...outside of prohibition, Philadelphians have always consumed large quantities of alcohol. But since the city's soda tax went into effect, they are sure drinking a lot more!
"We forecast a recession next year. Inflation will peak at 22% before subsiding to below 20% by mid-2019. Combined with the expected sharp balance-of-payments adjustment, we foresee a hard landing for the Turkish economy."
"The faction that used to be the Democratic party can be described with some precision these days as a three-headed monster driving the nation toward danger, darkness, and incoherence."
US equity markets are jumping to the highs of the day after reports that Chinese and U.S. negotiators are drawing a road map for talks to end trade deadlock, culminating with meetings between Trump and Xi at multilateral summits in November...
"Whether by accident or design, Turkey is trying to rewrite the chapter on crisis management in the emerging-market playbook... Unless it changes course, the government risks much wider damage – and not just in Turkey."
In just 4 trading days, the S&P 500 "bull market" which has purchased by central banks with trillions in liquidity and by companies with even more trillions in buybacks, will become longest of all-time. What happens then?
"the absence of an orthodox monetary policy response to the lira's fall, and the rhetoric of the Turkish authorities have increased the difficulty of restoring economic stability and sustainability."
The transformation of Norway into the tip of the knife for an attack on Russia is taking place amidst the speedy militarization of other Scandinavian countries, the Baltic states, and Poland.
