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Turkey raises tariffs on US goods in retaliation as markets slide & the Lira crisis intensifies. The US Dollar surges as the flight capital safe haven as European markets react. We look at how gold & the precious metals markets responded as well as the DOW & other commodities. Thanks for listening to this week’s […]
[Reuters] Shares, emerging market currencies steady after mauling [Reuters] China, U.S. to hold lower-level trade talks in late August [CNBC] US homebuilding rebounded less than expected in July from a nine-month low [Reuters] Exclusive: China central bank bars some offshore lending in latest move to support yuan [BloombergQ] China Says Trump’s `America First’ Policies Are […]
[Reuters] Wall Street lower as Turkey, trade tensions weigh [Reuters] Resurgent dollar sends commodities and emerging markets reeling again [BloombergQ] Turkish Lira Jumps as Regulator Curbs Bank Swap Transactions [Reuters] Turkey doubles tariffs on some U.S. imports; lira rallies [SCMP] Hong Kong Monetary Authority intervenes in currency market for first time since May [Reuters] China […]
Capital controls are like Hotel California… You can’t leave Will Turkey, Iran, Russia, Germany abandon the West & turn to China? Gold: Massive “Short” paper market now needs to be covered The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick TALKING TURKEY: “THIS WILL BE THE SINGLE LARGEST DEFAULT IN FINANCIAL HISTORY” August 15, […]
[Reuters] Shares regain footing as lira roars out of rout [Reuters] Erdogan says Turkey will boycott U.S. electronics, lira steadies [BloombergQ] Calm Comes to Emerging Assets as Analysts Reassess Turkey Woes [BloombergQ] U.S. Warns Turkey Over Detained Pastor as Market Meltdown Drags On [BloombergQ] Erdogan Escalates Row With U.S., Calls for Boycott of iPhones [Reuters] […]
[Reuters] Asian shares, euro trampled as Turkish rout spreads [Reuters] Turkish lira trades just below 7 against dollar, action plan awaited [Reuters] South African rand falls more than 10 percent, hits 2-year low vs dollar [Reuters] Asian currencies weaken; Indonesian rupiah leads losses [BloombergQ] China’s Giant Banks Top This Ranking. And That’s a Cause for […]
Mideast Stocks-Gulf markets hit by Turkey turmoil, banks roiled [BloombergQ] Erdogan Stays Defiant as Turkey Slips Toward Financial Crisis [BloombergQ] U.S. Budget Gap Widens as Revenue Growth Outpaced by Spending [Politico] China says U.S. farmers may never regain market share lost in trade war [Reuters] Beijing struggles to defuse anger over China’s P2P lending crisis […]
[BloombergQ] As Turkey Crisis Deepens, Bankers to Review Impact of Shocks [BloombergQ] Turkish Bank Crisis Prompts Emergency Meeting on Saturday [Reuters] Erdogan says U.S. ‘wrong’ to threaten Turkey after Trump doubles tariffs [Reuters] Turkey’s Erdogan repeats call to Turks to help shore up lira [Reuters] Chinese media keep up drumbeat of criticism of U.S. [WSJ] […]
