Post From Wealtwatch.world Forum
Donnie: BAGHDAD, Aug 7 — Fitch Ratings graded Iraq today as being at risk of default due to insecurity, financial difficulties and poor governance, in its first rating of the country.
The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, while lower oil prices have hit its petroleum-dependent economy.
“Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,” the agency said, explaining Iraq’s B- rating with a stable outlook. All B ratings “indicate that a material default risk is present.” - See more at: http://ift.tt/1DwoWpZ...
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
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Donnie: BAGHDAD, Aug 7 — Fitch Ratings graded Iraq today as being at risk of default due to insecurity, financial difficulties and poor governance, in its first rating of the country.
The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, while lower oil prices have hit its petroleum-dependent economy.
“Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,” the agency said, explaining Iraq’s B- rating with a stable outlook. All B ratings “indicate that a material default risk is present.” - See more at: http://ift.tt/1DwoWpZ...
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
~~~
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: At least " Mr. Fitch " agrees with what I have been saying about the political, security and economic issues extant in Iraq.
chattels: The " wet blanket " may not be so " wet " after all.
chattels: The following is reported elsewhere - no link of course - how is it to be reconciled with Donnie's posted article hereinabove ?
chattels: “Fitch Ratings has assigned Iraq a long-term foreign currency Issuer default rating (IDR) of ‘B-‘ with a stable outlook…”
chattels: anyone ?
chattels: Well, I am confessed macroeconomic moron, but I think that I read and understand the english language. How it
can be judged as having a stable outlook, but still indicate a material default risk defies my comprehension.
chattels: to parapharse Ronald Reagan it sounds like " voo - doo " economics to me
chattels: I am not buying any more dinar and I question the advisability of anyone purchasing any more dinar under these circumstances if they already have some.
chattels: What I have always judged as a 50 / 50 chance in the nearer term and a good / better chance in the longer term has changed.
*********************8***********
Russ: Well I'm in a very positive mood, so going to throw my 2 dinars worth in the ring. As they say, positive spin.
Credit Rating
On the list of most corrupt countries in the world. Of 174 countries. Iraq is forth from the bottom in 2014.
So to get a rating of B- in my book is a great start. What did you expect. AAA. This is no surprise. And I might add....why we invested in Iraq in the first place.
Look at it like this. I'm a property investor. I sometimes develop old houses. What is the formula. Well you buy the worst house in the best street. Repair it and have one of the best houses in the street and your capital gain is huge.
Iraq is the worst house. It's run down and crooked. But the street it's sits on is one of the best in the world. Best oil, gold, location, well the list is endless.
So Best capital gain.
The fact that Iraq is now on the credit rating board is great news for me, and all we have read about this last year is the progress of removing corruption from Iraq which has always been the issue, so watch this rate improve. They are on to it.
Points highlighted in Cs article below that have helped pull down this rating, is the very reason we have invested, and we know they are working on it. Removing the peg.
Quote.
Monetary policy flexibility is constrained by the exchange rate peg, weak banking system and limited monetary and credit transmission in the economy.
What is the best part of the rating is STABLE OUTLOOK. That's a huge plus sign for investors. STABILITY
So all normal in my book, and progress and a great rate to start.
(And by the way. See New Zealand in top 2 on list) so look forward to you all coming to invest and visit here later. Lol.
Have a great day. and I'm still buying. Russ
***************************************
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: At least " Mr. Fitch " agrees with what I have been saying about the political, security and economic issues extant in Iraq.
chattels: The " wet blanket " may not be so " wet " after all.
chattels: The following is reported elsewhere - no link of course - how is it to be reconciled with Donnie's posted article hereinabove ?
chattels: “Fitch Ratings has assigned Iraq a long-term foreign currency Issuer default rating (IDR) of ‘B-‘ with a stable outlook…”
chattels: anyone ?
chattels: Well, I am confessed macroeconomic moron, but I think that I read and understand the english language. How it
can be judged as having a stable outlook, but still indicate a material default risk defies my comprehension.
chattels: to parapharse Ronald Reagan it sounds like " voo - doo " economics to me
chattels: I am not buying any more dinar and I question the advisability of anyone purchasing any more dinar under these circumstances if they already have some.
chattels: What I have always judged as a 50 / 50 chance in the nearer term and a good / better chance in the longer term has changed.
*********************8***********
Russ: Well I'm in a very positive mood, so going to throw my 2 dinars worth in the ring. As they say, positive spin.
Credit Rating
On the list of most corrupt countries in the world. Of 174 countries. Iraq is forth from the bottom in 2014.
So to get a rating of B- in my book is a great start. What did you expect. AAA. This is no surprise. And I might add....why we invested in Iraq in the first place.
Look at it like this. I'm a property investor. I sometimes develop old houses. What is the formula. Well you buy the worst house in the best street. Repair it and have one of the best houses in the street and your capital gain is huge.
Iraq is the worst house. It's run down and crooked. But the street it's sits on is one of the best in the world. Best oil, gold, location, well the list is endless.
So Best capital gain.
The fact that Iraq is now on the credit rating board is great news for me, and all we have read about this last year is the progress of removing corruption from Iraq which has always been the issue, so watch this rate improve. They are on to it.
Points highlighted in Cs article below that have helped pull down this rating, is the very reason we have invested, and we know they are working on it. Removing the peg.
Quote.
Monetary policy flexibility is constrained by the exchange rate peg, weak banking system and limited monetary and credit transmission in the economy.
What is the best part of the rating is STABLE OUTLOOK. That's a huge plus sign for investors. STABILITY
So all normal in my book, and progress and a great rate to start.
(And by the way. See New Zealand in top 2 on list) so look forward to you all coming to invest and visit here later. Lol.
Have a great day. and I'm still buying. Russ
***************************************
JD Blue: Thanks for your opinion , Russ. It takes guts to go out on the limb. I appreciate your perspective... and willingness to voice it.
Bottom line is no one knows what its gonna be.. what it's gonna look like... What is gonna trigger it... what the move might result in.
Same as ever before.. it is a long shot investment... with a potential for big payoff... and / or potential to break even minus the spread.
I like that I am holding the currency in hand. It's not a scam.... just a longshot.
I have not bought any for years now. I stopped telling anyone new about the investment.
My 2 cents? We wont see this until there is a new kind of occupant of the Oval Office...
I truly believe the present one does not want to see this thing fly.I truly believe if someone else had won the office in 2012... ISIS would have been smacked down, Maliki would have been arrested.. and this thing would already be over.
The people of Iraq are the ones truly paying the rice for these politicians who are stalling it.
But... in the long run... it will be what it will be....and I am hanging on tight to what I have...and I still have high hope that sometime.. some day.. some way... we will see some significant rate change.
http://ift.tt/1f0P8Nz
Bottom line is no one knows what its gonna be.. what it's gonna look like... What is gonna trigger it... what the move might result in.
Same as ever before.. it is a long shot investment... with a potential for big payoff... and / or potential to break even minus the spread.
I like that I am holding the currency in hand. It's not a scam.... just a longshot.
I have not bought any for years now. I stopped telling anyone new about the investment.
My 2 cents? We wont see this until there is a new kind of occupant of the Oval Office...
I truly believe the present one does not want to see this thing fly.I truly believe if someone else had won the office in 2012... ISIS would have been smacked down, Maliki would have been arrested.. and this thing would already be over.
The people of Iraq are the ones truly paying the rice for these politicians who are stalling it.
But... in the long run... it will be what it will be....and I am hanging on tight to what I have...and I still have high hope that sometime.. some day.. some way... we will see some significant rate change.
http://ift.tt/1f0P8Nz
via Dinar Recaps - Our Blog http://ift.tt/1W9xKbk
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