Lira Collapses Most Since Coup As Gulen Witch Hunt Triggers Diplomatic Crisis With U.S.

This of course stems directly from Erdogan’s ongoing efforts to bring arch nemesis Fethullah Gulen to “justice.” Pretty much anything that goes wrong for Erdogan gets blamed one of two things: 1) a Kurdish conspiracy, 2) a Gulen-linked conspiracy. This latest spat with Washington is no exception. 

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Powder Keg Alert: Kurdish Referendum In Focus As Erdogan Threatens Oil Flows, Military Strike

“Our military is not (at the border) for nothing. We could arrive suddenly one night.”

Geopolitics! Won At 4-Month Low, Lira Sinks, Trump Says ‘Very Severe’ Shit Is Goin’ Down

Well, the won is at four-month low against the dollar on Thursday because, well, because a mushroom cloud over Seoul isn’t an entirely far-fetched proposition. “The won is under pressure as it appears North Korea is getting closer and closer to its nuclear program and that is causing tension and apprehension in the Korean peninsula,”…

Turkey Bans Singing After Dark As US Investors Dump Most Turkish Stocks Since September

Turkish President — and man who thinks democracy is really, really fucking overrated — Recep Tayyip Erdoğan has heard all the folk song Karaoke that he cares to hear, which is why on Friday, he banned singing.

Photo Of The Day: Arriving In Style

“Air Sultan”…

“Turkish Delight”: This Hasn’t Happened Since October 2013

Now I don’t know why, but a whole lot of people have gotten it in their heads that Recep Tayyip Erdogan’s recent referendum win (which, you’re reminded, essentially made him Sultan) is a positive development for Turkey. This despite the fact that the consolidation of power in a newly reconstituted (both figuratively and literally) presidency quite…

Video: Priebus Says Trump May Change Libel Laws To Punish Media

“Whether this gets executed is a different story”…

In Truly Absurd Move, Turkey’s Erdogan Bans Wikipedia, TV Dating Shows

“”In radio and television broadcasting services, such programmes in which people are introduced to find a friend…. cannot be permitted.”

“We May Come Overnight, All Of A Sudden!” Turkey’s Erdogan Warns, As US Troops Deployed

Earlier this week, we highlighted a story that’s flown (both figuratively and literally) under the radar. Namely the Turkish military’s airstrikes on Kurdish positions in Syria and Iraq. You’re encouraged to read the entire post here: One Man’s Kurd Is Another Man’s “Terrorist”: Turkey Bombs US-Allied Forces In Syria, Iraq. The bottom line is that Turkish…

“Flashpoints”: One Slide Sums Up Trump’s Key Geopolitical Hurdles

I’ve been a broken record when it comes to suggesting that geopolitics will become an increasingly important driver of asset prices in the months and years ahead. It’s not so much that geopolitical events haven’t always been a factor for markets, it’s just that when you have land mines like the Brexit referendum and the US election – both of…

Here’s What To Expect For Turkish Assets Following The Great Sultan Rally

Monday is “write your own Turkish lira jokes” day…

Fortune Cookie Say: “Good Econ Data!” The Sultan Returns. Welcome To Monday.

Boom! It’s Monday. Let’s hit the ground running.

Lira Leaps More Than 2% Following Erdogan’s Big Referendum Win

The outcome removes prevailing uncertainty in Turkish politics, “at least in the short-term,” says Rabobank’s Piotr Matys who sees scope for the lira to rally to 3.5561 against the dollar, and then 3.40 as “the next potential short-term target”

Erdogan Becomes Sultan After Turkey Referendum, Opposition Contests Result

Early on, it looked like Turkey’s Erdogan was well on his way to easily winning a historic referendum that would allow him to change the country’s constitution and consolidate power in the presidency. As noted earlier today and as detailed extensively on Saturday, this is a huge deal for Turkey and for emerging markets. But as the votes came…

Turkey Caption Contest: Erdogan Is “Confident” You’ll Make “The Expected Decision”

“I believe in my nation’s democratic common sense.”