Diminishing Returns And Fears Of The Unacceptable
“Delicate” was an appropriate adjective on Monday when it came to describing the prevailing mood
“Delicate” was an appropriate adjective on Monday when it came to describing the prevailing mood
The Turkish lira came into the week besieged. And by that, I mean it’s riding
The week started with a deadline and ended with finger pointing. “We could do that
Global equities came into the new week looking for gains as risk appetite was buoyant
Believe it or not, Recep Tayyip Erdogan let Murat Uysal hike rates on Thursday. Turkey careened
Turkey is in trouble — again. At fairly regular intervals, the country finds itself teetering
Of “foiled” plots and valuable, gas-rich allies.
“…a hugely damaging move.”
It wasn’t all good news, though.
The “or else” approach.
“An EM crisis is not an abstract possibility – it is the current reality”.
Rate cuts and plans for another cross-border incursion in Syria – this time against Assad’s forces.
A helpful reminder at a delicate juncture.
Inflation jump drives real rates further into negative territory, while Erdogan “neutralizes” nearly three-dozen of Assad’s troops.
This is yet another manifestation of Trump’s behavior normalizing autocratic regimes.
You can’t keep a “good” autocrat down.
Better than 80% of S&P 500 stocks are perched above their 200-day moving average.
“Such language would push Turkey exactly toward places that they don’t want it turn to”.
Unlike Donald Trump, when he “asks” for something from the central bank, he gets it.
“The current market configuration has emerged largely during a prolonged period of low volatility”.
So much winning – for one man, anyway.
Meanwhile, SANA said a Turkish airstrike hit a village in Ras Al-Ain
Sanctions are coming.
“[I’m] not sure the [Turkish] military will be able take this under control”.
Erdogan always finds a way.
It still won’t be enough for the autocrat, though.
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