Dummies’ Guide To How “External Dollar Debt” Produces An “Emerging Market Crisis”

Authored by John Rubino via DollarCollapse.com, Emerging market currencies are collapsing pretty much everywhere these days. But it’s safe to assume that most people don’t understand exactly what’s causing this outbreak, why it’s happening now, or what “external dollar debt” has to do with it….

Just 4 Trading Days Until The Longest Bull Market Of All Time: What Happens Then

We’re almost there: in just 4 trading days, the S&P 500 “bull market” which has purchased by central banks with trillions in liquidity and by companies with even more trillions in buybacks, will become longest of all-time. And yet away from the S&P, BofA’s Michael…

Selling Returns As Turkish Lira Suddenly Tumbles, China Stocks Slide To New 2 Year Low

A sense of “risk off” has returned to the the market, with 10Y yields sliding, the dollar rebounding from session lows and the Turkish Lira resuming its plunge, renewing concerns about emerging market contagion, leading to a “red return” across global market monitors, following yesterday’s…

Why One Bank Thinks The Fed Has No Choice But To Launch QE4 Next Year

With the current Emerging Market rout growing stronger by the day as the dollar surges, crushing carry trades left and right and sending EM currencies plunging, in the process validating the June warning from RBI governor Urjit Patel who warned the Fed that continued liquidity…

Emerging Market Massacre Returns: Rand Routed But Yuan’s Collapsing

While the Turkish Lira continues to rebound squeeze higher, the rest of the emerging market complex has caught its cold with the Rand, Ruble, and all the ‘pesos’ getting pounded in early trading. However, it is the ongoing collapse of the Yuan that is most…

Lira Surges After Turkey Crushes Shorts, Imposes New US Sanctions, Denies Brunson Appeal For Release

In a day in which the dollar set new highs against all emerging market pairs and global risk was on the defensive, the Turkish Lira bucked the trend and extended its rapid rebound from record lows, after Turkish regulators imposed new “soft capital controls” to…

Let the Bad Times Roll

Conservatives did not go around praying for a market crash during the Obama years, but a lot of liberal commentators seem to be doing just that today.  The August issue of Fortune (a member of the liberal Time, Inc. group of publications) has red ink splattered…

Global Stocks ‘Miraculously’ Brush Off Emerging Markets Massacre

Overheard everywhere today… Emerging Market FX was where the headlines were today… But stocks in China, Europe, and US all saw miraculous ramps  as EM tumbled…   Obviously Turkey led the charge… CBRT desperately defended the 7.00 line in the sand for USDTRY..   We…

Lira Plummets As Erdogan Defies Markets, Urges Citizens To Exchange Dollars For Lira

Heading into today’s much anticipated speech by Turkey’s president Erdogan, market expectations were high for at least a trace of conciliation; some analysts even expressed hopes that the central bank, i.e. Erdogan, would greenlight a rate hike as follows: Fidelity: 1000bps would be a “good…