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Olduvai III: Catacylsm
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Protests Erupt As Zimbabwe Now Has The Most Expensive Gasoline In The World

January 15, 2019

Protests Erupt As Zimbabwe Now Has The Most Expensive Gasoline In The World Zimbabwe is once again at the brink of economic collapse, making a mockery of President Emmerson Mnangagwa’s claim that the country is open for business. As Bloomberg reports,  many shops and factories have shut their doors because of a lack of customers […]

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Peso, Rand Plummet As Emerging Market Crisis Deepens

September 4, 2018

Peso, Rand Plummet As Emerging Market Crisis Deepens The EM contagion is slamming currencies around the globe, and while the Turkish Lira remains relatively immune for the time being, traders are now focusing their attention on the South African rand and the Argentine peso, both of which are in freefall this morning. The ZAR has […]

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Rand Tumbles As Government Warns Of “Catastrophe” Unless ‘Land Reform’ Allowed

August 30, 2018

Rand Tumbles As Government Warns Of “Catastrophe” Unless ‘Land Reform’ Allowed In a barrage of headlines that sparked chaos in FX algo markets, The South African government proclaimed proudly that it is opposed to illegal land grabs (sparking a rally in the rand) before humans realized that this is mere statement of fact and that […]

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Weekly Commentary: Turkey (Nudged Over the Cliff)

August 14, 2018

Weekly Commentary: Turkey (Nudged Over the Cliff) The Turkish lira sank 13.7% in chaotic Friday trading. The lira’s 21.0% “worst week in 17 years” collapse pushed y-t-d losses to 41.1%. Turkish 10-year yields spiked to almost 21%, before retreating somewhat. After beginning the year at 155, Turkey sovereign credit default swaps (CDS) spiked 166 bps […]

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Weekly Commentary: Crisis Watch

May 19, 2018

Weekly Commentary: Crisis Watch Where to begin? Contagion… The Argentine peso dropped another 5.0% this week, bringing y-t-d losses to 23.7%. The Turkish lira fell 3.9%, boosting 2018 losses to 15.4%. As notable, the Brazilian real dropped 3.7% (down 11.5% y-t-d), and the South African rand sank 4.0% (down 3.0% y-t-d). The Colombian peso fell […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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