Turkey having to prop up the lira again but won't be able to protect it from the speculating vultures like JP Morgan and Soros et al. Mad panic within to convert lira to dollar. Last time this played out was just before gold took a leap north.
Short term treasury yields have just moved ahead of their long term counterparts in the US, the 10yr yields just 0.56% now, a 14mth low, lower than the 2008/2009 recession. This is a major recessionary indication :)
The spread between 3yr and 10yr treasury notes falling lower than 10 basis points is a key indication for a recession, and it's just happened, meaning short term yields are higher than long term yields. A repeat of the Dec panic selling is about to be replayed :)
Can't see Trump removing either, as he wants to keep the lid on the poo. Removing Iranian waivers would instantly add $5 to poo. Talk of trade war talks resolution June extension.