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Friday, August 12, 2016

KTFA UPDATE, 12 AUGUST

KTFA:

DELTA: FROM IRAQI TV :

"The Ministry of Youth invites athletes heroes and pioneers to receive MasterCard card on AUGUST 15TH"

DATE CHANGED FROM 08/02 TO 08/15.  DELTA

DoodleBug:  BOOM BOOM BOOM, goes the Warrior's Drum!  Thanks DELTA!

Frank26:  Inside of the second 2 by 2 by 2's ...................... On Time.


Mountainman:  For those Out There In Disney Land Who Think this GLOBAL MR is going to go Into 2017........laughing-smiley-face........Enough Said........IMO

Blessings,Mountainman   (8)=New Beginnings........for "THE GLOBAL STAMPEDE"........COMING to A COUNTRY NEAR YOU........SEPTEMBER 2,2016  

Vietnam's Fast Economic Growth Is Quietly Slipping, But No One Cares!


In central Ho Chi Minh City, financial hub of the fast-growing Vietnamese economy, 20-somethings with designer hairdos jump out of polished black sedans to pack the coffeehouses on every block and fill restaurants serving sushi and chicken in passion fruit sauce. Ho Chi Minh City still lacks the traffic gridlock of Asian peers such as Bangkok and Jakarta, but you’re starting to wait an extra turn at traffic lights during peak hours.

One peak came on a Sunday night in August just because, as a resident friend said, it was a weekend and the weather was nice. The middle class is growing faster than anywhere in Asia, quickly transforming a still fundamentally poor country.
 
It’s odd then that headline economic data points toward a slowing of Vietnam’s economic growth, an increasingly obvious indicator in Asia as China’s GDP expansion has eased since 2011. The government in Hanoi has targeted 6.7% growth this year, compared to 2015, but the Ministry of Planning and Investment says that could come in at 6.27% after a first half around 5.5%.
 
That slip reflects what Vietnam-based SSI Research calls a “sluggish” mining sector, which covers Vietnam’s offshore fossil fuel exploration. Government planners are now eyeing a boost in exploration for crude oil and natural gas, volumes of which fell in the first seven months of the year due to falling crude oil prices. Mining overall lost 2.2% in the first half of 2016.

 A change in leadership in early 2016 further eased economic activity, while an early year drought and a dead fish pileup on the central coast due to pollution have also hit agriculture, which is 17% of the country’s $193.6 billion GDP. “It took a while figuring out who was going to be ruling the party in power and who were going to be the ones directing the various departments in the government,” recalls Oscar Mussons, international business advisory associate with the Dezan Shira & Associates consultancy in Ho Chi Minh City.

It’s too early to say whether Vietnam can reach even 6.27% growth this year, SSI Research says.

http://www.forbes.com/sites/ralphjennings/2016/08/10/vietnams-fast-economic-growth-is-slipping-but-no-one-notices/#66f5514e78d8

***********

Mountainman:  TIME is RUNNING OUT........The OLD PLAY BOOK will NO LONGER Hold It's TRADITIONAL Weights and Measures So to Speak.......and the MARKETS are ACUTELY AWARE to the COMING Changes, they Just haven't Figured Out {ALL} the DETAILS YET........

However, like EVERYTHING Else in this WORLD.......TIMING Will MANIFEST that Which is HIDDEN and {ALL} Will Come to Light, at The SPEED of LIGHT........Thru TECHNOLOGY and CYBERSPACE via the IEX and CIPS........Yes CRAZY 8's Continues........Next Month,
THE GLOBAL STAMPEDE and The MARKETS will.......shall We Say, Have A CHAIN REACTION that Will ENSUE........INDEED    IMO

Blessings,Mountainman  (8)=New Beginnings........for An OLD STOP and A NEW START........At the STROKE of A KEY........INDEED

Central Banks’ Waning Appetite Seen in Currencies, JPMorgan Says


August 11, 2016 — 8:14 AM MDT Updated on August 11, 2016 — 3:11 PM MD

Foreign-exchange traders are becoming convinced that monetary stimulus programs around the world have reached their limits in efforts to spark economic growth, according to JPMorgan Chase & Co.

The kiwi surged to its highest level since May 2015 after the Reserve Bank of New Zealand reduced borrowing costs Wednesday. The yen has strengthened against U.S. dollar since the Bank of Japan’s July 29 decision to expand monetary easing.

The traditional monetary-policy playbook calls for steps to weaken foreign-exchange values in order to spur domestic inflation and make a nation’s exports more competitive in global markets. Unprecedented stimulus policies from Europe to Asia this year have only sent currencies higher, frustrating efforts to spur economies.
 
"Unless the central bank gives some indication that the easing cycle could be extended or protracted over many months, markets tend to trade the end-of-cycle phenomenon," John Normand, London-based head of foreign exchange, commodities and international rates research at JPMorgan, said in an interview with Bloomberg Television. "There’s no more downside to interest rates after this last cut and therefore the currency bounces." JPMorgan is the world’s second largest currency trader, according to Euromoney magazine.
 
The kiwi jumped as much as 1.9 percent to the highest since May 2015. It strengthened against most of its major peers and was little changed at 72.09 U.S. cents as of 5 p.m. in New York. It . The yen fell 0.7 percent to 101.96 per dollar.
 
After saying in his policy statement that a decline in the kiwi “is needed,” RBNZ Chief Graeme Wheeler conceded in a news conference in Wellington that the central bank had “very limited influence” over the exchange rate. He also said that in a “normal” situation, the central bank would probably be raising rates to cool the rampant housing market.
 
Central banks are acting within different constraints and "haven’t been able to deliver as much as the market was expecting,” said Andres Jaime, a foreign exchange and rates strategist at Barclays Capital Inc. in New York. “What’s different are the constraints they are facing. The BOJ is facing different constraints than the RBNZ."

http://www.bloomberg.com/news/articles/2016-08-11/jpmorgan-says-currency-markets-signal-central-banks-lack-clout

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