Believe it or not, Recep Tayyip Erdogan let Murat Uysal hike rates on Thursday. Turkey careened
Category: emerging markets
Carte Blanche.
“The mood remains ‘risk on'”.
‘The Air Remains Thick With Caution’: Emerging Markets Stare Down Crises In Brazil, Hong Kong
“We’ll see an HBO special about it ten or 15 years from now”.
Meanwhile, In Turkey…
Of “foiled” plots and valuable, gas-rich allies.
‘No Doubt Global Trade Is About To Fall Off A Cliff,’ One Bank Says, As Global Trade Falls Off A Cliff
There is “no sign of the trade slump bottoming out”.
The Virus Is Changing, It’s Bad In Brazil And Mike Pompeo Pokes The Dragon (Again)
“How can the market invest in a nation that does this?”
Royal Reckoning: Saudi Arabia Faces Daunting Reality After Crude Crash
Nothing says this has to dead end in some kind of dramatic fiscal fiasco, but…
Meanwhile, Turkey Plays With Fire
The “or else” approach.
An EM Crisis Is Not ‘Coming’ – It’s Already Here, One Bank Says
“An EM crisis is not an abstract possibility – it is the current reality”.
Are Emerging Markets ‘The Next Imminent Disaster’ In Pandemic? Marko Kolanovic Answers
The “next shoe to drop”? Maybe not. And here’s why.
The World Desperately Needs More Dollars. And The IMF Knows It.
The swap lines aren’t enough. And neither is the foreign repo facility.
Coronavirus Worry Shifts To South Korea. Situation ‘Very Grave’ In Daegu
“We plan to test all believers of that church”.
Emerging Market FX Looks Vulnerable As Commodity Plunge, Virus Worries, Idiosyncratic Risks Are Noxious Mix
A helpful reminder at a delicate juncture.
‘Sooner The Better’: Central Banks Hand Out Antivirals In Southeast Asia
“Adjustments” are needed.
Eight Months After Bear Market, Erdogan Drives Real Rates Negative As Local Stocks Boom
You can’t keep a “good” autocrat down.
As Stocks Power To Nosebleed Levels, Even Jeremy Siegel Is Worried
Spoiler alert: It’s been a “momentum-driven market” for a long, long time, Jeremy.
‘The World’s A Nicer Place When The Dollar’s On The Back Foot’
A lack of news makes positioning-inspired dollar drop the story du jour.
‘Tariff Man’ Returns: Trump Risks Selloff With Attacks On Brazil, Argentina
“Lower Rates & Loosen – Fed!”
South Korea Climbs Out Of Deflation – Barely
This looks uninspiring.
South Korea Exports Post Huge November Drop In Latest Sign Of Global Malaise
Exports have now declined for a dozen consecutive months.
Bank Of Korea Serves Up Another Reminder Of Sluggish Global Economy, Even As Rates Kept On Hold
Just call it another casualty of the trade war.
Don’t ‘Cry Wolf Prematurely’: Goldman Delivers Global Growth Outlook, Best Trade Ideas Headed Into 2020
There’s “career risk” involved in making recession the baseline.
As Argentina Returns To Left-Wing Populism, Tighter Capital Controls And A Fight With Brazil’s Fascist Loom
“…fertile ground for political and policy missteps”?
New Week Starts With More Dour Data As South Korea Exports Plunge Again
As expected, sadly.
Turkey’s Captive Central Bank Delivers Another Large Rate Cut For Erdogan
It still won’t be enough for the autocrat, though.
Inflation In South Korea Just Fell To Zero
Don’t worry, because “it’s hard to say it’s a precursor of deflation”.
Long Lines And ‘That Fear Of Not Knowing’: Argentina Stares Into Abyss As Capital Controls Implemented
“I prefer to be cautious and not regret it later”.
