Authored by Lance Roberts via RealInvestmentAdvice.com,
With Thanksgiving week rapidly approaching, I thought it was an apropos time to discuss what I am now calling a “Turkey” market.
What’s a “Turkey” market? Nassim Taleb summed it up well in his 2007 book “The Black Swan.”
Last week, we reported that Special Counsel Robert Mueller is close to asking a grand jury to approve indictments for former National Security Adviser Mike Flynn and his son, Mike Flynn Jr., as investigators believe they have enough evidence to bring charges after speaking to multiple witnesses about Flynn's lobbying work, including whether he laundered money or lied to federal agents about his overseas contacts. Now, we have a somewhat clearer picture of what Mueller has been digging around for in his investigation of Flynn who was fired after just 24 days on the job.
While long forgotten for some, in the summer of 2014, we reported in detail on what appeared to be the biggest, most bizarre money-laundering scheme ever, involving Turkey trading "200 tons of secret gold" with Iran...
Authored by Jason Ditz via AntiWar.com,
In looking to upgrade their air defense system, Turkey had a choice: buying the advanced Russian S-400 systems, or more expensive, US-made alternatives. Turkey chose to buy Russian, and NATO isn’t happy.
While NATO was initially just complaining the S-400 was incompatible with their own systems, top NATO General Petr Pavel told reporters this week that Turkey is likely to be punished by the alliance for not buying American.