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 … Read more
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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 … Read more
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 … Read more
Turkey Erdogan says lira crash ‘political plot’ against Turkey
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 … Read more
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 … Read more
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 … Read more
Is Turkey in 2018 similar to Thailand in 1997?
#Turkey doesn’t matter like Thailand didn’t matter in 1998 pic.twitter.com/raewm1BHCX — OW (@OccupyWisdom) August 11, 2018 Is Turkey in 2018 similar to Thailand in 1997? Thailand’s external debt was $109 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more