Turkey Was Ready To Release Pastor Brunson Last Week And Then…
“We told them that at least we have to see some goodwill.”
“We told them that at least we have to see some goodwill.”
If you’re Andrew Brunson, I’m not sure what’s more disconcerting…
“But in the frantic QE-inspired hunt for yield, nobody cared.”
Anyone for falling knives?
A durable alliance.
It’s probably fair to say that everyone’s TRY forecasts are “under review”.
“As the tide of excess liquidity recedes, EMs like South Africa will begin to pay the heavy price of this misallocation of credit.”
This has descended into farce, which is precisely what you’d expect…
Turkey’s woes are not any semblance of “contained”.
Pray for Turkey.
Get ready for capital controls.
“…markets need to be prepared for a hard landing in the economy, corporate defaults on foreign currency debt, and possible bank failures.”
After weeks spent teetering on the brink, the Turkish lira collapsed on Friday.
“Don’t be afraid at all, it will all pass.”
How to trigger a currency crisis in five months.
It’s not without risks, of course.
Trade, Japan, Turkey, rubles and so much more.
“In this environment the infamous carry-trade will come under pressure and the misallocation of credit will be revealed.”
Come hell or high sanctions.
Erdogan isn’t going to like this.
What summer lull?
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