PaulW: Gm tnt: I just heard from a friend, he was retired but now working 2 days a week. He called on a client who works for B of A, 2 years ago he asked him about IQD and he laughed, he asked yesterday and he said keep it close, they are talking about it in meetings and something is ready to happen. Good news
Briona: The start of the second quarter is days away. It would make sense to have this ready to go at that time, as far as the books are concerned.
Luvwulfs: Historically rate changes in April
RVAlready: Everything seems primed to go.
Tishwash: 1.7 billion euros in German investments in Iraq
Economy News Baghdad
The five-day meeting of the German-Iraqi Economic Forum was concluded Tuesday in Berlin with the participation of Finance Minister Fuad Hussein and Industry Minister Saleh al-Jubouri and the Iraqi delegation accompanying them.
The forum was organized by the German-Arab Chamber of Commerce and Industry in cooperation with the German Chamber of Commerce and Industry and the Iraqi Embassy in Berlin. The forum was held at the German Economic House, calling for the implementation of the results that have been achieved on the ground in order to serve the economy of the two friendly countries.
“Iraq needs to diversify its sources of income, reorganize the tax and customs system and regulate the banking sector to play a role in investment and strengthen the private sector,” Finance Minister Fouad Hussein said.
Volcker Trier, head of foreign trade at the German Chamber of Industry and Trade, expects more German investment contracts in Iraq, where growing trade opportunities exist in the country. Current trade statistics have revealed an intensification of economic cooperation between Berlin and Baghdad, To 1.7 billion euros.
Bilateral trade in 2017 was more than 1.6 billion euros, and the Iraqi market has great potential for the German economy as the government has set ambitious and viable projects by 2022.
The economic specialist Ghadir Al-Attar commented on this event, describing it as important and effective in serving the economy of Iraq as it contributes to intensifying the international effort to reconstruct the liberated cities affected by terrorism.
“The investment of the results of the fifth session of the German-Iraqi Economic Forum and its implementation on the ground would stimulate the rest of the countries to send their investment companies and enter the Iraqi market, given the size of German investments in the country,” Al-Sabah said.
He added that “Iraq now proved its ability to open the economy to the world and neighboring countries in the first degree through the signing of economic agreements recently with Jordan, Kuwait and Iran.”
In turn, economic researcher Aya Adel considered that “the holding of international economic forums with Iraq will have a positive impact on investment companies that the country is more than a promising investment opportunity as it needs to rehabilitate the infrastructure that requires the influx of international companies specialized in the field of reconstruction.”
She pointed out that “it is necessary to activate the recommendations that result from such economic forums because their results serve an important aspect of the economy of the country is the activation of investment, which is a gateway to create employment opportunities for young people and reduce unemployment rates, as well as investment improves the level of income of individuals and contribute to achieving A large part of the requirements for overall economic stability. link
Wall Street Red Flag: An Indicator That Has Predicted Every Recession In The Last 50 Years Just Got Triggered
by Tyler Durden
Tue, 03/26/2019 – 16:24
Authored by Michael Snyder via The Economic Collapse blog,
If the bond market is correct, the U.S. economy is definitely heading into a recession. Over the past 50 years, there have been six previous occasions when the yield on three-month Treasury bonds has risen above the yield on ten-year Treasury bonds, and in each of those instances a recession has followed.
Now it has happened again, and this comes at a time when a whole host of other economic indicators are screaming that a recession is coming. Of course we have seen recession indicators triggered at other times in recent years, and the Federal Reserve was able to intervene and successfully extend this cycle on multiple occasions.
But now that the global economy is clearly the weakest it has been since the last recession, have we finally reached a breaking point?
Many on Wall Street are taking what happened at the end of last week extremely seriously. According to CNBC, we have not seen a yield curve inversion of this nature in 3,009 trading days…
Short-term government fixed income yields are now ahead of the longer part of the curve, delivering a strong recession indication that hasn’t happened since 2007.
The spread, or yield curve, between the 3-month and 10-year Treasury notes just broke the longest streak ever of being above 10 basis points, or 0.1 percentage point. The two maturities were last below that level in September 2007, a run of 3,009 trading days, according to Bespoke Investment Group.
3,009 trading days is a very, very long time.
And now we will see how inverted the curve becomes, because as Zero Hedge has aptly pointed out, the more inverted the curve become the “higher the odds of a recession”…
Why is the inversion of the 3 Month-10 Year curve – the first since 2007 – such a momentous occasion? Because not only is said inversion the most accurate recession leading indicator, having correctly “predicted” the last 6 recessions with no false positives, most recently inverting in 1989, in 2000 and in 2006, with recessions prompting starting in 1990, 2001 and 2008….
… it also feeds directly into every Wall Street recession model: the more inverted it is, the higher the odds of a recession.
We are literally at a critical tipping point, and it is not going to be easy to pull us back from the brink this time.