Turkey's Treasury and Finance Minister Berat Albayrak eased investors' nerves when during a phone call organized by Citi and other banks, said that capital controls were ruled out as a policy option for Turkey.
"The end of the ECB’s net QE purchases, together with the tendency of foreign investors to reduce their exposure to sovereign debt in periods of heightened volatility, increases the need for a ‘marginal buyer’ of Italian BTPs."
It's time for the market to once again "price in" the end of the US-China trade war, just because yet another low level Chinese delegation is coming to the US to discuss trade with US counterparts.
Russia, Iran, China, and now Turkey are in the same boat, as all have become the target of US sanctions. But none of those nations has bowed under the pressure...
So far, Turkey's currency crisis has not turned into a debt crisis, but with every day that passes and Erdogan doesn't stabilize the country's currency, Turkey approaches a $16 billion "debt wall" that could lead to mass defaults and cripple the country.
After years of being conditioned to BTFD in any and every asset, one London-based Barclays credit trader is licking his wounds this week after major losses in Turkish bonds.
"The State of Qatar is always proactive in supporting its Turkish brothers," the Qatari Ambassador to Turkey told told Anadolu, and added that Qatar would continue supporting Turkey, as it did during the defeated coup attempt in mid-2016.
Twitter finally suspended Alex Jones for one week for violating the social media company’s policies, in a stark reversal for Jack Dorsey who previously bucked the trend by other tech giants to muzzle the InfoWars creator.
The deal for an obscure $10 billion Pentagon contract suggests the extent to which Jeff Bezos is gobbling up the swamp... without the guy in the White House even batting an eye.
"One businessman believes he will wake up in the future and ‘experience a whole new life’ after having his head placed on the body of another human being..."
The fluidity of ‘Trade war’ news makes it difficult to follow the status of where we stand with regards to different tariffs measures, retaliations and the numbers behind them. Here is a simple one-chart summary.
President Donald Trump "has a great deal of frustration," with Turkish President Recep Tayyip Erdogan, calling again on the Turkish "executive president" to release pastor Brunson and other U.S. citizens.
