Analysts, Investors Will Never Admit The Truth About Turkey
Recep Tayyip Erdogan was back above the fold across mainstream financial media outlets on Monday.
The lira was in free fall. Again. The central bank intervened. Again.
If you peruse the announcements section of the Turkish central bank's website, four of the last five press releases are notifications of direct FX intervention.
The currency has depreciated dramatically since September, when governor Sahap Kavcioglu (who Erdogan installed in March after a brief period of sanity under former gov
It is my belief that most dictators don’t know how to govern, particularly how to run an economy. Venezuela, Nicauragua, Argentina, the Greek Junta, Iran, Belarus, Turkey,etc….Here’s the big question- Is Xi ultimately on the same track? I don’t know. I think if you want to invest in China, you probably should own some long dated, out of the money puts…
I sold USDTRY, so far it is an unmitigated disaster