Turkey

Key Events In The Coming Week: The Summer Doldrums Arrive

With little on the US economic docket in the coming days, this week's focus is on the ECB and BoJ meeting along with minutes from the RBA and the Riksbank. In the US The key economic release this week is housing starts on Thursday. There are no scheduled Fed speaking engagements this week.

Frontrunning: July 17

  • Americans Feel Good About the Economy, Not So Good About Trump (BBG)
  • GOP Leaders Brace for CBO Estimate on Revised Health-Care Bill (BBG)
  • From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch (WSJ)
  • Turkey Building Up Army Base in Qatar, Erdogan Adviser Says (BBG)
  • U.S. Companies Have a New 401(k) Fix: Spend More (WSJ)

The New Silk Road Will Go Through Syria

Amid the proverbial doom and gloom pervading all things Syria, the slings and arrows of outrageous fortune sometimes yield, well, good fortune.

Of Russia Baiters And Putin Haters

"If America stumbles into a war with Russia that all our Cold War presidents avoided, the Russia baiters and Putin haters will be put in same circle of hell by history as the idiot war hawks of 1914 and the three blind men of Versailles in 1919."

Turkey Bars German Lawmakers From Visiting NATO's Incirlik Airbase

Ankara has again refused to grant German lawmakers permission to visit soldiers serving at the NATO airbase of Incirlik, marking a "new escalation in tensions between the two NATO allies" with Germany reportedly asking for NATO support in rescheduling the trip.

Unite and Rule: EU As NATO's Auxiliary Economic Alliance

"The fabled divide-and-rule policy that has been deployed by imperialist powers to weaken resistance is a historically proven fact; but, neocolonial powers also use unite-and-rule strategy to create friendly alliances and to institute a centralized command and control structure in order to buttress the global neocolonial world order."

Turkey "Turns Away" From NATO, Buys Russian Advanced Missile System For $2.5 Billion

In a move that has been defined as "signalling a turn away from the NATO military alliance that has anchored Turkey to the West for more than six decades" Turkey agreed to pay $2.5 billion to acquire Russia’s most advanced missile defense system. The proposed deal which was first reported here back in November 2016, has been finalized and the preliminary agreement sees Turkey receiving two S-400 missile batteries from Russia within the next year.

A Month Of Multiculturalism In Germany: June 2017

"I would strongly urge for the age limit for surveillance to be lowered throughout Germany. Minors have already committed serious acts of violence. Normally, the domestic intelligence agency in Bavaria would not place children under surveillance. But if there is concrete evidence that a 12-year-old is with an Islamist group, we have to be able to monitor them, too."

Got Milk? First 165 Cows Airlifted To Qatar

Qatar has taken delivery of 165 cows that were airlifted into the Gulf state to ease a milk shortage caused by sanctions imposed by Qatar’s neighbors...