میگم نره٬ میگه بدوش

tfw you just want to shitpost but Erdoğan has no chillpic.twitter.com/uq6tZShrnm

"[F]rom the end of 2007 the Fed began to provide dollar liquidity in unprecedented abundance not only to the American but to the entire global financial system, and above all to Europe" 3/3 From @adam_tooze's new book Crashed, https://www.amazon.com/Crashed-Decade-Financial-Crises-Changed/dp/0670024937/ …pic.twitter.com/OBU9qhlAV3

As Bill Dudley of the New York Fed put it, “The big thing, where there has probably been the most severe stress in the market, is in dollar liquidity for foreign banks.” 2/3pic.twitter.com/r2NNtvKDxv

"When the FOMC met on September 16, the day after Lehman’s bankruptcy, [...], its first item of business was the funding difficulties not of American but of European banks." 1/3pic.twitter.com/ssmiSUyhCD

Right now somewhere on the road between Herat, Tabriz and Ankara, there's an arbitrageur trying to recreate Bernard Baruch's 'rent a locomotive on July 4th to get the jump on the London stock market' move. Good luck nameless stranger, whoever you are.pic.twitter.com/wfACw1TciA

So far the market thinks Erdogan's speech was a worse move than appointing his 40 year old son-in-law as FinMin pic.twitter.com/iLqq2z5M7M

Q prompted by this Overton window shift: if Erdogan were to try to force this issue - by pulling the equivalent of FDR's Executive Order 1602, say - what would that look like, and how would Turks respond?pic.twitter.com/vF4X1DZsR6