News, Rumors and Opinions Monday Morning 5-3-2021
KTFA:
Kurdish parliamentarian: The Kurdistan government is delaying the time for not delivering the oil LINK
MilitiaMan: This is an article depicting what I was talking about earlier. The parties that get shown to be holding things up in respect of the citizens livelihoods and future livelihoods too.. Making the citizens suffer for political gains can be a double edged sword.
My bet is they’ll get the spark they need to get out of the way.. A spark in the wrong place could blow up in their faces especially if to0 much pressure is applied to the citizens. IMO MM
Ross: When I first read this my initial thought was that Kurds were delaying until the RI/RV just like the Kuwait investors are awaiting the promise. Probably wrong per the above by MM
Godlover: I tend to think your view is likely more accurate. Why would anyone expect the Kurds to deliver the oil for their percentage of a budget that has yet to be implemented/opened? It would not/does not make any sense to expect this. They are waiting for the budget...PR or not.
Manu68: I love reading all your comprehensive analyses MM. Just one thing, with all the powers that be in control of Iraq's MR (powerful bodies), one would think that there would not be any distraction or blockade (like corrupt ministerial individuals etc) that would affect their timeline because they are "nobodies" in the scheme of things. If they want a deadline met, it'll happen so all the articles being put out depicting delays and unrest etc would be just lip service... telling me that the deadline date is not yet?!
Jerry1971: Surely things are lining up in order as they get ready to pull the trigger on the new exchange rate any time soon , we are all very hope full and upbeat on this as per the things they have already accomplished with their monetary reform details in above articles….. it’s now or never AS time is closing up on the CBI to pull the trigger - FINGERS CROSSED. IMO
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Samson: Trade: The exhibitions company is following up the procedures for participating in events held outside Iraq
3rd May, 2021
The Ministry of Trade announced, on Monday, that the General Company for Fairs and Commercial Services of Iraq is following up procedures for participating in exhibitions held outside Iraq.
"The company is following the procedures of participating in the Expo 2021 in Dubai," the general manager of the General Company for Iraqi Fairs and Commercial Services, Sarmad Taha Saeed, said in a statement that Mawazine News received a copy of. He added, "The procedures for participating in the (62) session of the Damascus International Fair 2021 were also followed up, and the procedures for participation in the (90) session of the International Fair of Izmir 2021 were followed up."
Saeed pointed out that "his company is also studying the possibility of participating in the global village of Dubai, the twenty-sixth season during the month of October of this year, in addition to the possibility of participating in the Osaka Expo in Japan and the China International Import Fair."
He pointed out that "participation in these exhibitions represents a major meeting point for the world to exchange innovations, ideas and solutions to global issues related to the economy and sustainable developments, for a better future at the local and global levels. It is also a great opportunity to highlight the rich culture of Iraq and share it with the whole world." Iraq is always famous for its rich history, culture and architecture." LINK
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Courtesy of Dinar Guru
Petra The budget is legal. It's been printed in the Gazette. It's enforced. It's done...We're all excited. There's chatter. There's stuff going on. I think we should see something here soon...I know it's a broken record but you know we don't control it. I wish we did we could be done...
Frank26 Somebody's buying time in Iraq. It's almost comical. It's every week we see 'okay, let's postpone this.' Postpone this my gluteus!...but there are a lot of things moving and happening... "chatter" that's a key word...there's a lot of chatter...we're dealing with the financial inclusion. I love it because we also have the budget law. We have all the things that are necessary to get this rate going now...this is serious. None of these things have ever been before in front of our eyes...I do not call it financial inclusion. I call it financial conclusion..
The Nomad Economist:
Trade Deficit Growing Again, Now Bigger Than Ever
Premiered 14 minutes ago
Trade Deficit Growing Again, Now Bigger Than Ever The trade deficit with China continues to weaken America and strengthen our rival.
For all the ruckus it created, the trade war failed to bring down the trade deficit. Even while unusual circumstances continue to cloud the picture it appears that America's trade picture is in worse shape today than when it started.
This is evidenced by the number of container ships from Asia lined up at American ports. The trade talks started in early 2017 and have dragged on with promises of a deal always around the corner.
Looking back, we were told, they were always moving forward or nearing completion but such announcements generally proved premature.