Citi Is Stunned How Quickly The “Extraordinary Political Backdrop” Is Deteriorating

from Zero Hedge

Some interesting observations from Citi’s Tin Fordham on “The Tempest” and What to Make of Turkey’s Failed Coup, Nice Attacks, and the Emerging Politics of Fear and Anxiety. It appears that “nobody could have possibly predicted” what we said back in 2010 when the Fed launched QE2, namely that monetary policy will lead to global violence, conflict and war, and as a result is making it up as they go along.

Here is Citi’s turn, courtesy of Tina Fordham.

In this note we provide an overview of our thoughts on the extraordinary political backdrop that is evolving, with more detailed explanation of the economic and strategy implications from our Turkey economists and EM strategist.

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