Turkey Now Less Credit Worthy Than Senegal Amid Ongoing Currency Crisis … Is What A ‘Gulenist Tool’ Would Say
Are you trying to make Erdogan lose his mind? Because you’re going to make Erdogan lose his mind.
Are you trying to make Erdogan lose his mind? Because you’re going to make Erdogan lose his mind.
Any bids on BTPs and/or the lira?
Monday was predictable.
God ain’t gonna help you here, I’m afraid.
“I gotcha, I gotcha … oops.”
When “selections” become “choices” again, we have to decide whether that’s ultimately a “bad” turn of events or whether it’s just an inevitable (and ultimately desirable) consequence of a return to two-way markets.Â
Keep the faith?
Be patient. It’ll work out. Maybe.
Dat’s yo’ word, son?
Here’s what’s in play.
And that’s the week.
“At their core, most macro models are central banking models and macro managers are carry investors. They willingly tied themselves to success in predicting bank actions, and in so doing had a wonderful stretch of good returns and low correlations with stocks.”
One day on…
Well, he did it.
Anyone want to try and predict what comes next here?
Who said EM meltdown?
Trade accordingly.
Or actually don’t – because if the above is right and you sell, then you’ll end up exacerbating the situation
But hell, I don’t know. Maybe I’m just a scheming “Gulenist tool” like Preet Bharara.
So yeah, cue the mascot minefield meme.
And that’s the week.
Turn on your wipers.
Now cue Erdogan to explain how the problem is the “interest rate lobby”.
That’s one “very cool” holding pattern.
Yeah, that’s probably not going to do it.
As usual, lots on the docket.
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