Turkey’s Debt & Currency Crisis Morphs into Financial Crisis as Banks Face Funding Squeeze by Don Quijones • Aug 30, 2018 • 27 Comments “Substantial Increase in the Risk of a Downside Scenario”: Moody’s
“Asia Will Be the Next Source of Downside Systemic Risk for Financial Markets” by Wolf Richter • Aug 16, 2018 • 35 Comments Emerging Markets turmoil: The price of cheap debt & misallocation of capital.
Rise of US Dollar Haunts Emerging Market Debt by Wolf Richter • Aug 14, 2018 • 56 Comments A vicious cycle, kicked off by cheap debt that’s suddenly not cheap, after 8 years of experimental monetary policies.
The Price of Cheap Dollar/Euro Debts: Local Currencies Come Unglued, Debt Crises Ensue by Wolf Richter • Aug 13, 2018 • 62 Comments Grand Collapse in Turkey; to avoid the same fate, Argentina hikes rate to 45%.
ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge by Don Quijones • Aug 10, 2018 • 84 Comments Turkish lira in free-fall, down 18% in two days.
Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets by Don Quijones • Aug 7, 2018 • 32 Comments Too little, too late?
As Erdogan Cements His Hold Over Turkey’s Economy, Global Investors Begin to Panic by Don Quijones • Jul 11, 2018 • 23 Comments His Toxic Mix: destruction of the lira and a mountain of foreign-currency debt.
As Turkish Lira Collapses, Foreign Banks in Turkey Rue the Day by Don Quijones • Jun 26, 2018 • 29 Comments The biggest loser: BBVA, Spain’s second biggest bank.
As US Dollar & Interest Rates Rise, All Heck Breaks Loose in Emerging Market Currencies by Wolf Richter • May 10, 2018 • 67 Comments When the “hot money” gets antsy, a currency crisis morphs into a debt crisis.
Stressful Year Ahead for Spanish Banks by Don Quijones • Dec 12, 2017 • 6 Comments The “spillover effects.”
