MBS Day Ahead: Turkey Causing Road Rage; Another Look at Moving Average Misdirection
Posted To: MBS CommentaryI found myself driving in the truck for more than an hour yesterday evening–long enough to hear the news cycle repeated several times. During that time, I was emphatically warned about this ” new ” and ” surprising ” issue of Turkey’s financial crisis. Apparently this has the potential to send shockwaves through global financial markets. Other people get road rage when other drivers are less than courteous, or due to ridiculous traffic perhaps. I get road rage when news radio misses the mark on financial market movers. I explained this to the officer that pulled me over for ostensibly making menacing gestures toward other drivers. He was going to give me a ticket anyway until I pulled out the laptop to put together the following chart for him. After he saw it, he apologized…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.