by confoundedinterest17 Yes, The Federal Reserve is having its own WKRP Turkey Drop, except they are dropping piles cash. Powell: “As God is my witness, I thought M2 Money could fly.” Sorry
by Shaun Richards The weekend just gone saw some extraordinary moves in Turkey. Ankara dismissed the head of the Central Bank of the Republic of Turkey’s (CBRT), Naci Ağbal, and
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
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
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
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
If Turkey, Israel, and Hungary can build border walls, secure their border and put their people first, so can America! AC
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
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
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.
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
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
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
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
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
China’s stock market is down over 20% GSIB banks are in a bear market Argentina and Turkey’s currencies are down 40%+ this year Venezuela is destroyed South Africa, India, and