‘This Is A Joke’: Lira Crashes To Record Low As Market Doubts Erdogan’s Credentials As Rates Strategist

This is completely out of control.

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Into The Wild Blue Yonder.

Ok, well there were some notable headlines to start the week…

Thanks A Lot: Full Week Ahead Preview

Holiday road.

Panic Time! Turkey Launches Investigation Into Preet Bharara As Zarrab Debacle Spirals Out Of Control

This is what panic looks like.

Sour Note.

Well, an eventful week ended on a sour note, which is a shame for the bulls because Thursday was a barnburner. 

A ‘Golden’ Opportunity: Mueller, Flynn, Trump And The Case Of Reza Zarrab

This opens all kinds of doors.

It Could Have Been Worse – A Lot Worse.

The setup was terrible, with falling commodities, a downbeat Asian session, and junk jitters weighing on sentiment.

More Questions, Less Answers.

Not what I would call an “upbeat” session.

Mueller Probing Flynn Plot To Kidnap Pennsylvania Cleric, Deliver Him To Turkey For $15 Million

“Under the alleged proposal, Mr. Flynn and his son, Michael Flynn Jr., were to be paid as much as $15 million for delivering Fethullah Gulen to the Turkish government.”

All’s Well That Ends In An Epic Mideast Death Match.

Tension is running high on Monday…

This Is Where The Next EM Crisis Will Start

“Fragile Five” and “an alternative version of monetary policy reality.”

‘Do Something!’

And that, folks, is the week.

Roasted Turkey: Of Gold Traders, Runaway Inflation And Angry Autocrats Named Erdogan

“…when Erdogan met with Biden a year ago, he claimed bizarrely that Preet Bharara was a Gulenist tool.”

Fireworks.

“…or what counts as ‘fireworks.'”

Trader: ‘You Don’t Always Get Something For Nothing’

“Traders like to blame all the world’s ills on central bank behavior and then scream when markets act like markets. Or their machines act like robots.”