IQD CALLS Chat Early Tuesday 4-21-20
IQD CALLS Chat Early Tuesday 4-21-20
Doug_W Deputy: Fuad Hussein wasted Iraq’s fortunes on Kurdistan, and many MPs will not allow it to remain
Editing Date: 20/4/2020 19:49 •[Baghdad-Eni , member of the Parliamentary Integrity Committee, Youssef Al-Kalabi, confirmed on Monday that many MPs refuse to renew Fouad Hussein in the administration of the Ministry of Finance, accusing him of squandering the wealth of Iraqis in the Kurdistan region.
Al-Kalabi said in a press statement that "Finance Minister Fouad Hussein was not a minister of the Iraqi people, but rather represented the region and its interests, because he took advantage of his job to violate financial laws and waste Iraq’s money on Kurdistan."
He added, "Many parliamentarians are determined not to allow the Minister of Finance to remain in his position or any new position in Mustafa Al-Kazemi's government."
On Sunday, MP Al-Nasr Taha Al-Defai coalition revealed the Kurdish component's insistence to keep the current Finance Minister Fouad Hussein in the cabinet of Prime Minister-designate Mustafa Al-Kazemi.
http://www.alliraqnews.com/modules/news/article.php?storyid=90453
Doug_W Monday, April 20, 2020
IMF Predicts Depressed Oil Market For Nearly A Decade With Huge Impact On Iraq
http://musingsoniraq.blogspot.com/2020/04/imf-predicts-depressed-oil-market-for.html
" The IMF predicted Iraq’s economy could recover by 2021 but that might be questionable. The Monetary Fund believed the world economy would have a -3% growth rate in 2020, and then covid-19 would be contained by the second half of that year allowing for a +5.8% recovery in 2021.
Similarly, Iraq was predicted to have a -4.7% growth rate in 2020, but then go up to 7.2% in 2021. More telling the current account balance which is the trade, investment and money transfers a country has would be at -21.7% in 2020 and -14.1% in 2021.
The problem with the IMF’s view is that if oil prices are close to its prognosis it will have to go into debt, raid its foreign reserves, cut contracts, and carry out some form of austerity just to break even with its annual budget. At the same time, Iraq is not rebuilding after the war against the Islamic State which would be a boon to business and does not support its private sector that would provide for some growth outside of oil. Given all that it’s hard to believe that Iraq will have a full and healthy recovery by 2021 as the World Bank wrote."
Doug_W my amount of mail has dropped WAY off
Baxter you mean postal mail?
Doug_W both
Baxter we dont get much junk mail anymore
Doug_W its both scary and fascinating to watch how the economy is SO intertwined
Baxter its very scary these days....for sure
Baxter about like an atom bomb has dropped on us... but it hasnt
Doug_W and taht is why Nukes will never be used by a responsible country it leave NO spoils of war
Baxter I got an email yesterday from my car insurance co... they are taking 25% off my next bill cause no one is driving
Baxter Progressive
Doug_W State farm / same
Doug_W silver is down again almost 70 cents
Baxter markets are down this morning
Baxter Market down 500 and falling
Baxter for those of you who said oil would come back up today... W R O N G
Baxter down 575 now
Wilder China Rolls Out Pilot Test of Digital Currency. https://www.wsj.com/articles/china-rolls-out-pilot-test-of-digital-currency-11587385339
Wilder Maybe we'll see our RV when the world??
Wilder Goes digital
spankie Trump adviser talks about problems with china manufacturing everything and how to fix - https://www.youtube.com/watch?v=8ZcZR5f1gc0
kevin311312 Nardeep Pujji @violetpandora·Apr 19 #Breaking
The #Iraqi Army killed Abu Hafsa, leader of ISIS in an ambush the Muthanna region, north of #Baghdad #iraq
kevin311312 Mohammed Al-Hadithi @Mohamme68713379
·18h #Breaking #ISIS attacking the IA Iraqi army on 160 km area near #Rutbah city in #Anbar province
kevin311312 José Miguel Sardo@jmsardo ·4h
#Spain #Breaking Police announces to have arrested one of most wanted #ISIS member in Europe. The egyptian man with reported links to #Syria and #Iraq was hidden inside an apartment in #Almeria after arriving to #Spain shore in the last weeks. Two other suspects arrested.
Futuremoney wow...my steel supplier just called me and told me that instead of writing a check for the purchase, I have to give them my banking info so they can automatically withdraw it...aint gonna happen
futuremoney cuz they dont want to "handle" my check..all this for 85.00
kevin311312 futuremoney use a credit card
futuremoney kevin311312 i will have too
kevin311312 I make a lot of my purchase with credit cards its safer than a debit card
kevin311312 Id never give anyone any banking info
futuremoney the WTI for june just dropped another 30 %
Doug_W Diesel fuel is 85 cents a gallon MORE than gasoline
Dave Diesel has been more expensive than gas here for decades
Doug_W usually 40 cents not 80
Dave why pay more for Premium when Regular costs more to process?
kevin311312 diesel cost half the price to refine
Dave kevin311312 yet we pay more
Doug_W must be road taxes / big trucks
Doug_W and to get a diesel in a new truck is an extra 10K
Dave fewer parts in that engine too
Dave Larger profit margin on diesel
Doug_W Dave that will hit in 2 months todays gas is the end of two months prices
Doug_W should drop fast soon
Doug_W Comments / Tweets from Kirk Sowell at https://twitter.com/UticaRisk
- For Iraq observers, that loud sound you hear is budget plans crashing even further in Baghdad and Irbil. Think of the years wasted, how nothing was done in either Baghdad or Irbil to learn from the lessons of 2016 & restructure. They are not innocent victims in this collapse.
- With Iraqi oil generally trading a discount, we'll see if Iraq can stay above $20. It is just a question of the degree of collapse at the present time.
- I must add that, like @AMTabaqchali , I laughed out loud when @samya_kullab described Iraqi political leaders as talking as if they could make some minor adjustments & by the time they run out of money, oil $ will just go back up & bail them out. Delusion springs eternal.
- Reference https://twitter.com/AMTabaqchali/status/1252317958174642176/photo/1
- As @AMTabaqchali said, Iraq's external debt is fortunately manageable. The problem is that the likelihood of what we call "internal default" - on salaries, pensions, social benefits - is pretty high.
Futuremoney WTI for June just dropped 47%
Baxter wow
https://covid.joinzoe.com/us COVID Symptom Tracker
https://www.worldometers.info/coronavirus/ Covid-19 Coronavirus Pandemic Stats