Trump Indicates He Won’t Accept CIA Conclusion On Khashoggi Murder
“Spectacular allies” and all.
“Spectacular allies” and all.
See? Erdogan isn’t such a bad guy after all…
Recep Tayyip Erdogan has a plan.
What’s going to be a real “shame” is if there’s not some resolution to this situation by Monday.
“…markets need to be prepared for a hard landing in the economy, corporate defaults on foreign currency debt, and possible bank failures.”
“Don’t be afraid at all, it will all pass.”
How to trigger a currency crisis in five months.
“Is the lira collapse over? Doubtful.”
“We were patient until last night.”
Come hell or high sanctions.
Erdogan isn’t going to like this.
I guess we can all hope that Trump’s affinity for autocrats wins the day.
Accepting idiosyncratic, country-specific risk is part and parcel of investing in emerging markets, but this has gone well beyond that.
Prepare to be harangued with tales of international conspiracies from newly-minted Sultan Recep Tayyip ErdoÄŸan.Â
God ain’t gonna help you here, I’m afraid.
“The charges are so grave (essentially implicating the current president of Turkey) that one may say ‘sky is the limit’ as far as the magnitude and scope of potential sanctions go.”
And the plot thickens.
“He said: ‘We don’t want anyone to know the Flynn Intel Group has anything to do with this.’ â€
“That agreement has been terminated, the four people said.”
This is completely out of control.
This is what panic looks like.
This opens all kinds of doors.
And it just gets worse, and worse and…
“Fragile Five” and “an alternative version of monetary policy reality.”
“…when Erdogan met with Biden a year ago, he claimed bizarrely that Preet Bharara was a Gulenist tool.”
“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.”
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