Turkish Lira Collapse

[bucket]

How can AGT go private now? all the Turkish $$$ is vanishing overnight

Volume and connections ...like SF3 says follow the money....see who's running for provincial politics in different areas and their background....

The governments will back Katib through the supercluster**** initiative...

[errolanderson]

Gold breaks below $1,200 per oz this morning. Global commodity deflation continues to pressure precious metals . . . .

Fed continues to talk up U.S. inflation and rate hike ideas . . . good grief. U.S. housing market fallout next on ill-timed central bank rate hikes?

[macdon02]

One by one the fiat currency dominoes will fall until the $USD is the only one left and then how much longer will that last? Big question right now is how much longer has the loonie got left until $USD denominated debt here in Canuckistan takes it out?

If one understands a crisis can be had in an up trending market, this might be The most important, and should be taken home, comment made on this site. If you see it you can manage it. If you don't well you won't be alone.

[errolanderson]

Currency collapse spreading . . . now India Rupee and South Africa Rand overnight.
Pakistan appears on the edge of default.

VIX volatility may sprint higher on fallout. Gold remains under heavy pressure . . . .

[agstar77]

Could this be the canary? A deflationary collapse? Housing collapse? Trump led depression and does history repeat.?

[bucket]

I haven't figured out how charging more for products like gas and food and then raising interest rates helps the economy....

People then have to get a raise and the cycle starts again or you go to mass layoffs because no one can afford to buy...

100000 half tons doesn't make sense....

[furrowtickler]

Could this be the canary? A deflationary collapse? Housing collapse? Trump led depression and does history repeat.?

This was coming way before Trump was even in . Errol has been calling this for several years . Not defending Trump just saying the reality of it .

[ajl]

I haven't figured out how charging more for products like gas and food and then raising interest rates helps the economy....

People then have to get a raise and the cycle starts again or you go to mass layoffs because no one can afford to buy...

100000 half tons doesn't make sense....

A market rate of interest would be much higher than prevailing rates with this amount of outstanding debt. Central banks one purpose is to suppress interest rates. Rates are this low only because that is as much suppression that they can do without unleashing hyper inflation. It was hyper inflation that drove rates up in the early 80's.

[bucket]

i would call a combine worth 155000 in 1997 being worth 600000 plus hyperinflation....wouldn't you????

[farmaholic]

I will repeat the question I've been asking almost everytime this topic comes up....

"Is anyone doing, or have done, anything different in regards to a worldwide economic crisis? Or is it business as usual?