need time to bear fruit but he insisted the bank’s stance was working. In last month’s unprecedented package of growth-bolstering measures, the ECB cut interest rates to an all-time low, expanded its money-printing program and reduced a key bank deposit rate further into negative territory.
http://iran-daily.com/News/139989.html
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BACKDOC: COULD THIS BE WHAT THEY WERE NEGOTIATING ON THE 14TH AND 15TH IN THE IMF MEETINGS?
AFTER THAT IS WHEN IRAN HAD A STATUS CHANGE AND IT WAS ALSO REPORTED THAT ABOUT HALF OF THE OIL SALES WOULD BE IN DOLLARS!
I GUESS THE “MAN FERRY” BETTER SPRINKLE SOME MORE DUST ON IRAN SO AMERICAN BUSINESS CAN ALSO PLAY THE GAME! DOC IMO
Thunderhawk: Kerry: US not against foreign banks dealing with Iran
The United States is not opposed to foreign banks doing business with Iran in line with the terms of last year’s historic nuclear deal between Tehran and world powers, US Secretary of State John Kerry said on Friday.
“The United States is not standing in the way, and will not stand in the way, of business that is permitted in Iran since the (nuclear deal) took effect,” Kerry told reporters before meeting with Iranian Foreign Minister Mohammad Javad Zarif, Reuters reported.
Kerry said he was trying to clear up uncertainty in the business community outside the United States about investing in Iran. The Iranian government has complained about not getting the full economic fruits of the July 14, 2015 nuclear deal.
“There are now opportunities for foreign banks to do business with Iran,” Kerry said in New York, where he attended a UN signing ceremony for the Paris climate accord.
“Unfortunately there seems to be some confusion among some foreign banks and we want to try and clarify that.”
The only exceptions, he added, would be banks and companies blacklisted by US authorities.
Read more at: http://iran-daily.com/News/140068.html
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Mountainman: Well IRAN…..Slipping Some INSIDER Knowledge eh…..???….After {ALL} these G 20 Meetings/IMF etc….The ROAD AHEAD IS PAVED W/OIL…..and By JUNE/JULY their Will be SIGNIFICANT REALITIES for MANY to BANK On…..LOL….IMO
Blessings,Mountainman (8)=New Beginnings……..FOR OIL Too…..IMO
Thunderhawk: Official: New oil contracts model approved
Head of Iran’s oil contracts committee said the government had approved the model for new contracts but it was still being processed by a commission.
Asked when the final draft of the contract will be ready for presentation, Mehdi Hosseini responded that the committee he chairs was hoping for June or July, Reuters reported.
“We are doing our best to do something in June or July,” he said, adding that the Iranian government had approved the model for the new contract.
Hosseini later told reporters that bidding and negotiations for Iran’s oilfields will start in June or July.
“The fields that will come for bidding are mostly big fields,” he said, adding that some common fields it shares with other countries would also be open to bidding.
“Bidding will begin in late June or early July,” Hosseini said.
He added that the National Iranian Oil Company may also conduct negotiations for some individual projects.
He invited international oil companies to start sending their interests on potential projects.
Iran hopes to attract international oil companies to invest in its oil sector and boost production with the new contracts.
http://iran-daily.com/News/140074.html
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BACKDOC: THIS WILL BE ALL ABOUT THE UNIVERSAL CURRENCY AND THE VALUE CHANGE AS THE DOLLAR SETS INTO THE SUNSET AS THE RESERVE CURRENCY!
THE SUN IS SHINNING ON YOU BLACK GOLD! DOC IMO
Thunderhawk: Oil prices set to rise
Oil prices rose in Asian trade on Friday, setting crude futures on course for solid weekly gains, as market sentiment becomes more upbeat despite ongoing oversupply.
International benchmark Brent crude futures LCOc1 were trading at $44.98 per barrel at 0418 GMT, up 45 cents or one percent from their last settlement, Reuters reported.
US West Texas Intermediate (WTI) crude was up 50 cents or 1.2 percent at $43.68 a barrel.
Brent has risen about 4.5 percent so far this week and WTI eight percent, putting the contracts on track for a solid price rally. Crude is up by more than two-thirds since its 2016 lows between January and February.
Traders said that sentiment in the entire commodity complex had turned more confident, with new cash being put into the market by investors, lifting prices.
Another factor has been producers taking advantage of higher prices by locking in production.
“We would expect producers in the US taking every opportunity to aggressively hedge as soon as there is opportunity when oil prices recover for short periods of time,” French investment bank Natixis said.
Falling output, especially in the United States, where many producers are shutting down following an up to 70 percent price rout since 2014, is also helping to lift the market.
Natixis said it expected US oil production to drop by at least 500,000 to 600,000 barrels per day (bpd) this year, compared with 2015, and by another 500,000 bpd in 2017.
Despite the recent rally, oil markets remain oversupplied as between one and two million barrels of crude are being pumped out of the ground every day in excess of demand, leaving storage tanks around the world filled to the brim with unsold fuel.
“The energy complex remains volatile ahead of the first quarter of 2016 reporting period which will likely be worse than what we thought was already an ugly fourth quarter 2015,” US investment bank Jefferies said.
http://iran-daily.com/News/139990.html
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Mountainman: As The NEW REALITY gets CLOSER and More {TRANSPARENT} More FLEXING and PRESSING will Result in CHANNELS of IRAN’S Banking w/Other COUNTRIES like S.AFRICA and More…..says J.Kerry….WHY NOW….JOHN…..Inquiring {MINDS} Want to KNOW…….LOL…..And YES we KNOW WHO Joins You In the NEAR TERM…….Hello……IRAQ…..How You Doin BABY….???
Things are LOOKING (FULL) of NEW LIFE…..Yup…..FRANK 26 said So….YES INDEED…..IMO
Blessings, Mountainman (8)=New Beginnings…..For TWO SHIA BROS……Sup…..My BROTHER from Another MOTHER…..LOL…
Seif: No restriction for Iran international banking activities
Thunderhawk: Tehran, April 24, IRNA – Governor of the Central Bank of Iran Valiollah Seif said on Sunday that there is no restrictions for Iran’s international banking activities, except for the US banks.
Seif made the remarks in a meeting with South African Minister of Finance, Pravin Gordhan.
The CBI governor said that the Iran-G5+1 accord has lifted all sanctions related to Iran’s nuclear program but the former sanctions prior to the nuclear dispute are still remaining which have nothing to do with the nuclear talks.
He said that Iran and South Africa have satisfactory banking relations and that under sanctions, there were rupture in bilateral relations which the two sides should strive for better times due to resolution of the dispute and the sanctions were lifted.
‘Iran is the hub the region and that provides us with abundant opportunitie
Read More at: http://www3.irna.ir/en/News/82048016/
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Mountainman: Well EVERYONE Knows…..ONE DOLLAR can Only {INFLATE} So HIGH in A FIAT Before the “DAM” Blows the TIRES Off it’s AXELS……..In Other Words…..You Can’t FLOAT a CAR that is NOT made for these NEW Waters….
A BRIDGE {Must} be Built and It’s ASSETS will have {ONE} Covered Down the Road……(WHAT) Goes UP…MUST Go DOWN……Before It GOES Back Up…..
As MARKETS are Catching On…..Well…..Let’s Just Say……It’s About to Roll Over to A Ditch…..The DOLLAR…..that Is……IMO Blessings,Mountainman (8)=New
Beginnings….For A FUTURE NEW VALUED DOLLAR…..
Thunderhawk: US Dollar Set to Slide Steadily for First Time Since July 2014
Currency investors and money managers have started exiting the US dollar for the first time since mid-2014 as neither the US economy, nor central bank policy, nor corporate earnings have provided any evidence that buying into the greenback will be profitable anytime soon.
As US corporate quarterly earnings figures have proven to be a disappointment for a third consecutive quarter, and macroeconomic data indicate the broader economy is increasingly exposed to the risk of recession, US hedge funds’ bearish bets on the greenback are outweighing bullish positions for the first time since July 2014.
Investors are exiting the US currency for one more reason: the Federal Reserve’s dovishness on policy, stemming from the weak performance of the economy, with the Fed’s April policy meeting likely to end with interest rates unchanged. Subsequently, the dollar’s weakness opens opportunities for US enterprises to regain some of their international competitiveness, which they lost to the greenback’s rally in the last 18 months, while pushing oil and commodity prices higher, to the relief of select emerging markets.
The number of US hedge funds’ selling positions on the dollar surpassed buying ones by a total of 21,567 contracts in mid-April, according to data provided by the Commodity Futures Trading Commission. The greenback is thus poised to slide against its eight major peers for the first time since July 2014, easing the currently rife imbalances in international trade, relieving emerging markets somewhat, and exacerbating disinflationary pressures for Japan, where the yen’s strength is hitting exporters’ competitiveness.
Dollar bulls amongst hedge funds ruled supreme between November 2014, when the collapse in oil prices accelerated amidst the boom in US shale crude output, and December 2015, when the US Federal Reserve hiked their base borrowing costs from 0-0.25% to 0.25-0.5%.
At those moments, bullish bets exceeded selling positions by 400,000 contracts, but the high-yielding bond market crash in December, and capital wipeout from stock markets in January, followed by lackluster corporate earnings reports, weak macro data and broader recession speculation, have dramatically cooled demand for the dollar ever since.
While the Federal Reserve is poised to leave rates unchanged, and mainland China’s monetary authorities have abstained from major easing measures, resulting in a steadier FX rate for the renminbi, buying into the US dollar in no longer as profitable as it was throughout 2014-2015.
The European Central Bank’s massive stimulus, enacted in 2014, had also rendered the dollar stronger, with the US currency having rallied by 20% between mid-2014 and early 2016. However, as monetary easing policies have all but worn out throughout the world, and there is no sign of tightening policies in the US anytime soon, the dollar is sliding.
“If the Fed is talking about raising interest rates, that puts upward pressure on the dollar,” Jonathan Beinner, international bond trading expert, said. “That feeds back into weakening growth. There’s this negative feedback loop and it’s definitely pointing to a much, much slower tightening cycle in the U.S.”
The dollar has declined by 3.6% against its ten major counterparts this year thus far, according to the Bloomberg Dollar Spot Index.
Meanwhile, there is hardly an upside to the broader situation in the US economy, which could have resulted in a new dollar rally. The Q1 earnings of such majors as Alphabet (Google’s owner), Microsoft, and Caterpillar turned out to be a sheer disappointment, and the decline in profits reflected negatively on Wall Street’s performance. Amidst investor anxiety, capital inflow into the real economy is also drying out, rendering US growth slower, while the economy is already balancing on the edge of a recession.
Q1 GDP growth is estimated at 0.2% in Q1 compared to 1.4% in Q4 and an average 2.2% throughout 2015.
“There’s no clear driver that I can see that is going to ignite growth in the real economy. We continue to limp along,” Kim Forrest of Pittsburgh, PA-based Fort Pitt Capital Group said.
Subsequently, as the dollar is set for further declines, the situation in international trade might gradually roll back to its pre-2014 balance in currency and commodity value.
The weaker the dollar, the better the earnings of US-based multinationals, spurring demand for goods and services throughout the globe. However, as many central banks have massively devalued their currencies since mid-2014, the current trade imbalances would be hard to overcome quickly.
“It is central-bank ping pong,” Russ Certo of New York-based Brean Capital said. “They smash it over the net, weaken their currency, and then wait for the next turn.”
Given European Central Bank (ECB) Governing Council member Ewald Nowotny’s statement on Friday that negative rates remain vital for fighting disinflation, and the Bank of Japan (BoJ)’s commitment to expand its own negative rates regime, further slides in the euro and the yen are likely. With the dollar weakening as well, investors might consider the higher-yielding emerging markets, particularly if commodity prices rebound.
http://www.ooyuz.com/geturl?aid=11353803
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Mountainman: WOW….And NOW It’s REALIZED……WHY???…..Because ECONOMICS {AFFECTS} ALL…..It doesn’t CARE (WHAT) RELIGION/CULTURE/ or ETHNICITY……Therefore…..COOPERATION and CORPORATION merged Together=COORPORATION…..
The Suffering and CARNAGE is Shameful…..Perhaps {NOW} $$$$$$$$……..MONEYwill (HELP) to be A UNIFIER in [TIMES] Like these…..For {TIME} will TELL if it…..{RESET} their Ideological BELLS….IMO
Blessings,Mountainman (8)=New Beginnings…..For The People???…..We shall See…..IMO
Thunderhawk: United we stand, divided we fall
A new era begins between Iran and Turkey, which both obtained very fruitful outcomes following the official meeting of Turkish leaders with Iranian President Rouhani in the wake of the OIC summit.
During the 13th OIC assembly held in Istanbul, President Erdogan promoted the message of the unity of Islamic countries regardless of any sect.
Even though many cultural and political organizations, one of which is the OIC, have been ineffective in bringing forth any solid and significant results up until now, it does not mean that they never will. Since the Islamic world is suffering like it has never experienced before, it would be a grave mistake to simply sit back and watch and do nothing if we are not directly affected. It is not only a shame for humanity but completely against the moral values of the Qur’an.
The primary cause for similar institutions’ or organizations’ lack of success is the lack of unity based on a strong foundation. Similarly, the reason for the failure of the OIC up until now is the absence of a union based on the morality of the Qur’an. We all know for a fact that the Islamic world is badly fragmented and burning with the fires of war as a result.
By pointing out the importance of this matter, President Erdogan stated the situation of Muslims all over the world thusly: “From all corners of the world rise the cries of the downtrodden and the innocent. A great majority of these cries are of Muslims. Turning their faces to Istanbul, the Islamic world is now awaiting the decisions this summit will issue. The major problems that we must overcome as Muslims are the seditions of sectarianism and racism.
Read More at : http://www3.irna.ir/en/News/82045776/
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Mountainman: VIETNAM……You have Been LOOKING Sweet as well……CRUISIN……Like You Do…..IMF…….Is So PROUD of You……WHY…???
Because U S A will Need You on there {ALL STAR} TEAM……..You Know TPP……In the House, On the House, From Our HOUSE……
Yes INDEED…..IMO Blessings,Mountainman (8)=New Beginnings…..In the HOOP..
Thunderhawk: IMF positively evaluates Vietnam macro-economy
Vietnam has maintained macroeconomic stability, recorded good economic growth, and curbed inflation at a low level, creating a foundation for stronger development in the near future, the International Monetary Fund (IMF) evaluated. Read More at:
http://english.vov.vn/economy/imf-positively-evaluates-vietnam-macroeconomy-317963.vov
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Mountainman: Hey RUSSIA……TAPPING into Some VIETNAM BLACK GOLD eh……In the New GLOBAL REALITY……..{RELATIONSHIPS} Matter….
Get it ,Got it, GOOD……LOL……Blessings,Mountainman (8)=New Beginnings
Thunderhawk: Vietnam, Russia sign deals on further oil and gas exploitation
Vietnam and Russia signed an inter-governmental agreement on further geological survey and oil and gas exploitation in Russia within the framework of the Vietnam-Russia oil and gas joint venture Rusvietpetro at a ceremony in Hanoi on April 20. Read more at:
http://english.vov.vn/economy/vietnam-russia-sign-deals-on-further-oil-and-gas-exploitation-317740.vov
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BACKDOC: MORE CONFIRMATION THAT ANOTHER TRIANGLE IS DEVELOPING! THE UK, CHINA, AND SAUDI ARABIA! THUNDER WANTS ME TO CALL THIS ONE THE PLATINUM TRIANGLE! HEE HEE
Thunderhawk: Post-Brexit UK-US trade deal could take a decade, Obama tells BBC
A trade deal between Britain and the United States could take five to 10 years to negotiate if Britain votes to leave the European Union at a June 23 referendum, US President Barack Obama told the BBC in an interview broadcast on April 24.
“It could be five years from now, 10 years from now before we’re actually able to get something done,” Obama told the British broadcaster in an excerpt posted online.
Obama, who is in the last nine months of his presidential term, has spent the last three days in London urging Britons to remain part of the EU as a divided British public prepares to vote on whether to remain a member of the 28-country bloc.
He told the BBC that Britain would not get preferential treatment over the EU when it came to negotiating a new trade deal.
“The UK would not be able negotiate something with the United States faster than the EU,” Obama said. “We wouldn’t abandon our efforts to negotiate a trade deal with our largest trading partner, the European market.”
Obama’s visit and decision to intervene in the EU debate has angered the Eurosceptic “Out” campaign, which has repeatedly argued that Britain could easily negotiate deals and get better terms outside the EU.
http://english.vov.vn/world/postbrexit-ukus-trade-deal-could-take-a-decade-obama-tells-bbc-318030.vov
BACKDOC: RECENTLY WE SAW CHRISTINE LEGARDE SAY TO THE ASIAN COUNTRIES TO ACTIVATE THEIR MONETARY POLICIES REMEMBER?
AND NOW WE SEE HER PRAISING THEM FOR THE POLICIES THEY IMPLEMENTED! WOW! SLAP! DOC!
OK, PULL YOURSELF TOGETHER! OK, I’M OK NOW! GOOD!
WELL, I SUSPECT THIS WILL BE A BUSY WEEK FOR THE EAST TO WEST! HEE HEE DOC IMO
Mountainman: For ANYONE……Individual or BUSINESS=A COUNTRY……EXPERTS and OBEDIENCE is Essential for SUCCESS and PROFIT……And W/Out A VISION the PEOPLE are Cast Off…….therefore A LONG TERM Perspective HELPS Balance the Rolling TIDES of GLOBAL Change As Well……VIETNAM/IMF…….Growing Up TOGETHER……IMO
Thunderhawk: IMF experts hail Vietnam’s economic changes
A delegation of experts from the International Monetary Fund (IMF) led by Mr John Nelmes is on a working visit to Vietnam.
At a reception for the IMF delegation, Chairman of the Party Central Committee’s Commission for Economic Affairs Nguyen Van Binh briefed them on Vietnam’s development plans towards 2020, which will focus on fine-tuning institutions, stabilizing the macro-economy, controlling inflation, reforming fiscal policies and businesses, and equitizing state-owned enterprises.
Binh glowingly spoke of the practical and efficient cooperation between Vietnam and the IMF, especially in policy consultation for banking and finance.
He briefed the guests on Vietnam’s socio-economic development directions and tasks for 2016-2020 adopted at the 12 th National Party Congress.
Mr Nelmes praised positive changes in Vietnam’s monetary and exchange policies, contributing to stabilizing the macro-economy, maintaining growth momentum, and meeting essential social needs.
He also reiterated the IMF’s commitment to continued cooperation with Vietnam in the years to come.
http://english.vov.vn/politics/imf-experts-hail-vietnams-economic-changes-317821.vov
Mountainman: Night HAWK,DOC, and ALL KTFA Family…..and With this I say GOOD NIGHT…..SWEET DREAMS……and ……Many Blessings,MM
