zerohedge August 13, 2018

President Trump has been busy today – alternating between tweets about just-fired FBI agent Peter Strzok, and former White House aide Omarosa Manigault-Newman who was fired in December over “integrity issues,” and has just released two secret recordings of both her firing by White House chief of staff John Kelly, and a subsequent phone call with Trump.  […]

zerohedge August 13, 2018

Iran’s supreme leader Ayatollah Ali Khamenei announced in a statement Monday that there would be neither war nor negotiations with the United States. “Recently, U.S. officials have been talking blatantly about us. Beside sanctions, they are talking about war and negotiations,” the senior cleric wrote via his Twitter account in English. He added, using all caps to close […]

zerohedge August 13, 2018

While the market is (finally) paying attention to the accelerating Turkish collapse and specifically the risk of contagion to Europe, Asia, and ultimately, US capital markets, the truth is that this crisis has been a long time in the making. In fact, the first break in the “strong Emerging Market” narrative emerged in late April […]

zerohedge August 13, 2018

Authored by Omid Malekan via Medium.com, I’ve already written about how the trend towards decentralization is going to change the nature of investing, but that was before Facebook’s stock took a historic pummeling on account of bad earnings and Apple became the first trillion dollar company on account of good. The violence of both moves set off […]

zerohedge August 13, 2018

While the past week was somewhat quiet data wise, news flow should step up next week with key releases of note in the US being the July retail sales report and industrial production among others, although the main focus will remain the ongoing collapse in Turkey’s currency and whether there will be contagion to other […]

zerohedge August 13, 2018

Global stocks and US equity futures were a sea of red on Monday morning as the Turkish economic crisis accelerated, and the Lira plunge continued even as measures by both the Turkish banking regulator and the central bank failed to stem the collapse in the TRY. The lira plunged together with the country’s equity index […]

zerohedge August 13, 2018

German Economy Minister Peter Altmaier lashed out at the Trump administration in response to Washington’s ultimatum to cut all economic ties with Iran following the US pullout of the 2015 brokered JCPOA. Almaier told Bild newspaper on Saturday that Germany should be assertive and defiant in the face of American sanctions by actually investing more in Iran. He […]