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Carrello last won the day on June 30 2012

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  1. IMO, it's the idea that "experts" or members of the government are looking for solutions. It's not the method, it's not who says it, but people are looking for solutions to a perceived problem or a method to make an process easier and cheaper.
  2. Inflation is worldwide August 11, 202110:59 PM Asia Pacific Japan wholesale inflation hits 13-year high as import costs rise TOKYO, Aug 12 (Reuters) - Japanese wholesale prices rose in July at their fastest annual pace in 13 years, data showed on Thursday, a sign that global commodity inflation and a weak yen were pushing up raw material import costs for a broad range of goods. There is uncertainty, however, on whether companies will start to pass on the higher costs to households and prop up consumer inflation, which remains stuck around zero due to weak consumption, unlike in other advanced nations, analysts say. "The pass-through of raw material costs to consumer goods prices is slow," said Chisato Oshiba, an economist at Dai-ichi Life Research Institute. "While wholesale inflation is accelerating at a very fast pace now, it will take time for this to lead to higher consumer prices," she said. Report ad The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 5.6% in July from a year earlier, Bank of Japan data showed, increasing for the fifth straight month and beating a median market forecast for a 5.0% gain. It accelerated sharply from a 5.0% increase in June and marked the fastest pace of growth since September 2008, when emerging market demand triggered a spike in prices dubbed the commodities "super cycle". On a month-on-month basis, wholesale prices rose 1.1% in July after gaining 0.6%, marking the biggest increase in nearly two years. Prices rose for many raw materials including those for wood, which spiked 33.1% in July from a year earlier, and oil and coal goods, which saw prices rise 38.8%. Some countries, including the United States and Britain, have seen inflation rise faster than expected as demand recovers from the coronavirus pandemic, triggering debate on how quickly they should wean their economies off massive monetary stimulus. Few analysts expect Japan to see the same kind of rise in consumer inflation. Slow vaccinations and curbs in activity to combat the pandemic have hurt consumption, discouraging firms from passing on higher costs to households. The dynamics were evident in wholesale price data. Domestic final goods prices rose just 2% in July from a year earlier, even as raw material prices spiked 48%. Back in 2008, Japan's annual core consumer inflation hit 2.4% in July and August on rising commodity costs, but slowed to 0.2% in December and started falling from March 2009. The spike in inflation during the period was driven largely by a handful of raw material costs, with prices of most items staying roughly flat, the BOJ said in a report issued in July. "Given such historical experience, any rise in consumer prices driven by increases in upstream costs will highly likely to be transitory," the BOJ report said. Japan's economy has emerged from last year's slump thanks to robust exports. But a resurgence in infections forced the government to impose fresh state of emergency curbs, dashing policymakers' hope for a strong rebound in July-September growth. Core consumer prices rose just 0.2% in June from a year earlier due to weak household spending, well below the BOJ's elusive 2% target. Analysts expect a change in the base year from the July data, due on Aug. 20, to push down core consumer inflation by around 0.7 of a percentage point. Reporting by Leika Kihara; Editing by Sam Holmes
  3. The Iraq Parliamentary Finance Committee dictating exchange rates and fiscal policy, rather than the Iraqi Central Bank, is equivalent to The US Senate Finance Committee dictating exchange rates rather than the US Federal Reserve.
  4. Gee, I wonder is solar energy would be something that would work in a country that reaches "50 degrees Celsius" (124 Farenheit) in the summer?
  5. Amer Al-Jawahiri to / NINA /: Changing the value of the national currency is now an economic should not be linked to additional unstable revenues Monday 09 , August 2021 Baghdad / NINA / - The Consultant in Industrial Development, industrial cities and investment, Amer Al-Jawahiri, confirmed that: Changing the value of the national currency is now an economic should not be linked to additional, unstable revenues. He told the National Iraqi News Agency (NINA) that the change in the value of the national currency against other foreign currencies has not occurred since 2003 except twice, its price was 2500 and then to 1200, and it was changed at the end of last year, which means during 17 years it was changed only twice. Al-Jawahiri added that the rise in oil prices is not fixed, it may rise for several months and decrease again, as happened previously, noting that: determining the economic and monetary paths does not depend on steps that occur for some months or seasons of the year. He explained that the changes in oil prices should not be based on a change in the amount of the Iraqi currency vis-à-vis other currencies, and that it should not take place in short successive periods. /End
  6. Feel better, Theseus? Are you a bigger man after your misogynistic, bigoted, ignorant comment? If you have a daughter, would you share your comment with her and explain your sexual innuendo? Harris is Vice President of The United States of America. What will you be doing this afternoon?
  7. You are assuming the lower denoms have not been printed yet. We have been close, very close to the RV a couple of times. We could not have been that close without LDs printed and awaiting their debut. Printing currency takes months and is a "scientific process" that is tedious and exact. If the LDs have not been printed as of yet, IMO we could not see an RV until the second quarter 2022, and possibly the first quarter of 2022.
  8. PS Inflation Rate in Iraq increased to 5.60 percent in May from 5.50 percent in April of 2021, hardly a runaway train as stated by others. source: Central Bank of Iraq
  9. Iraq couldn't pay their employees but they will spend millions and millions of dollars to print new currency because a few denominations have 3 zeroes, other notes have fewer. Iraq is going digital where 3 zeroes wouldn't be an accounting problem. Master cards, payroll cards, debit cards....3 zeroes is not a huge problem when you are broke and digital. Zimbabwe had a 100-trillion note worth 40 US cents. That's a 0s problem. There just seems to be a lot of "delete the zeros" articles that are doing a lot of educating, a step in the revaluation process.
  10. Great! Who cares when they were supposed to do it, they are doing it now. And news of the National Oil Co being setup is all good news. "It doesn't matter where you have been, what matters is where you are going." Thank you for the news articles!
  11. The purpose of pegging to a basket is to provide exchange rate stability. It has nothing to do with exchange value.
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