Turkey
It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens
Submitted by Tyler Durden on 12/06/2015 21:25 -0500- Australia
- Bank of England
- Ben Bernanke
- Ben Bernanke
- Central Banks
- European Central Bank
- Finland
- fixed
- Germany
- Great Depression
- Greece
- HIGHER UNEMPLOYMENT
- International Monetary Fund
- Ireland
- Janet Yellen
- Japan
- Krugman
- Larry Summers
- Milton Friedman
- Monetary Base
- Monetary Policy
- Moral Hazard
- None
- Output Gap
- Recession
- SocGen
- Sovereign Debt
- The Economist
- Turkey
- Unemployment
Over the last few months, in a prime example of currency failure and euro-defenders' narratives, Finland has been sliding deeper into depression. Almost 7 years into the the current global expansion, Finland's GDP is 6pc below its previous peak. As The Telegraph reports, this is a deeper and more protracted slump than the post-Soviet crash of the early 1990s, or the Great Depression of the 1930s. And so, having tried it all, Finnish authorities are preparing to unleash "helicopter money" to save their nation by giving every citizen a tax-free payout of around $900 each month!
Get Rid of ISIS Using This 'One Weird Trick'
Submitted by Tyler Durden on 12/06/2015 19:10 -0500You've seen those internet ads that offer "one weird trick" for eliminating belly fat or boosting testosterone, right? Well, here's one weird trick for getting rid of ISIS and boosting our security from terrorism. The "trick" is non-intervention. And it is only weird in the sense that it is so uncommon in this age of war. Nonetheless, it works. The "one weird trick" has three easy steps. These steps are only "easy" for Westerners, because they basically amount to us refraining from constantly screwing things up. Once we get out of their way, the hard work will be done by locals, which is as it should be.
Putin Accuses US Of ISIS Oil Coverup
Submitted by Tyler Durden on 12/06/2015 13:00 -0500"When US officials say they don't see how the terrorists' oil is smuggled to Turkey... it smells badly of a desire to cover up these acts."
Greece Is A Nation Under Occupation
Submitted by Tyler Durden on 12/06/2015 11:35 -0500Perhaps the best way to show what a mess Europe is in is the €3 billion deal they made with Turkey head Erdogan, only to see him being unmasked by EU archenemy Putin as a major supporter, financial and who knows how else, of the very group everyone’s so eager to bomb the heebees out after Paris. But Brussels thinks it’s found a whipping boy for all its failures. Greece. It’s fast increasing its accusations against Athens’ handling of the 100s of 1000s of refugees flooding the country. Everything that goes wrong is the fault of Greece, not Brussels. The EU has so far given Greece €30 million in ‘assistance’ for the refugee crisis, while the country has spent over €1.5 billion in money it desperately needs for its own people. But somehow it’s still not done enough.
Whistleblower Warned Turkey Would Attack A Russian Jet
Submitted by Tyler Durden on 12/05/2015 21:25 -0500Turkey's most notorious Twitter personality predicted the downing of a Russian warplane a month in advance in the lead-up to November's fraught elections.
Dozens Of Global Stock Markets Are Already Crashing: "Not Seen Numbers Like These Since 2008"
Submitted by Tyler Durden on 12/05/2015 20:05 -0500The system is beyond the point where it is merely showing stresses and fractures. Things are now falling apart and there may well be no way of putting them back together again. The media will continue to claim everything is fine, until the day of panic and reckoning when it will suddenly be the "next Greece" or "2008 all over again"... but worse.
Did Turkey Just Invade Iraq To Protect Erdogan's ISIS Oil Smuggling Routes?
Submitted by Tyler Durden on 12/05/2015 19:53 -0500Will 2017 Be The Year Of The EM Corporate Debt Crisis?
Submitted by Tyler Durden on 12/05/2015 16:55 -0500"The liquidity picture for EM corporates in 2017 looks less appealing, due to a 38% yoy increase in USD bond maturities (to USD122bn) and lingering uncertainty on commodity prices (an important component of the corporate sectors’ cash flow) and FX (a headwind for domestic-oriented players). A further depletion in cash buffers and reduced appetite for certain portions of the EM corporate universe may lead to increased refinancing stress in 2017."
Greece Loses Last Trace Of Sovereignty After EU Takes Control Of Greek Borders
Submitted by Tyler Durden on 12/05/2015 10:18 -0500After being threatened with expulsion from the Schengen borderless Europe zone, Greece has grudignly accepted an offer from the European Union to "bolster its borders with foreign guards as well as other aid, including tents and first aid kits." In doing so it has last its last shred of state sovereignty.
Prominent Turkish Media Figure Resigns Citing Legal Battle With Erdogan
Submitted by Tyler Durden on 12/04/2015 21:30 -0500"As the founding editor-in-chief of the Today's Zaman, I have sincerely tried to fulfill my job to the best of my ability, maintained the paper's integrity and tried to resist all kinds of pressure from the government as much as I could."
The Pretend War: Why Bombing ISIS Won't Solve The Problem
Submitted by Tyler Durden on 12/04/2015 21:00 -0500The vicious Isis attacks in Paris represent yet another unpardonable offense; and through war, Cameron and Hollande seek to avenge the innocents who were killed and wounded. But as the humiliating outcome of the Suez war reminds us, there are some problems to which war is an unsuitable response. Across much of the greater Middle East today, we confront one such problem. For western governments to reflexively visit further violence on that region represents not a policy but an abdication of policy. It’s past time to think differently.
For Citi, This Is The "Greatest Event Risk" For Markets In 2016
Submitted by Tyler Durden on 12/04/2015 20:30 -0500"In the year ahead, geopolitics likely poses the greatest potential to disrupt markets in terms of event risk. There is also the potential for geopolitical risks to intersect with economic fragility in the event of a downturn, amplifying both."
Correlation May Not Equal Causation, But This Divergence Looks Like Bad News
Submitted by Tyler Durden on 12/04/2015 19:30 -0500For about three weeks, beginning on August 11, just about all anyone wanted to talk about were EM FX reserves, and for good reason. But because the market has a short memory, the global EM FX reserve liquidation story has been largely forgotten even as commodity prices remain in the doldrums and even as a laundry list of idiosyncratic factors are still weighing on the world’s most important emerging economies from Brasilia to Ankara to Beijing to Kuala Lumpur.
Caught On Tape: Russia Destroys ISIS Oil Transport Cars, Al-Qaeda Training Camp
Submitted by Tyler Durden on 12/04/2015 18:00 -0500Turkish Troops Said To Invade Iraq Near Mosul
Submitted by Tyler Durden on 12/04/2015 14:56 -0500CNN Turkey, citing security forces officials, is reporting what appears to be yet another escalation in the middle east maelstrom as Turkish troops enter Iraq. So suddenly, just as the world is scrutinizing Turkey's role in the Islamic State oil trade, Ankara decides to send anti-ISIS troops across the border? Are they trying to secure the crude trade and guard the trafficking routes?




