Turkey & the Real Risk of a Debt Crisis
by Martin Armstrong The Treasury and Finance Ministry of Turkey announced that the country’s net external debt stock totaled $286.2 billion going into the end of the 3rd quarter of … Read more
turkey
Rising Power Turkey Bought S-400 to Increase Autonomy On WORLD STAGE
Turkey’s decision to buy the S-400s was always about the effective use of economic resources, rather than any desire to confront its Western allies, Jana Jabbour, a Paris-based professor of … Read more
Lending And Swap Rates Soar As Turkey Continues Monetary Repression
by confoundedinterest This week, Turkey further roiled markets by preventing foreign banks from accessing the liras they need to close out their swap positions. That’s made it almost impossible for bankers to short … Read more
Check Your Freezers: 78000 Pounds of Ground Turkey RECALLED
via theorganicprepper: If you have any ground turkey in your freezer, you need to check to see if it’s among the more than 78000 pounds of meat that has just been … Read more
Turkey’s Debt Crisis Deepens, Erdogan Bails out Banks His Way
Shifting bad consumer & business debts from banks to the public, but the way this bank bailout got packaged is pretty nifty. By Don Quijones, Spain, UK, & Mexico, editor at WOLF … Read more
Turkey, Hungary, and Israel have all secured their border with walls.
If Turkey, Israel, and Hungary can build border walls, secure their border and put their people first, so can America! AC
Loans Sour in Turkey, Inflation Hits 25%, Interest Rates Spike, Fears of Contagion Rise
The economic miracle fueled by foreign-currency debt. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The Bank of Turkey’s decision mid-September to hike its policy rate from 17.75% to … Read more
The Everything Bubble Has Already Burst in Turkey and Argentina, Who’s Next?
via GPC Yesterday’s piece generated a lot of interest, so we’re going to develop this theme some more. The key item of note is that while US stocks are holding … Read more
The Bank Most Exposed to Turkey, Argentina, Other Emerging Markets Tries to Calm Investor Fears
After the euro debt crisis, BBVA, Spain’s alpha-lender, sought greener pastures in the Emerging Markets. That bet is coming home to roost. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. … Read more
Meanwhile In The Middle East…. End Of Deep State In Syria Or WW3… Mass Russian Troops, Turkey, Iran, US Bombing Campaign
The Turkish military sends in its own convoy of tanks and weapons hoping to detour Russia and Syria. But the Battle to control the Pipeline and its riches will be … Read more
MASSIVE Currency Devaluation in Turkey of 42% in 2018! Emerging Markets Falling FAST!
Do you believe that emerging markets will be in BETTER or WORSE shape by 2019? Emerging markets are getting destroyed right now. All through 2018, we have watched several emerging … Read more
Russia, China, Japan, Turkey, Iran and Iraq Ditch US Dollar In Bilateral Trade
Following Iran and Iraq’s decision to no longer use the US dollar in bilateral trade, RT looks at world leaders who have called for a move away from dependance on … Read more
Record Cold Australia with August Snow in Turkey & Calgary
Record cold in Australia, but you would never know it by the news headline that says “Coldest August in 19 Years” buried deeper is the single small paragraph of the … Read more
No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks
To diversify from the euro-debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, they’re in a new crisis. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Almost … Read more
The Rumors are that Turkey Will Default
by Martin Armstrong The rumors running around is that Turkey will default as Erdogan decides to move to align with Iran and Russia and leave the West behind. While there have been … Read more
Rumor: Turkey Selling Gold
by Dave Read an article at KWN where Rick Rule suggested that – rumor is – Turkey has sold 50-75% of its gold stash as a result of its currency … Read more