Tuesday, February 25, 2014

2-25-2014 Newshound Guru Kaperoni

2-25-2014   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."