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» Update 6/27/13
Thu Jun 27, 2013 4:48 pm by MichaelG

» Ready to start
Sun Dec 09, 2012 2:08 pm by MichaelG

» Tax Return time coming soon
Tue Nov 06, 2012 10:11 am by MichaelG

» 03/02/12 Update
Thu Jul 19, 2012 12:09 am by bjm6961

» Keep yourself grounded
Sat Feb 04, 2012 11:39 pm by MichaelG

» Info Update 1/17/12 @ 10:05pm
Wed Jan 18, 2012 2:13 am by bjm6961

» Closing TY2011
Fri Dec 30, 2011 11:00 am by Boopski

» Info Update 12/23/11 @ 11:05am
Fri Dec 30, 2011 9:16 am by MichaelG

» Info Update 12/15/11 @ 8:35am
Fri Dec 16, 2011 7:27 pm by Mlowe

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News and Info 9/26/11 @ 525pm

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News and Info 9/26/11 @ 525pm

Post by MichaelG on Mon Sep 26, 2011 6:30 pm

Hi all, last week was a busy week in the news and reports from across the pond in the sandbox and the mountains. Watching this is no longer just the sandbox, it's effects are going to be felt like a shockwave globally. The global economy is really hurting and I don't know a region that will not be relieved by this event we are waiting on with much excitement.

The banking industry and UST are getting ready with training at the regional level, not at the bank branches. You may see some new faces at some of the banks and that is good. I will just do like the penguins on the movie Madagasgar and "smile and wave boys, just smile and wave."

I am hoping this will be the week as the new budgets go into effect on October 1 and some things just have to be settled. UN, UNSC, WB, WTO, IMF, BIS, Zurich, and UST are all ready with some minor housekeeping that may need to take place. I just hope the maid is not on vacation.

More as I get it.
What a Face

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Re: News and Info 9/26/11 @ 525pm

Post by bjm6961 on Fri Sep 30, 2011 8:50 am

Micheal on another site it is said to be done and the rate will be 8.47.I this just a rumor or what.

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Re: News and Info 9/26/11 @ 525pm

Post by Boopski on Fri Sep 30, 2011 10:38 am

Yeah Short Boy, I was wondering myself if you know for sure what the rate is going to be, whether the original $3.68 or what the guy saw on the screen ($4) or just what. Please bring me some good news on my birthday. flower

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Re: News and Info 9/26/11 @ 525pm

Post by MichaelG on Sun Oct 02, 2011 7:55 pm

Here is the skinny on the rate. LOL

If they come in too high, everything is great for us and them, short term. Iraq will have a massive influx of investors that will be spending like mad, then they will start to sell off slowly at first then increase as time passes. So long term to high is not good.

If they come in too low, there will be an initial influx with people cassing out only what they have too hoping for a higher rate later, but there will not be much in the way of investments into the country itself. Also, certain criminal elements will buy up what they can and own alot hoping for the same increase in the future. Then if there is a future increase, Iraq just financed the criminal elements of the world. Would you invest is a country that did that?

Now, that being said, several of those in the know and myself feel there is a good range, $3.60 - $4.50, that would help short and long term with-in Iraq and with the investors. Personally, $4.40 is the target area as Kuwait is slowly climbing in their rate and it is a comfortable area. With the devaluation of the dollar I just feel it will come in at the higher side of the "safe" range.

I hope this helps, but when I hear over $4.50, I have to chuckle and click the next link. That just tells you who is not familiar with foreign economics or foreign trade balance. Not to mention the Middle East, having spent 18 months over there in the early 90's I think I have a little knowledge how things work over there and how they think.

Anyway, talk to ya later.

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Re: News and Info 9/26/11 @ 525pm

Post by rod-1097 on Sun Oct 02, 2011 8:13 pm

Michael--
Thanks for the update on the promising rate, we appreciate the info
that you provide us.

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Re: News and Info 9/26/11 @ 525pm

Post by bjm6961 on Mon Oct 03, 2011 2:19 am

Thanks also .I appreciate you.

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Re: News and Info 9/26/11 @ 525pm

Post by Boopski on Mon Oct 03, 2011 10:29 am

Yes, that helps so I'll jump on the bandwagon also and say thanks for all you are doing on behalf of the rest of us. And, as a side benefit for you, the next time I reach for the broom I'll think twice before grabbing it. Very Happy

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Re: News and Info 9/26/11 @ 525pm

Post by Mlowe on Mon Oct 03, 2011 10:32 am

I too, appreciate your efforts. Lead the way!

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Re: News and Info 9/26/11 @ 525pm

Post by MichaelG on Mon Oct 03, 2011 5:28 pm

Thank you all for the words of encouragement. It really helps when digging through the mountains of info out there to see what relates to us. It's not just the IQD that has to be watched. The European Union, Lybia, Turkey, Greece, Iran, Kuwait, and that is just the countries.

Then there is foreign trade balance with other contries, mainly China is the only one they can afford to trade with. There is talk of trade with Turkey and Kuwait to start soon. Anyway, all looks good and I'm waiting for some good news to come in.

I will share this little goodie, Chase Bank is 78.1 trillion liquid. Sounds like someone is getting ready to cash some big account customers. And they have more the the other 3. Woohoo!

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Re: News and Info 9/26/11 @ 525pm

Post by bjm6961 on Tue Oct 04, 2011 1:57 am

That is good news.

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Re: News and Info 9/26/11 @ 525pm

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