by confoundedinterest17 Turkey (the nation, not the bird) is now the Venezuela of Europe/Middle East, where insane government policies are destroying both nations. (Dow Jones) — Turkey’s central bank intervened to arrest the plunge in the country’s currency, which lost as much …
Like the rest of you I’m watching the inflation drama unfold but I assumed they had plenty of powder considering they haven’t enacted capital controls yet . Did a quick Google search and it appears that it’s an absolute mess …
Instead of Black Swan… the markets got Black Turkey — Russian Market (@runews) December 17, 2021 File under: Turkey is the new Lehman 😉 https://t.co/rUMF4b7tVZ — Reminiscences of an American Capitalist (@4Awesometweet) December 17, 2021 Turkey Main Stock Index -8% …
ISTANBUL — Lines outside bread stores and gas stations; farmers defaulting on loans; impromptu street demonstrations. The signs of economic distress in Turkey are all too clear as the lira continues a dizzying slide. Sporadic protests have broken out around …
Rebel Capitalist, Released on 11/24/21 ECB Staff Union Demands More Pay to Guard Against Inflation “Even if the rise in inflation could be of a temporary nature — which we all hope — we have no guarantee to recoup …
With Thanksgiving almost here, the U.S. Centers for Disease Control and Prevention has issued tips on the safest way to prepare your turkey. First of all, you should not wash or rinse your bird. That may seem counterintuitive, but washing …
by CrefloSilver999
by Chris Black The global monetary system is interconnected, and every currency in the world is set to collapse at some point, including the US dollar, to make room for the new digital currency emitted by BIS/Central Banks. Moreover, every …
by Shaun Richards It was only around 6 weeks ago that we last looked at the state of play in Turkey on October the 11th and because so much has changed let us remind ourselves of the position back then. …
by Steve St Angelo of SRSrocco Report With American silver investment demand continuing to be very strong this year, the U.S. is importing even more silver. The U.S. market is now acquiring metal from Turkey, Russia, Uzbekistan, and Kazakhstan to access more silver. While …
In a special programme on the wildfires burning across large parts of the Mediterranean, Sky’s Alex Crawford reports from the scene of a blaze in Turkey.
ALERT 🚨 Northeastern Turkey hit by massive floods pic.twitter.com/z4qFuSOuac — Insider Paper (@TheInsiderPaper) July 22, 2021
They're fighting over turkey legs at six flags 🦃🍗😂#Sixflags pic.twitter.com/iO9jrOj7M7 — Younis Hussein (@Younis_Hussein_) June 1, 2021
Interior Minister Suleyman Soylu winding down ties with US security forces as he continues to accuse Washington of playing role in 2016 coup attempt — EndGameWW3 🇺🇸 (@EndGameWW3) May 21, 2021
A statement issued by the Turkish Ministry of Defense regarding the ownership of the Incirlik base and all the weapons systems at its disposal! The announcement came as a blow because US Pentagon officials themselves did not expect any Turkish …
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 Jerome, M2 Money velocity is hitting the pavement like a …
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 replaced him with professor Şahap Kavcıoğlu, according to a presidential …
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 2018. The country’s net external debt stock to its gross domestic …
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 the lira or exit carry trades, and forced the overnight lira …
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 recalled. Produced by Butterball, LLC, in Mount Olive, N.C, the …
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 STREET. Turkish President Recep Tayyip Erdoğan has launched a raft …
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 24% may have temporarily stemmed the rout in the Turkish …
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 up, the Fed’s hawkishness has already blown up much of …
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. Few, if any, global banks have bet as large, or …
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 market currencies declining and the contagion is spreading.
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 all tie record cold in Melbourne, a capital city no …
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 exactly six years ago, the Spanish government requested a €100 …
