KTFA, PIR, SRU and more Monday Afternoon 9-28-2020
KTFA:
Samson: Al-Araji receives the US ambassador in Baghdad, Matthew Tueller
28th September, 2020
The National Security Adviser, Qassem Al-Araji, received, Monday morning, the US ambassador to Baghdad, Matthew Tueller.
During the meeting, they discussed strengthening joint cooperation between Iraq and the United States of America in all fields, and ways to develop the growing relationship between Baghdad and Washington.
The American ambassador affirmed his country's continued support for the Iraqi government in the areas of security and combating terrorism, and assistance in overcoming current challenges.
For his part, Al-Araji indicated to the US ambassador that the current stage should witness more stability and calm, so that the region and the world could enjoy security and stability. LINK
Samson: US State Department: Those who target missions pose a threat to Iraq and diplomats
28th September, 2020
The US State Department commented on press reports that indicated the administration's intention, President Donald Trump, to close the embassy in the Iraqi capital, Baghdad, against the backdrop of continuous missile attacks.
A spokeswoman for the US State Department, Morgan Artagus, said that Washington had previously made clear that the Iranian-backed groups that fire missiles at the US embassy in Baghdad pose a threat to the government of Iraq and neighboring diplomatic missions, refusing to respond to reports of the embassy’s closure, by saying that we never comment on diplomatic talks. Special to the minister with foreign leaders. LINK
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Samson: Political sources: Washington presents conditions to Baghdad for not closing the embassy
28th September, 2020
Informed political sources revealed, today, Monday, that the United States has presented several conditions to the Iraqi government for not closing the embassy.
The sources pointed out that the United States considers closing offices at the airport insufficient, but rather stipulating that all armed factions leave the Green Zone, which numbered 7,000.
In addition to controlling the airport completely and not being used by the pro-Iranian factions.
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Samson: Mazhar Muhammad Saleh: The government concluded nearly 19,000 contracting contracts worth $ 100 billion
28th September, 2020
The prominent economist, Doctor Mazhar Muhammad Salih, confirmed that the government has nearly 19,000 contracting contracts worth nearly $ 100 billion
Saleh said, in an article published on the Iraqi Economists Network, seen by "Al-Eqtisad News", that launching projects in Iraq has a huge number of commitments, and the advance payment policy is used as one of the encouraging phenomena for the contracting sector, which amounts to 10% of the total contracting, pointing to that the number of projects increased to 6 thousand projects and nearly 19 thousand enterprises, a value of close to 100 billion dollars
He noted that the state pays a risk premium of 10% for the delay in approving annual investment projects, which takes the form of advances provided to contractors
He explained that the annual material achievement of government projects ranges between 8% -28% in the best case, explaining that the decision to stop incomplete projects and pay on credit has cost the country to pay bonds or commit to pay them at about 5 trillion dinars for the cost of semi-completed or unfinished government projects LINK
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Courtesy of Dinar Guru
Jeff Article: "Concerning the currency, salaries and commodity prices ... 10 economic measures and 'radical' financial changes that Iraq is expected to implement next year" ...number one is huge. Quote: "1. Decrease the national currency exchange rate." They're telling you they're going to decrease the national currency exchange rate. When they decrease the rate it actually increases the value of the currency...Iraq will never tell you the year they're going to do that step. So the fact that they're telling you '21 disregard that part of the article because they will never tell you the truth when they plan to physically increase the value of their currency...
The Second Leg Of The Correction Begins, Tech Outflows Accelerate And Could Cause Structural Damage
Silver Report Uncut: Sep 27, 2020
Tech outflows accelerate and investors begin to move to cash ahead of the next stock market rout.
According to Morgan Stanley, that day has already begun in a combination of events they described as "fiscal cliff + peak fed = second leg of correction" when the banks chief equity strategist Mike Wilson warns tech stocks will probably take the brunt of the impact and the greater stock market which hasn't enjoyed the revival seen in the top stocks will find interest and advance.
The move into tech has been so pronounced that He even suggested the result could of that capital flowing out could cause structural damage to the greater economy as everything has been put onto the performance of a handful of mega cap tech stocks.
He also suggested it won't be all bad news for stocks especially since they have not enjoyed the (tech) rally and if peoples expectations about economic conditions improve the tech outflows could commence as they begin stock picking and leaving the unicorns behind.