Dear markets: Berat Albayrakc is not your cool son-in-law.
Turkey’s Recep Tayyip Erdogan is ready to take his medicine. Don’t believe me? Just ask him. “Turkey [will] implement bitter pill policies if needed,” he
The new week dawned with most of the developed world breathing a collective sigh of relief after Joe Biden was declared the winner of a
Turkey careened into one of its regularly scheduled currency crises last month, when a laundry list of factors conspired to send the beleaguered lira tumbling
“…a hugely damaging move.”
Rate cuts and plans for another cross-border incursion in Syria – this time against Assad’s forces.
Inflation jump drives real rates further into negative territory, while Erdogan “neutralizes” nearly three-dozen of Assad’s troops.
This is yet another manifestation of Trump’s behavior normalizing autocratic regimes.
“Such language would push Turkey exactly toward places that they don’t want it turn to”.
The Halkbank case seemingly went cold for five whole months…
Trump effectively blessed this in Osaka.
None of this sets a particularly upbeat tone.
“[I] don’t know why Erdogan does not just take the job himself”.
If you’re surprised, don’t be.
Meanwhile, from the Erdogan chronicles…