As Trump, Pence Threaten Turkey With Sanctions, It’s Time For Markets To Accept The Reality Of Erdogan
Accepting idiosyncratic, country-specific risk is part and parcel of investing in emerging markets, but this has gone well beyond that.
Accepting idiosyncratic, country-specific risk is part and parcel of investing in emerging markets, but this has gone well beyond that.
“Mueller is currently grinding the heel of his wingtip into Paul Manafort and Michael Cohen’s balls, not because he’s trying to flip them, but because he’s just a couple of weeks away from wrapping this whole thing up. Sounds legit!”
“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.”
If Monday was largely a bore outside of some overnight fireworks in Asia, Tuesday made up for it.
“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.”
Ok, well there were some notable headlines to start the week…
Holiday road.
“Under the alleged proposal, Mr. Flynn and his son, Michael Flynn Jr., were to be paid as much as $15 million for delivering Fethullah Gulen to the Turkish government.”
“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.”
Score one for “The New Colossus”.
Recep Tayyip Erdogan has a plan.
Prepare to be harangued with tales of international conspiracies from newly-minted Sultan Recep Tayyip ErdoÄŸan.Â
“I recognize the actions were wrong.”
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