I am looking at the emerging markets turmoil as fundamentally strong dollar-driven. But other central banks may enter the picture soon.
Despite a 43-year low in UK unemployment rates, wage earners are losing ground. As the Bank of England decides how to respond, we can see signs of a global tightening in monetary policy.
The Turkish central bank has days to stop the currency freefall before we see defaults.
Russell Napier makes some astute observations about money supply growth and the still potent threat of debt deflation dynamics
Lots of positives. The earnings data looks good. This Goldilocks period for the US looks set to continue. Even Germany has shown some signs of economic strength recently.
This is Credit Writedowns daily newsletter for 19 Jul 2018. The big issues: the US economy, Fed policy, currencies, trade and government deficits.
Turkish bond yields are skyrocketing as the Turkish lira plummets. The question, though, is whether Turkey is an outlier or a sign of more to come.
This post first appeared on Patreon on 9 Jul 2018 Last week, I wrote up a macro bond play that involves three parts: currencies, spread differentials and default risk. I want to hone in on one of those three today: currencies. And here's…