Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
So far as I can tell, all the profit-taking over the past 72 hours has been in the bond market. I know Turkey gov interest rates spiked. I don't know size and value of Turkey gov external debt. So maybe I'll look it up, but iirc, it wasn't anywhere near PIIGS ratio in 2012.

My intuition is, this is a flash in the MMT pan. The real pain for NATO comes later.

Diversity is the key to economic and political evolution.

by Cat on Tue Aug 14th, 2018 at 07:26:55 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Herd Immunity .. Filling the Gaps

by Oui - Jul 24
17 comments

LQD - Long Term Covid: The Brain

by ATinNM - Jul 13
29 comments

Say No to Racism

by Oui - Jul 12
26 comments

England surrenders to Covid

by IdiotSavant - Jul 9
27 comments

Occasional Series