"This is not so much an alert as a red-hot warning that it is going to whittle down its purchase bit by bit. I would say that is the whole purpose of putting that line in the statement."
Welcome back my friends to the show that never ends – and the post-truth geopolitical remix of the supergroup. Meet The Sanctioned; a multinational band starring multi-instrumentalists Vladimir Putin (Russia), Xi Jinping (China), Hassan Rouhani (Iran) and Recep Tayyip Erdogan (Turkey).
"The current political predicament in the USA has America’s winners turned losers and the consequent pain of that flip-flop has propelled the new designated losers into a fury of moral indignation..."
The timing of the report is not ideal, coming amidst a currency crisis in Turkey, which has raised fears of financial contagion in other emerging markets...
The most dire warnings from analysts worry that Brazil may turn into the next Turkey if the left-wing Workers' Party (PT) takes power again... and the Real is tumbling back to cycle lows following the latest poll showing PT dominating with over 37% of the vote.
The multi-month performance disaster for U.S. Equities funds (primarily L/S and M/N HFs, although MFs significantly lagging index as well) which has seen “gross exposure” purged lower has dictated two standout flows last week.
It's relatively quiet week where the highlights will be the latest global PMIs, the Aug 23 US-China tariff deadline, the minutes from the last FOMC and ECB meetings and, of course, Jackson Hole looms at the end of the week.
An unknown gunman fired several gunshots from a passing vehicle at the US embassy in the Turkish capital, Ankara, on Monday, hitting a window in a security cabin but causing no casualties.
The fact that the multitude of accounts attacking Caitlin not only lacked even ten followers, while also using an identical, copy-pasted message is a textbook example of botnet activity. In other words, these were not human beings reporting Johnstone: this was a mindless hive literally repeating the establishment line...
"This whole issue of how they’re going to change the language of their guidance on the path of rates, and what "for now" means is really what they need to get on to."
Yesterday, independent journalist Caitlin Johnstone's Twitter account was suspended before being reinstated within hours after a massive public backlash.
