Quick note on the daily: Today's daily post will be delayed but will come out later today. I am writing this more investment-themed post on currencies first and opening it up to all patrons to give you a heads up about the delay and my coming schedule. Next week, I will be on holiday (woo-hoo)! And I don't intend to write. I may write the odd post here and there though. But, regular posting won't resume until the following Monday, August 27th.
Temporary relief for emerging markets
As for today, a couple of developments have lent support to emerging market currencies. First, Qatar pledged to invest $15 billion in Turkey after Turkey's President Recep Tayyip Erdogan and Qatari emir Sheikh Tamim bin Hamad al-Thani lunched in Ankara together. That's not a huge amount given the size of Turkey's...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.