Do Not Take Your Eyes Away From Turkey
Apr. 15, 2019 8:05 AM ET |
Turkey’s rotten fundamentals have not improved one bit since last year’s massive sell-off in the Lira, which threatened the viability of the Turkish economy as a whole.
The Lira has been steadily weakening since the start of the year, and Erdogan has been at his autocratic best in trying to stem weakness in the Lira again.
Watch Turkey closely, as I believe last year’s saga is about the repeat itself again.