Tag Archive: TURKEY

Welcome to The EM Rattlesnake Round-Up

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Welcome to the EM round up. It happens once or maybe twice a year. This year, it started on the first day of January but soon erased losses into February, not without weakening… Continue reading

The Discerning Lush : “I would be so bored if I drank nothing but Bordeaux first growth”- Jancis Robinson, 5 March 2014, Aberdeen Marina Club, Hong Kong

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So here we are on the terrace of The Portside at the AMC; the fog and drizzle has lifted with a sparkling view of Aberdeen Harbour. There is a palatable air of anticipation… Continue reading

Ad Hoc Commentary – Turkey’s possibly futile attempt to prevent the unwinding of the USD carry trade

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“The Turkish central bank raised its overnight lending rate to 12% from 7.75%…” http://www.cnbc.com/id/101359309 Of course it stopped the rout of the Turkish Lira in the short term. By contagion, it also stabilized… Continue reading

Christmas Turkey Or Turkey Sandwich ?

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Its been a Turkey sandwich year. Sandwiched between the Syrian conflict, Iran nuclear impasse and its own internal strife and riots. Its economy not flourishing as it had in the past, unemployment soaring… Continue reading