Turkey Bans Singing After Dark As US Investors Dump Most Turkish Stocks Since September

Turkish President — and man who thinks democracy is really, really fucking overrated — Recep Tayyip Erdoğan has heard all the folk song Karaoke that he cares to hear, which is why on Friday, he banned singing.

More specifically, Ankara banned all acts of protest, including lighting fires, shouting slogans or singing folk or other songs after sunset, according to a statement from governor’s office.

The rationale here is simple: that kind of bullshit “disturbs citizens, damages public order, creates risk of terror organizations bombing protesting groups and makes it harder for security forces to intervene in events.”

Note that last bolded bit. Erdogan cited protests as a reason for banning protests.

This of course comes a week after Erdogan’s security detail beat the shit out of some folks in Washington for protesting outside the Turkish diplomatic residence.

Meanwhile, in a development that doesn’t say much for US investors’ confidence in Turkish assets, the New York-traded iShares MSCI Turkey ETF saw $10.2 million in outflows on Thursday – that’s the most since September of last year:

TurkeyFlows

(BBG)

 

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