Skip to content
Sunday, November 08, 2026
Heisenberg Report

Heisenberg Report

Sign In Subscribe
  • Home
  • Markets
  • Economy
  • Politics
  • Weekly
  • Monthly Letters
  • Kitsch Register

Category: emerging markets

Turkey’s ‘Stunning’ Rate Hike And The Folly Of Misreading Autocrats

September 24, 2020September 24, 2020

Believe it or not, Recep Tayyip Erdogan let Murat Uysal hike rates on Thursday. Turkey careened

Read More

Leave a Comment on Turkey’s ‘Stunning’ Rate Hike And The Folly Of Misreading Autocrats

Carte Blanche.

June 5, 2020June 5, 2020

“The mood remains ‘risk on'”.

Read More

oil3 Comments on Carte Blanche.

‘The Air Remains Thick With Caution’: Emerging Markets Stare Down Crises In Brazil, Hong Kong

May 24, 2020May 24, 2020

“We’ll see an HBO special about it ten or 15 years from now”.

Read More

5 Comments on ‘The Air Remains Thick With Caution’: Emerging Markets Stare Down Crises In Brazil, Hong Kong

Meanwhile, In Turkey…

May 21, 2020May 21, 2020

Of “foiled” plots and valuable, gas-rich allies.

Read More

Leave a Comment on Meanwhile, In Turkey…

‘No Doubt Global Trade Is About To Fall Off A Cliff,’ One Bank Says, As Global Trade Falls Off A Cliff

May 20, 2020May 20, 2020

There is “no sign of the trade slump bottoming out”.

Read More

3 Comments on ‘No Doubt Global Trade Is About To Fall Off A Cliff,’ One Bank Says, As Global Trade Falls Off A Cliff

The Virus Is Changing, It’s Bad In Brazil And Mike Pompeo Pokes The Dragon (Again)

May 20, 2020May 20, 2020

“How can the market invest in a nation that does this?”

Read More

5 Comments on The Virus Is Changing, It’s Bad In Brazil And Mike Pompeo Pokes The Dragon (Again)

Royal Reckoning: Saudi Arabia Faces Daunting Reality After Crude Crash

May 2, 2020May 2, 2020

Nothing says this has to dead end in some kind of dramatic fiscal fiasco, but…

Read More

oil11 Comments on Royal Reckoning: Saudi Arabia Faces Daunting Reality After Crude Crash

Meanwhile, Turkey Plays With Fire

April 22, 2020

The “or else” approach.

Read More

1 Comment on Meanwhile, Turkey Plays With Fire

An EM Crisis Is Not ‘Coming’ – It’s Already Here, One Bank Says

April 17, 2020April 17, 2020

“An EM crisis is not an abstract possibility – it is the current reality”.

Read More

1 Comment on An EM Crisis Is Not ‘Coming’ – It’s Already Here, One Bank Says

Are Emerging Markets ‘The Next Imminent Disaster’ In Pandemic? Marko Kolanovic Answers

April 16, 2020April 16, 2020

The “next shoe to drop”? Maybe not. And here’s why.

Read More

The World Desperately Needs More Dollars. And The IMF Knows It.

April 7, 2020April 7, 2020

The swap lines aren’t enough. And neither is the foreign repo facility.

Read More

3 Comments on The World Desperately Needs More Dollars. And The IMF Knows It.

Coronavirus Worry Shifts To South Korea. Situation ‘Very Grave’ In Daegu

February 20, 2020February 20, 2020

“We plan to test all believers of that church”.

Read More

3 Comments on Coronavirus Worry Shifts To South Korea. Situation ‘Very Grave’ In Daegu

Emerging Market FX Looks Vulnerable As Commodity Plunge, Virus Worries, Idiosyncratic Risks Are Noxious Mix

February 7, 2020February 7, 2020

A helpful reminder at a delicate juncture.

Read More

1 Comment on Emerging Market FX Looks Vulnerable As Commodity Plunge, Virus Worries, Idiosyncratic Risks Are Noxious Mix

‘Sooner The Better’: Central Banks Hand Out Antivirals In Southeast Asia

February 5, 2020

“Adjustments” are needed.

Read More

Leave a Comment on ‘Sooner The Better’: Central Banks Hand Out Antivirals In Southeast Asia

Eight Months After Bear Market, Erdogan Drives Real Rates Negative As Local Stocks Boom

January 16, 2020January 16, 2020

You can’t keep a “good” autocrat down.

Read More

Leave a Comment on Eight Months After Bear Market, Erdogan Drives Real Rates Negative As Local Stocks Boom

As Stocks Power To Nosebleed Levels, Even Jeremy Siegel Is Worried

January 9, 2020January 10, 2020

Spoiler alert: It’s been a “momentum-driven market” for a long, long time, Jeremy.

Read More

2 Comments on As Stocks Power To Nosebleed Levels, Even Jeremy Siegel Is Worried

‘The World’s A Nicer Place When The Dollar’s On The Back Foot’

December 30, 2019December 30, 2019

A lack of news makes positioning-inspired dollar drop the story du jour.

Read More

1 Comment on ‘The World’s A Nicer Place When The Dollar’s On The Back Foot’

‘Tariff Man’ Returns: Trump Risks Selloff With Attacks On Brazil, Argentina

December 2, 2019December 2, 2019

“Lower Rates & Loosen – Fed!”

Read More

1 Comment on ‘Tariff Man’ Returns: Trump Risks Selloff With Attacks On Brazil, Argentina

South Korea Climbs Out Of Deflation – Barely

December 1, 2019December 1, 2019

This looks uninspiring.

Read More

Leave a Comment on South Korea Climbs Out Of Deflation – Barely

South Korea Exports Post Huge November Drop In Latest Sign Of Global Malaise

November 30, 2019December 1, 2019

Exports have now declined for a dozen consecutive months.

Read More

3 Comments on South Korea Exports Post Huge November Drop In Latest Sign Of Global Malaise

Bank Of Korea Serves Up Another Reminder Of Sluggish Global Economy, Even As Rates Kept On Hold

November 28, 2019November 30, 2019

Just call it another casualty of the trade war.

Read More

Leave a Comment on Bank Of Korea Serves Up Another Reminder Of Sluggish Global Economy, Even As Rates Kept On Hold

Don’t ‘Cry Wolf Prematurely’: Goldman Delivers Global Growth Outlook, Best Trade Ideas Headed Into 2020

November 21, 2019November 24, 2019

There’s “career risk” involved in making recession the baseline.

Read More

1 Comment on Don’t ‘Cry Wolf Prematurely’: Goldman Delivers Global Growth Outlook, Best Trade Ideas Headed Into 2020

As Argentina Returns To Left-Wing Populism, Tighter Capital Controls And A Fight With Brazil’s Fascist Loom

October 28, 2019October 28, 2019

“…fertile ground for political and policy missteps”?

Read More

Leave a Comment on As Argentina Returns To Left-Wing Populism, Tighter Capital Controls And A Fight With Brazil’s Fascist Loom

New Week Starts With More Dour Data As South Korea Exports Plunge Again

October 20, 2019November 30, 2019

As expected, sadly.

Read More

Leave a Comment on New Week Starts With More Dour Data As South Korea Exports Plunge Again

Turkey’s Captive Central Bank Delivers Another Large Rate Cut For Erdogan

September 12, 2019September 12, 2019

It still won’t be enough for the autocrat, though.

Read More

Leave a Comment on Turkey’s Captive Central Bank Delivers Another Large Rate Cut For Erdogan

Inflation In South Korea Just Fell To Zero

September 2, 2019November 30, 2019

Don’t worry, because “it’s hard to say it’s a precursor of deflation”.

Read More

Leave a Comment on Inflation In South Korea Just Fell To Zero

Long Lines And ‘That Fear Of Not Knowing’: Argentina Stares Into Abyss As Capital Controls Implemented

September 2, 2019September 2, 2019

“I prefer to be cautious and not regret it later”.

Read More

4 Comments on Long Lines And ‘That Fear Of Not Knowing’: Argentina Stares Into Abyss As Capital Controls Implemented

Posts pagination

1 2 … 13 Next

Monthly Letter

  • The Arbitrageur

Recent Comments

  • SeaTurtle on Rasputin Presiding
  • TCX2 on Rasputin Presiding
  • hackpoet on Rasputin Presiding
  • clifford henry on Rasputin Presiding

Monthly Letters

The Arbitrageur

October 29, 2026October 29, 2026

To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

Questions, tips or inquiries of any kind: [email protected]

Privacy Policy & Cookies

About Us

Subscription FAQs

All Rights Reserved 2026.

Upgrade your subscription

Join institutional investors, analysts and strategists from the world's largest banks
Subscribe now for just $7

Already a subscriber? Log in here

Loading Comments...

You must be logged in to post a comment.