It is the 21st of February 2020


What Will It Take For Geopolitical Shocks To Worry Investors?

It's not just Invesco that is confused by the market's complacency, Bloomberg notes that global markets are showing a surprising calm as investors struggle to quantify macro risks, taking divergent approaches to portfolio allocations.

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Erdogan Declares Three Month "State Of Emergency", Warns S&P "Don't Mess With Turkey"

Having warned earlier of the possibility, Turkish President Tayyip Erdogan on Wednesday announced a three-month state of emergency, saying this would enable the authorities to take swift and effective action against those responsible for last weekend's failed military coup.  He explicitly focused on the effort across his nation to "effectively tackle the Gulen movement," as Erdogan stated that there might be more plans to continue coup attempts.

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Top Turkish Official In Charge Of Campaign Against ISIS Found Dead, Shot In The Neck

By now only the most naive believe the official narrative behind Turkey's Friday coup.

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Erdogan's Arch-Enemy Accuses Turkish President Of Staging Coup, Compares Him To Hitler

Long before Turkey's president Recep Tayyip Erdogan accused Fethullah Gulen, a Turkish cleric who lives in self-imposed exile on 1857, Mt.Eaton Road in  Saylorsburg, Pennsylvania, last night and again today of being the "terrorist" mastermind behind Friday's failed coup attempt and demanding - unofficially, on prime time TV but not via diplomatic channels - that the US extradite the 77 year old, he was doing precisely that. For years, Erdogan had used the cleric as a scapegoat punching bag, who had somehow managed to create an entire "parallel state" in Turkey which was just waiting for its opportunity to pounce and snatch Turkey from Erdogan. Hence the perpetual (fake) fear of coups. Hence the public displays of (fake) paranoia. Hence the relentless - and all too real - concentration of power.

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