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Featured

Weekly: Melodrama

November 7, 2026November 7, 2026
  • ‘Dem Fatale’ Crashes The AI Party

    November 6, 2026November 6, 2026
  • Inflation Fatalism Has Set In

    November 6, 2026
  • Drunken Monkey Darts

    November 6, 2026November 6, 2026

Markets

On Wall Street: Crash And F’in’ Burn

November 5, 2026November 7, 2026
  • Did Democrats Just Kill ‘New 60/40’?

    November 5, 2026November 6, 2026
  • Um, Excuse Me, But Your Chips Are Bleeding

    November 5, 2026November 6, 2026
  • Deus Ex Machina?

    November 4, 2026November 5, 2026
  • The Capex Catch-22

    November 3, 2026November 4, 2026

economy

‘Tis The Season! For Temporary Fulfillment Jobs

November 5, 2026November 6, 2026
  • Senseless Iran War Triggers BoE Hike, 5% Inflation Warning

    November 5, 2026November 5, 2026
  • Irrepressible

    November 4, 2026November 5, 2026
  • In Other News: Scorching ‘Job Changer’ Pay Gains, AI Disruption

    November 4, 2026November 5, 2026
  • Someone’s Got Work For You

    November 3, 2026November 4, 2026

Geopolitics

Tsunami

November 4, 2026November 5, 2026

Let’s Talk Blue Waves

November 1, 2026November 2, 2026

Lagarde Versus Le Pen?

October 29, 2026October 30, 2026

Duly Noted

US Jobless Claims Chase History

November 5, 2026November 7, 2026

An ARM And A Leg

October 28, 2026October 30, 2026

After Second Worst Week In A Quarter Century, Turkey Engineers Lira Bounce With Swaps Crackdown

August 15, 2018August 15, 2018

It’s probably fair to say that everyone’s TRY forecasts are “under review”.

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Turkey’s Erdogan Will Now Tax American Liquor And Cars, Will Also Prosecute People For Talking Bad About His Lira

August 15, 2018August 15, 2018

Who knows, maybe Turkey will indict Trump before Mueller does.

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To Spillover Or Not To Spillover, That’s The Question

August 14, 2018

“Spillover”, “contagion”, “transmission”, etc. etc.

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One Bank Warns: ‘Forget Turkey, Asia Is The Elephant In This Room’

August 14, 2018August 15, 2018

“As the tide of excess liquidity recedes, EMs like South Africa will begin to pay the heavy price of this misallocation of credit.”

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Trader Reminds You: ‘Tomorrow Is Another QT Day’

August 14, 2018November 13, 2018

“But here we are, with tomorrow (Wednesday August 15th), having just a shade over $23 billion of bonds expiring.”

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2 Comments on Trader Reminds You: ‘Tomorrow Is Another QT Day’

Trump Says Sessions Isn’t ‘Real’ AG, Admits Real Reason For Strzok Firing, Calls A Black Woman ‘A Dog’

August 14, 2018October 16, 2021

Sometimes you wonder if Donald Trump is just a man resigned to his own fate.

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Lost Arms, Cut Beards And Untrustworthy Dollars: Just Another Day In Turkey’s Burgeoning Crisis

August 14, 2018

This has descended into farce, which is precisely what you’d expect…

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Farmers Made Worse Again As U.S. Farm Export Prices Plunge Most In 7 Years

August 14, 2018August 15, 2018

“It’s ok, they can take it.”

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Battle Of The Stable Geniuses: Erdogan Boycotts iPhones, Says Everybody Wants A Vestel Venus Now

August 14, 2018August 14, 2018

Recep Tayyip Erdogan has a plan.

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Assessing ‘Narrow’-Mindedness In Markets

August 13, 2018August 14, 2018

FAANGs and such.

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‘Perhaps – Finally – Realistic’: Five Years Later, One Man’s Carry Trade Prophecy Comes True

August 13, 2018August 13, 2018

Bad things come to those who wait.

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2 Comments on ‘Perhaps – Finally – Realistic’: Five Years Later, One Man’s Carry Trade Prophecy Comes True

Argentina Races Thunderstorm With Monday Panic Hike

August 13, 2018August 13, 2018

“They had to do something”.

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Trump Gets ‘Great Lover’ Peter Strzok Fired, Then Demands Investigation Of Hillary Clinton

August 13, 2018October 16, 2021

“No Collusion, No Obstruction”.

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Let’s Check In On Turkish Banks, Because Realistically, How Bad Could It … Oh, No.

August 13, 2018October 16, 2021

It’s not looking great, but again, valuations are cheap!

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With Lira Now More Volatile Than Bitcoin, Here Are Turkey’s Options For ‘Exiting The Vortex’

August 13, 2018August 13, 2018

“Fictive scenarios”.

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Emerging Market Crisis Beckons As Currencies Shudder Amid Lira Drop

August 13, 2018August 13, 2018

Turkey’s woes are not any semblance of “contained”.

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Turkish Delight: Full Week Ahead Preview

August 12, 2018August 13, 2018

Pray for Turkey.

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Lira Collapses Anew As Erdogan Digs In, Tempts Fate

August 12, 2018August 12, 2018

“Turkey will not convert or seize FX deposits.”

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‘I Dare You’: Erdogan Sets Stage For Outright Collapse In Turkey With Sunday Speech

August 12, 2018

“We see the game you are playing; we dare you.”

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The Bikers Of Bedminster: Another Preposterous Saturday In Trump’s America

August 12, 2018August 13, 2018

Define: surreal.

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Gulf Banks Dive As Fallout From Turkey’s Currency Crisis Spreads

August 12, 2018August 12, 2018

Ripple effect.

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What $335 Billion In AUM Says About The Future For Emerging Markets, The Yuan And The Trade War

August 11, 2018

I think the “oranges” may “know” more than they think.

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Don’t Forget About Russia

August 11, 2018October 16, 2021

Lost in the shuffle, but not for long.

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‘Shame On You’! Erdogan Blasts Trump, U.S. In Characteristically Absurd Saturday Speech

August 11, 2018October 16, 2021

What’s going to be a real “shame” is if there’s not some resolution to this situation by Monday.

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As Turkish Banks Struggle To Meet FX Demand, Emergency Meeting Scheduled For Saturday

August 10, 2018

Get ready for capital controls.

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1 Comment on As Turkish Banks Struggle To Meet FX Demand, Emergency Meeting Scheduled For Saturday

Erdogan Explains It All In 800-Word New York Times Op-Ed

August 10, 2018August 11, 2018

“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.”

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‘Canada Must Wait’: Trump Caps Off Wild Week With Praise For Mexican ‘Gentleman’, Threat For Trudeau

August 10, 2018October 16, 2021

“Will tax cars!”

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Posts pagination

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Monthly Letter

  • The Arbitrageur

Recent Comments

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Monthly Letters

The Arbitrageur

October 29, 2026October 29, 2026

To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

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