Turk’s in for Very Hard Times Under US Sanctions $USDTRY: -1.93% to 5.837 at the close Thursday in New York Lira slides from session high after US Treasury Secretary Steven Mnuchin said Turkish officials will face new sanctions if the country does not release Pastor Andrew Brunson in short order Turks are reacting with defiance […]
Turkey’s Erdogan Talks Tough Publicly, Diplomats Talks Behind the Scenes Tuesday, Turkey’s President appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, declaring that his country will boycott US-made electronic goods. Behind the scenes diplomats resumed formal talks to ease tensions. Addressing a conference of his ruling […]
The Turkish Lira is in Recovery Mode Turkey’s Lira finally recovered as the country’s central bank moved to ease pressure on the currency, triggering a 7% surge to 6.4 per USD TRYTOM=D3. The Lira lost almost 10% Monday alone and has lost more than 40% of its value so far in Y 2018 as the country […]
Collapsing Turkish Lira Shakes World Stock Markets $DIA, $SPY, $QQQ, $RUTX, $VXX A plunging Turkish lira sent shock waves through global equity markets Friday, causing concerns over the financial health of lenders with heavy exposure to the economically-struggling country. The S&P 500 lost 0.7%, dropping into the red for the week (-0.3%), and the Nasdaq […]
Taking Sauna’s Regularly Can Improve Health Saunas have been used for thousands of years, for both religious ceremonies and health, in cultures as far apart as Mayan and Finnish. Saunas are small rooms which provide either moist (Turkish-style) or dry heat (traditional Finnish) and allow the body to sweat deeply. In modern Finland, about 33% […]
