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.
"Oligarchs in all nations have sold their countries out in favor of an 'Elysium' style society on earth... where the only words for a citizen are conformity, obedience, and productivity: a planetary 'Gulag' broken down into several regions for administrative purposes and where each region is mutually self-supportive..."
A 3-day global stock rally stalled on Wednesday, with Asia and Europe mixed, as investors digested the latest set of earning while waiting for the outcome of a meeting between President Donald Trump and the EU Jean-Claude Juncker
With many traders on vacation, the algos will be kept busy with a busy weekly slate, with the global PMIs due out on Tuesday, the ECB meeting on Thursday, US Q2 GDP on Friday and corporate earnings releases peaking.
"...there is an ongoing war between so-called Social Justice Warriors and many rabid Star Wars fans. The SJWs like the recent Star Wars movies, which clearly have adopted a certain lefty tone and flair since Disney bought Lucasfilm..."
"We regret having to turn away Senator Merkley at our Casa Padre shelter. The U.S. Office of Refugee Resettlement (ORR) prohibits any facility from allowing visits that have not been approved by them, even if it is a U.S. Senator."
"...that angst is understandable, as vivid memories of economic chaos have left the impression that Argentina is forever on the verge of collapse... and in moments of financial stress, Argentina’s reputation deprives its leadership of an indispensable resource: the benefit of the doubt. "