The daily is a bit late today because I had some engagements this morning. Things will be back to normal tomorrow. But expect a late newsletter on Thursday as well. 1. Canada's private sector echoing 1990s America Goldman has a good note…
I am back after a week away from the site. Politically, it was a pretty eventful week. On the economy and market side, it wasn't as dramatic. But I do have a few thoughts to start the week on what's relevant. 1. Sentiment shift on Mueller…
I wasn't able to get a daily off yesterday nor will I be able to a full-fledged one today. But I will post today. Just a reminder: next week, I am on holiday. And so I don't know how much writing I will do, if any. Let me start today
I am looking at the emerging markets turmoil as fundamentally strong dollar-driven. But other central banks may enter the picture soon.
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I don't think we are at a point yet where what's happening in Turkey can be called an emerging markets crisis. Right now, it's mostly about Turkey, though there are signs of contagion via currency effects and concerns about creditors of…
The Turkish central bank has days to stop the currency freefall before we see defaults.
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