It’s time to quote Howard Marks again…
Author: therealheisenberg
After Second Worst Week In A Quarter Century, Turkey Engineers Lira Bounce With Swaps Crackdown
It’s probably fair to say that everyone’s TRY forecasts are “under review”.
Turkey’s Erdogan Will Now Tax American Liquor And Cars, Will Also Prosecute People For Talking Bad About His Lira
Who knows, maybe Turkey will indict Trump before Mueller does.
To Spillover Or Not To Spillover, That’s The Question
“Spillover”, “contagion”, “transmission”, etc. etc.
One Bank Warns: ‘Forget Turkey, Asia Is The Elephant In This Room’
“As the tide of excess liquidity recedes, EMs like South Africa will begin to pay the heavy price of this misallocation of credit.”
Trump Says Sessions Isn’t ‘Real’ AG, Admits Real Reason For Strzok Firing, Calls A Black Woman ‘A Dog’
Sometimes you wonder if Donald Trump is just a man resigned to his own fate.
Lost Arms, Cut Beards And Untrustworthy Dollars: Just Another Day In Turkey’s Burgeoning Crisis
This has descended into farce, which is precisely what you’d expect…
Farmers Made Worse Again As U.S. Farm Export Prices Plunge Most In 7 Years
“It’s ok, they can take it.”
Battle Of The Stable Geniuses: Erdogan Boycotts iPhones, Says Everybody Wants A Vestel Venus Now
Recep Tayyip Erdogan has a plan.
Assessing ‘Narrow’-Mindedness In Markets
FAANGs and such.
‘Perhaps – Finally – Realistic’: Five Years Later, One Man’s Carry Trade Prophecy Comes True
Bad things come to those who wait.
Argentina Races Thunderstorm With Monday Panic Hike
“They had to do something”.
Trump Gets ‘Great Lover’ Peter Strzok Fired, Then Demands Investigation Of Hillary Clinton
“No Collusion, No Obstruction”.
Let’s Check In On Turkish Banks, Because Realistically, How Bad Could It … Oh, No.
It’s not looking great, but again, valuations are cheap!
Emerging Market Crisis Beckons As Currencies Shudder Amid Lira Drop
Turkey’s woes are not any semblance of “contained”.
Turkish Delight: Full Week Ahead Preview
Pray for Turkey.
Lira Collapses Anew As Erdogan Digs In, Tempts Fate
“Turkey will not convert or seize FX deposits.”
‘I Dare You’: Erdogan Sets Stage For Outright Collapse In Turkey With Sunday Speech
“We see the game you are playing; we dare you.”
What $335 Billion In AUM Says About The Future For Emerging Markets, The Yuan And The Trade War
I think the “oranges” may “know” more than they think.
Don’t Forget About Russia
Lost in the shuffle, but not for long.
‘Shame On You’! Erdogan Blasts Trump, U.S. In Characteristically Absurd Saturday Speech
What’s going to be a real “shame” is if there’s not some resolution to this situation by Monday.
As Turkish Banks Struggle To Meet FX Demand, Emergency Meeting Scheduled For Saturday
Get ready for capital controls.
Erdogan Explains It All In 800-Word New York Times Op-Ed
“On July 15, 2016, Turkey came under attack by members of a shadowy group led by Fethullah Gulen, who leads his organization, officially described by my government as Fethullah Terrorist Organization, from a compound in rural Pennsylvania.”
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