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More Cold Turkey: Is It A Currency Crisis Or Not?
On Wednesday, in a post that was simultaneously tragic and hilarious, I documented Turkey's unfolding currency crisis.
I won't recount the backstory here as you can read it for yourself (see "Cold Turkey: Currency Crisis Looms For NATO’s Favorite Autocrat"), but I did want to highlight a new note out this morning from TD.
It's important that you keep abreast of what's going on in Turkey as the country is a critical piece of the geopolitical puzzle.
Much to the dismay of Moscow, Berlin, and
Great info. Political risk already dominating 2017 capital climate. This wasn’t overnight either – a slow motion, but persistent move to central and arbitrary power over as many spheres as possible.
Awesome, although not enough to take a cheap vacation there.