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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (21177)8/10/2018 3:29:49 PM
From: robert b furman3 Recommendations

Recommended By
John Pitera
sixty2nds
The Ox

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Hi John,

I've been thinking about Turkey and its ramifications.

The president has taken a democracy and morphed it into a dictatorship of sorts.

His son in law is in charge of the banks and he wants lower rates while suffering under 15% inflation.

The man does not take common Central Banking practices into consideration.

It won't end well.

So the European Central Bank will have to dole out capital when the bonds go into default - Just what European Banks DO NOT NEED.

This will be very hard on the Euro.

Regardless of how Brexit ends - it just may not be their biggest worry / loser to struggle with.

Could this scenario be a headfake and boost for the Pound - to get away from the euro based liabilities with a collapse in Turkey's bond issuance and debt?

Just sayin out loud there is some repositioning going on it seems to me.

Bob
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