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The Turkish lira sank 13.7% in chaotic Friday trading. The lira’s 21.0% “worst week in 17 years” collapse pushed y-t-d losses to 41.1%. Turkish 10-year yields spiked to almost 21%, before retreating somewhat. After beginning the year at 155, Turkey sovereign credit default swaps (CDS) spiked 166 bps during Friday trading (up 199 bps for […]
[Reuters] Turkey turmoil sends ripples across world stock markets, euro falls [CNBC] Turkish lira plunges 20% versus dollar after Trump authorizes doubling metals tariffs on Turkey [Reuters] Currency volatility gauges ignite as Turkish lira turmoil spreads [Reuters] Russian rouble sinks to lowest since June 2016 [Reuters] Trump doubles tariffs on Turkish steel and aluminum, says […]
This week we discuss the market conditions of gold, silver, the DOW, US Dollar index, the Euro and more looking back at 2008 VS today. What are the main differences and similarities that are appearing within the markets. Thanks for listening to this week’s Golden Rule Radio, if you enjoyed the video please thumbs the […]
[BloombergQ] Stocks Mixed Amid Trade Salvos; Dollar Advances: Markets Wrap [Reuters] U.S. sanctions whack Russia’s rouble, Turkey’s lira free-falls [Reuters] U.S. producer prices unchanged in July [The Hill] Federal deficit jumps 20 percent after tax cuts, spending bill [The Hill] CBO: National debt could be twice the size of GDP by 2048 [Reuters] Chinese state […]
[Reuters] World shares hold at one-week high, sterling’s slide gathers pace [Reuters] China shares resume skid as fresh US tariffs overshadow stimulus pledges [Reuters] Turkish lira weakens again, eyes on Washington talks [Reuters] U.S. finalizes next China tariff list targeting $16 billion in imports [Reuters] China to slap additional tariffs on $16 billion worth of […]
Financial Times: “Passive investing could trigger next global downturn” Iranians purchase 60 tons of gold coins Gold up 3.1 million % this year in Venezuela The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick RIGGED MARKETS DECLARED PERMANENT BY ALL (BUT A FEW) “Well intentioned as they may be, ultimately it is disastrous in […]
[Reuters] China bounce pushes world shares toward six-month high [Reuters] Dollar posts biggest drop in a week as rally fades [Reuters] Turkey’s lira, bonds hit again on U.S. trade threat, central bank worries [Reuters] Chinese state newspaper says Trump’s claims of winning trade war are ‘wishful thinking’ [CNBC] Apple could be used as a ‘bargaining […]
[BloombergQ] Dollar Climbs as Trade Gloom Lingers; Stocks Mixed: Markets Wrap [Reuters] China’s stocks, yuan slide as Beijing, Washington step up trade threats, rhetoric [BloombergQ] Turkish Yields Increase to Record Amid Threat of U.S. Sanctions [Reuters] Chinese state media slams Trump for ‘extortion’ in trade dispute [BloombergQ] China Prepared for Long Trade War With U.S., […]
