Kaperoni

by **Ponee** Mon Feb 24, 2014 10:18 pm

2-24-2014 Newshound Guru Kaperoni

Article: "Confirmed that the move of the private sector will absorb unemployment rates for parliamentary Finance (Badr): New stability in the price of the dinar against the dollar" ...clearly the IMF and Finance Committee (Abdul-Hussein al-Yasiri) are on the same page. IMO there is no doubt that the IMF has been very transparent on the intentions of the dinar. ...the IMF Article IV consultation states...gradual appreciation based on the Balassa-Samuelson effect.

Here is the definition...“In 1964, academics Bela Balassa, a Hungarian economist, and Paul Samuelson, a Nobel-Laureate economist, independently observed that countries with higher levels of productivity growth experienced rapidly rising real wages and so appreciating real exchange rates."

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2-24-2014 Newshound Guru Kaperoni Article: "Parliamentary Finance: The government may have to borrow from the central bank to pay salaries next March" The reality is the IMF, World Bank have warned them for the last few years that they need to get away from total oil dependency, and to cut spending. Yet Maliki's GOI continues to increase spending and hiring of Iraqis' on the GOI payroll. Some 70% of the budget is salaries, wages, etc...which soon will be a mess as they have no money to pay anyone (since the budget is not passed). Though we may not like this, it may be what it takes to get these clowns to change their way of thinking and transition to a market economy.

by **HezekiaH** Tue Feb 25, 2014 1:35 pm

I like Kap. I like that he does not call the RV every weekend.

by **Ponee** Tue Feb 25, 2014 8:01 pm

Agreed, though I don't always agree with his interpretations, at least he is NOT lying about his contacts and making dates and rates up

Kaperoni

Kaperoni

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