David Stockman: ‘Turkey May Be 1% of Global GDP But It Represents 100% of the World Economy’
David Stockman appears on “Futures Now” (CNBC, Aug. 16, 2018)
turkey
August 11th Solar Eclipse: Turkey A Harbinger of a Global Debt Crisis
by William Stickevers The Partial Solar Eclipse on August 11th at 18 Leo conjunct made a direct hit to the Turkish Neptune based on the Proclamation of the Turkish Republic horoscope (below, inner wheel). Twentieth Century astrologer Charles Jayne said that Neptune – …
Poland, the Next Turkey?
via Mish Talk: Emerging markets have taken it on the chin. Is Poland next? Murray Gunn, Head of Global Research at Elliott Wave International, asks “Is Poland the next Turkey?” Our outlook for the Polish Zloty suggests that Poland’s developing …
Turkey Increases Market Uncertainty With Additional Trade War Tariffs
From Birch Gold Group From August 7th to August 13th, the DOW dropped 475 points close to close. On Monday alone, the DOW dropped 125 points before recovering losses. The week-long losing streak was linked to Turkey’s currency crumbling and a trade war …
Why the US Is Waging Economic War on Turkey
by Daniel Carter The 70+ year alliance between the US and Turkey has finally come to a dramatic end. But this turn of events was nowhere near unforeseen. In fact, I have been writing about the progression of this calamity …
What’s Really Behind US-Turkey Crisis?
https://www.youtube.com/watch?v=WkuGH03cKqk The crisis between the US and Turkey is worsening. Washington is threatening to impose further rounds of sanctions if Ankara does not release an American evangelical pastor held on suspicions of partaking in a failed 2016 coup attempt. But …
On Turkey vs. Greece comparisons – Are we overlooking the fact that Greece was bailed out? Who is going to bail out Turkey, and how will a hard landing affect global markets differently?
by cbus20122 So I just thought of something / realized something rather basic. There have been a lot of comparison between Turkey and Greece recently with both countries experiencing some huge currency issues. Both countries at similar points are looking …
Investor Alert: Turkey‘s crisis is not over, the overloved, overhyped, overowned #FAANG stocks are falling, and all Citi Economic Surprises indices are negative…
We've had an "All tech, all the time" market, one that got (quite frankly) ridiculous. Now the overloved, overhyped, overowned #FAANG stocks are falling, and "Safe Money" style stocks that I've been a huge fan of since Jan/Feb are outperforming …
The Turkey Crisis Cannot Be Resolved without Regime Change
by Martin Armstrong The key to understanding Turkey is really simple – Erdogan has lost the confidence of his people and the world. The free-fall in the Turkish lira should be no surprise. After years of rampant dollar borrowing, running large current account deficits …
Lynette Zang: Why Contagion From Turkey Could Gobble Up The Whole World
by Lynette Zang of ITM Trading Turkey boasts the fourteenth largest economy and they’ve had easy access to global debt markets. If that debt were issued in terms of lira, no problem, it could be paid off with cheaper lira. Unfortunately, roughly $450bn …
Turkey Has Sold-Off Half Of Its Physical Gold Holdings This Year To Defend The Lira
David McAlvany and Kevin Orrick on the McAlvany Weekly Commentary Talking Turkey: “This will be the single largest default in financial history” Capital controls are like Hotel California… You can’t leave. Will Turkey, Iran, Russia, Germany abandon the West & turn to …
Emerging Markets, Turkey, Argentina, China All In CRISIS MODE as Currencies Fall! Markets Panic!
How much of an impact will this have on all markets and economies? Minimal? Or significant? https://www.youtube.com/watch?v=a01GGa5tXDc Emerging markets are looking weak. When we look at what has happened in Turkey, if we zoom out, we can see the bigger …
All Of The Sudden The Fiat Currency Crisis And Crashing Lira In Turkey Is ‘Contained’
from Zero Hedge The Dow is up over 100 points and the Turkish Lira is up 5%, rallying away from the dreaded 7.00 Maginot Line of global doom… and judging by the notes and business media narrative this morning, it’s time …
The “synchronized growth” mirage is fading; Turkey is not the only country who’s currency is melting away.
The "synchronized growth" mirage is fading. The bond market -like most markets- is a game of relatives. As investors become aware of liquidity and solvency risks in "high yield" and emerging markets, funds flow into US treasuries and dollar assets …
Why Turkey’s Bubble Economy Is About To Pop
by Jesse Colombo Though Turkey’s financial markets have been struggling since the start of this year, the country’s currency and government bonds have been in an all-out freefall in the past week. A political clash with the United States caused the lira …
Turkey’s Currency Crisis Could Soon Breathe New Life Into Gold
From Birch Gold Group This week, Your News to Know rounds up the latest news involving gold and the overall economy. Stories include: Turkey’s currency crisis is breathing new life into gold, pension crisis could be good for gold, and why gold is …
EU Banks Exposed To Turkey
by Dave The 3 banks with the most exposure to Turkey: BBVA BNP Paribas Unicredit I wouldn’t have any deposits in any of these 3. Run, don’t walk. As for the rest of the EU banking system – it is …
Turkey Erdogan says lira crash ‘political plot’ against Turkey
https://www.youtube.com/watch?v=3Nb47qR6NLc President Recep Tayyip Erdogan on Sunday said the crash of the Turkish lira, sparked by a bitter dispute with the United States, was a “political plot” against Turkey and warned Ankara would now seek new markets and partners. http://marygreeley.com/?p=73951
Turkey Approaching the Point of No Return as Erdogan Blames the Currency Decline on USA
by Martin Armstrong Turkey has little hope of coming out of this in one piece. The pretend President-Dictator, Tayyip Erdogan, has come out and denied on Saturday that Turkey is in a currency crisis. Exactly how he can even say that is …
Turkey Default Risk Spikes To 2008-2009 Crisis Levels; Possible Contagion, Warns Russell Napier
via fs All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Emerging market risks accelerated with …
Is Turkey in 2018 similar to Thailand in 1997?
https://twitter.com/OccupyWisdom/status/1028095293299073024 Is Turkey in 2018 similar to Thailand in 1997? Thailand’s external debt was $109 bn (65% of GDP), triggered by a currency crisis and sudden loss of investor confidence. This hit the entire EM complex and found its way …
Once The Market Finishes Off Turkey, They’ll Move On To The Next Countries. Is Turkey The Trigger For Another Global Banking Crisis?
Once the market finishes off Turkey, they'll move on to the next countries. Note that the BIS recently flagged Australia, Canada, Norway, Japan and South Africa in its early banking crisis indicator review. You never know. — SolidusMax (@SolidusMax) August …
Turkey economy in free fall, it could bring down many banks that have loaned hundreds of billions of dollars to them
Those banks have required that their loans be repaid in US Dollars, not the Turkish lira. Since their lira is falling apart, they cannot purchase those US dollars and will default on all those loans. This has the potential to …
Dear Turkey, Argentina, etc… Printing Currency Backed By Nothing Is Not “Creating Reserves”.
Dear Turkey, Argentina, etc… Printing Currency Backed By Nothing Is Not "Creating Reserves". Printing Currency To Pay Bloated Public Spending Destroys Currency Purchasing Power, Savers and Existing Deposits. Kills Confidence In The Currency As A Reserve of Value pic.twitter.com/t7ldFlXRpv — …
Major Escalation Pushing US-Turkey to the Brink of War Over CIA Imposter Pastor Brunson
In this breaking news report, Newsbud’s Founder & Editor Sibel Edmonds translates, for the first time, bombshell reports breaking in the Turkish press about the American pastor being detained in Turkey, Andrew Brunson. Edmonds destroys the western media’s narrative and …
Turkey the Poster Child of Emerging Market Crisis
by Martin Armstrong During the 1980s, I was called in to create a hedge for a bank against the Turkish lira which nobody made a market on. I had to create a synthetic hedge for the currency was moving into …
Deutsche Bank, Brazil, Turkey, EU Growth Slowing, EM dollar shortage, global Gov’t Yields moving higher, trade wars, Fed balance sheet roll off, nearing end of the credit cycle, ect… Jesus help us all
Deutsche Bank, Brazil, Turkey, EU Growth Slowing, EM dollar shortage, global Gov't Yields moving higher, trade wars, Fed balance sheet roll off, nearing end of the credit cycle, ect… Jesus help us all — Alastair (@StockBoardAsset) June 7, 2018 WOW …
First Argentina. Then Turkey. Could Brazil be Next? Santelli on the Global Exploding Debt with Professor Ken Rogoff
El-Erian Warns Brazil May Be Next Emerging-Market Domino to Fall First Argentina. Then Turkey. Could Brazil be next? Mohamed El-Erian hinted at exactly that as the Brazilian real led major currency losses Wednesday, even after the nation’s central bank offered …
Europe banks on ALERT: Turkey on brink of COLLAPSE threatening Eurozone CRISIS
EUROPEAN banks fear the dramatic crash of the Turkish lira could spark a crisis reminiscent of the one that hit Wall Street financial institutions 20 years ago. As oof last week, the lira was down 17 percent against the US …
Turkey Currency Meltdown… Erdogan Re-Election Threatened
Turkey’s Currency Meltdown Investing in emerging markets is like watching the tides without the moon as a guide. Capital flows in and out in surges, and woe to the country that gets caught with bad policies when the tide suddenly …