lira turkey

Market Super ‘Impressed’ With Rate Hike From Turkey As Everyone Temporarily Forgets Who Is Really In Charge Over There

Buyer beware.

Buyer beware.
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2 comments on “Market Super ‘Impressed’ With Rate Hike From Turkey As Everyone Temporarily Forgets Who Is Really In Charge Over There

  1. Anonymous

    It is incredible to see that TRY appreciated more than 10% against a strong USD.

    Some ‘investors’ are giving a push to keep the islamists in power in Turkey. But, the short term govt and corporate debt (corporate debt is guaranteed by the Turkish Treasury, btw, even though nobody from Bloomberg acknowledges)

    Current account deficit > USD 50 billion, short term debt > USD 300 billion, net reserves ~ USD 17 billion.

    Counting down for the Minsky moment.

  2. Pingback: Hang 'EM High: Fed Watches As The Emerging World Burns | Growth Investing Research

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