Turkish President Recep Tayyip Erdogan said his country was moving towards allowing trade with Russia, China and Iran to be conducted in local currencies, as he continues his efforts to strengthen the falling lira.

“If we buy something from them, we will use their money, if they buy something from us, they will use our currency,” he said, ahead of a trip by Turkish Prime Minister Binali Yildirim to Russia for meetings on Tuesday.

Read the Full Article: Source – Yahoo News
Time For Truth: (Yahoo News) – Erdogan wants trade with Russia, China in local currencies

Read More



Last week we showed that the 10Y was on the cusp of breaking out above the most critical trendline of this decade. Well, following today’s largely illiquid surge in the dollar and selloff in the Treasury complex, briefly halted by the steller 7Y auction mid morning, the trendline has been officially broken.

Read the Full Article: Source – Zero Hedge
Time For Truth: (Zero Hedge) – The Most Important Bond Trendline Is Broken: "Now It Gets Interesting"

Read More



The Wells Fargo bank account scandal took center stage in the news last week and in all likelihood will continue to make headlines for many weeks to come. What Wells Fargo employees did in opening bank accounts without customers’ authorization was obviously wrong, but in true Washington fashion the scandal is being used to deflect attention away from larger, more enduring, and more important scandals.

Read the Full Article: Source – Zero Hedge
Time For Truth: (Zero Hedge) – Wells Fargo Or The Fed: Who's The Bigger Fraud?

Read More

1 2 3 18