When Turkish President Recep Tayyip Erdogan called for a presidential and parliamentary election June 24th — jumping the gun by more than a year—the outcome was foreordained. Erdogan has imprisoned a presidential candidate, and the election will be held essentially under martial law. There is virtually no independent media left in the country. Erdogan has loaded all the dice, marked every card, and rigged every roulette wheel, making sure a victory next month is guaranteed.
Two years ago, Erdogan accused Muslim cleric…
Listen to Gary Dorsch’s interview with the Financial Sense Radio Show, dated May 18th. Please Click on the Read More tab, located below, in order to listen.
The Bank of Japan <BoJ> has been under clandestine pressure from Trump administration over the past year, to start winding down its ultra easy money policy, as Japan’s economy has posted solid growth for eight straight quarters, its longest run in 28 years. Hiroshi Watanabe, Japan’s former top currency diplomat, who retains close contact with international financial diplomats, said the BoJ is struggling to justify its policy of capping 10-year bond yields at zero percent with the economy in good shape and the job market near full employment.
Apr 03, 2018
What’s going on with the Sinking US$? the Answer is Simple;
Well into 2018, a few FX traders are still struggling to understand the underlying bearish trend of the US$. How can it be that US yields are rising sharply, yet the US$ is so weak at the same time? The answer is simple: the US$ is not going down despite higher yields, but because of them. Higher yields mean lower bond prices and US bonds are lower because foreign based investors…
