Turkish Lira Plunges After Banking Regulator Removes Asset Ratio

November 24, 2020@10:32 AM TFP Editor 0

Turkish Lira Plunges After Banking Regulator Removes Asset Ratio Tyler Durden Tue, 11/24/2020 – 11:32 Two weeks ago, Erdoganomics ended with a thud when the president of Turkey, Erdogan fired his central bank puppet – who has been programmed to only cut rates in the process sending the Turkish lira plummeting – and replaced him with a new surrogate, this time one meant to restore confidence in the currency by hiking rates – a U-turn to what had been Erdogan’s preferred monetary approach since 2018 [Read More]

Kiwi Soars After New Zealand Central Bank Asked To Add Home Prices To Monetary Policy

November 24, 2020@9:26 AM TFP Editor 0

Kiwi Soars After New Zealand Central Bank Asked To Add Home Prices To Monetary Policy Tyler Durden Tue, 11/24/2020 – 10:26 The New Zealand dollar soared overnight, reaching a two year high, bid up by shocked FX traders who learned that Finance Minister Grant Robertson sent a letter to the central bank expressing concerns over how low rates have stoked home prices. In a stunning development, Robertson asked the Reserve Bank of New Zealand to add home prices to its monetary policy remit, a proposal which would [Read More]

Trump Blasts “World’s Most Overrated General” After Mattis Urges Biden To “Eliminate America First” Policy

November 24, 2020@8:13 AM TFP Editor 0

Trump Blasts “World’s Most Overrated General” After Mattis Urges Biden To “Eliminate America First” Policy Tyler Durden Tue, 11/24/2020 – 09:13 Update (0910ET): It didn’t take long for President Trump to respond to General Mattis’ comments: That says it all about Mattis. Obama fired him. I should have fired him sooner. Did best work after he was gone. World’s most overrated general! https://t.co/2i4jPWAAPA — Donald J. Trump (@realDonaldTrump) November 24, 2020 Ouch! Who’s the mad-dog now? *  *  * As Summit News’ Steve Watson detailed [Read More]

UK car industry warns of £55bn no-deal Brexit hit

November 24, 2020@8:04 AM TFP Editor 0

“Automotive is nothing if not determined, adaptable and resilient, yet, as the clock ticks ever closer to midnight on Brexit negotiations, the competitiveness and employment we need get back to growth – green growth – hangs in the balance,” said the group’s chief executive, Mike Hawes. Read on The Source