European High Yield Faces Two-Headed Hydra From Italy, EM FX
There are so many self-referential dynamics in play here that it will make your head spin.
There are so many self-referential dynamics in play here that it will make your head spin.
Pray the Brunson deal doesn’t fall through
“We believe that the murder was premeditated and the body was subsequently moved out of the consulate.”
Can you feel the tension?
Turkey isn’t out of the woods yet.Â
“The main risk to our pro-cyclical and non-US tilt is a spiraling escalation of the trade war, political tail risks in Washington, and failure of the Fed to recognize those potential developments.”
Back to the “melt-up”.
“If you are saying the opposite, you don’t know this business.”
Around the world in 2,100 words.
Things have taken a decisive turn for the worst in emerging markets after a brief, mid-August reprieve.
Some were surprised, some weren’t.
“Recent developments regarding the inflation outlook indicate significant risks to price stability.”
Hint: not retail investors.
A full docket.
The pain was widespread.
It’s not over.
Spoiler alert: It probably won’t work.
That wasn’t what the market wanted to hear.
“In case you were wondering whether the news is getting any better for Turkey, the answer is ‘no.'”
U.S. politics and trade are likely to dominate the headlines this week.
“…this war has turned into a financial war.”
The fix is in.
The tide is going out.
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