Is Tunisia The Next Emerging Market To Implode?

"In recent years, Tunisia’s government has tried to correct course. The government chose to cut budgets at the urging of the International Monetary Fund, which extended Tunisia a $2.9 billion loan in 2016... But the IMF-led overhaul has failed to trigger a turnaround. "

  • Aug 29, 2018 3:30 AM

Will Jay Powell Blink On Reducing The Fed Portfolio?

"...as excess reserves run off, the real debt load on the Treasury will grow.  Do Jay Powell and the other FOMC members have the political courage to end the subsidies for the US Treasury and banks, and thereby end financial repression?"

  • Aug 27, 2018 12:20 PM

Turkish Lira Plunges After Week-long Holiday

After a week of public holidays in Turkey, the Turkish lira tumbled as traders returned with selling on their minds, realizing that nothing of substance has changed in the past 7 days.

  • Aug 27, 2018 7:22 AM