There’s Only One Kind Of Umbrella For This Perfect Storm
It’s raining, it’s pouring…
It’s raining, it’s pouring…
If you’re Andrew Brunson, I’m not sure what’s more disconcerting…
“My guess is that it is later rather than sooner, but we are definitely getting closer with days like today.”
“But in the frantic QE-inspired hunt for yield, nobody cared.”
Anyone for falling knives?
“The Chinese side reiterates that it opposes unilateralism and trade protectionism and does not accept any unilateral trade restrictions.”Â
Wednesday is a disconcerting day for emerging markets.Â
It’s time to quote Howard Marks again…
“Spillover”, “contagion”, “transmission”, etc. etc.
Recep Tayyip Erdogan has a plan.
Bad things come to those who wait.
“They had to do something”.
It’s not looking great, but again, valuations are cheap!
Turkey’s woes are not any semblance of “contained”.
Pray for Turkey.
“Turkey will not convert or seize FX deposits.”
I think the “oranges” may “know” more than they think.
Lost in the shuffle, but not for long.
What’s going to be a real “shame” is if there’s not some resolution to this situation by Monday.
Get ready for capital controls.
“On July 15, 2016, Turkey came under attack by members of a shadowy group led by Fethullah Gulen, who leads his organization, officially described by my government as Fethullah Terrorist Organization, from a compound in rural Pennsylvania.”
What could go wrong with this setup?
After weeks spent teetering on the brink, the Turkish lira collapsed on Friday.
And at the heart of it all…
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