Spoiler alert: It probably won’t work.
Category: FX
As Yuan Turns More Volatile Than Euro, Turnover Soars
“Avoid herd behavior.”
Argentina’s Peso Crashes As Macri Asks IMF To Hurry Up With More Bailout Money
That wasn’t what the market wanted to hear.
Meanwhile, In Turkey …
“In case you were wondering whether the news is getting any better for Turkey, the answer is ‘no.'”
One Bank Says U.S. Midterms Will Spark Emerging Market Rally And Then…
Expect a reprieve, but beware 2019.
Psychological Overhang: Full Week Ahead Preview
U.S. politics and trade are likely to dominate the headlines this week.
BIS: Trump’s Trade Policies Could Create ‘Perfect Storm’, Cause Global Financial Crisis
“Protectionism could set off a succession of negative consequences. If all the elements were to combine, we could face a perfect storm.”
There’s News On NAFTA, And For Once It Isn’t Terrible
Anything that isn’t bad news is great news.
Turkish Tech Minister Says Maybe Digital ‘Barter System’ Might Work If Trump Weaponizes Dollar
“…this war has turned into a financial war.”
Liquidity Drain And The ‘Still Playing Non-Stop Event Risk Cabaret’
The tide is going out.
As The S&P Hits All-Time Highs, Here’s What You Should Be Watching
Hint: it’s the dollar.
A ‘Stealth’ Rate Hike From Turkey And A ‘Pick Your Poison’ Quandary For Europe
How to hike without hiking and what to do when there are no “good” options.
Concerned Citizens: Full Week Ahead Preview
New week, same issues. But let’s talk about them anyway.
This Is Not A Drill: Jerome Powell Needs To Be Careful In Jackson Hole
Fragile. Handle with care.
Of VaR Shocks And ‘Sucking Sounds’
That “sucks.”
You Can’t Fix Stupid: U.S. Treasury Will ‘Pressure’ China To Strengthen The Yuan
Trying to process the kind of narcissistic delirium that’s behind this “strategy” is quite challenging.
Let’s Play Dollar Bingo With Larry Kudlow – Who Had ‘Cherished’?
None of this makes any sense. Not a bit of it. It’s a self-referential nightmare.
‘Let’s Face It, Everybody Knew This Was Coming’: Albert Edwards Weighs In On Emerging Market Crisis
“But in the frantic QE-inspired hunt for yield, nobody cared.”
Hello, Yuan Bears? China Will Be Squeezing You Now. Have A Nice Day.
“…the three channels of downward pressure on the RMB are now restricted.”
Blood In The Water: Here’s Why The Emerging Market Rout Is Dangerous
Wednesday is a disconcerting day for emerging markets.Â
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”.
To Spillover Or Not To Spillover, That’s The Question
“Spillover”, “contagion”, “transmission”, etc. etc.
‘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”.
Emerging Market Crisis Beckons As Currencies Shudder Amid Lira Drop
Turkey’s woes are not any semblance of “contained”.
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