18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,525 Blog Posts

USD/TRY Cross Breaks Thru 7; Prepare for Annihilation #CurrencyWars

According to experts, once the Lira breaks 7 to the dollar, capital calls for Turkey’s largest banks will take place, which should start a sequence of events that will culminate the end of days…once again.

Well, we’re there now and stocks don’t like it one bit.

Look at that shit — Dow Jones down a whole hundred and shit.

WTI is off 2.3% and ETH is off another 7.5% — because apparently all of Turkey is long ETH.

Market wise — there are pockets of strength in healthcare and tech. Go eat a sandwich.

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