Huge Economy crash in Turkey soon ? Opinions ?

[mervyn]

have traveled to Turkey many times in the last two decades, simply love the history and its alleyway walks. read every book by Orhan Pamuk.

euro are commonly in use and accepted.

I can see myself retiring there under the minarets, although I am not a religious person.

 

[murray t turtle]

They will be in good hands. China will come to their rescue, another country that will be on the "you owe me one" list that China keeps along with countries like North Korea, Russia, all of the African countries except South Africa and etc. Turkey is very crucial to China's "one belt one road" geopolitical project as it's right in the smack dab of where East meets West. China's already invested so much in Turkey; there is no way it will see its economy going down with folded arms.

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I like turkey, especially @ thanksgiving. I would not want to visit Turkey myself, the turkey flag is clearly Muslim, not known for freedoms. Nor is Turkey.
Back on topic . I like the way Turkey shot down a trespassing military , evil empire jet[russian]near Syrian border. Good shot. The evil empire understands force; + no way was Turkey going to let that evil empire jet keep on with trespass.

 

[RantaMin]

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I like turkey, especially @ thanksgiving. I would not want to visit Turkey myself, the turkey flag is clearly Muslim, not known for freedoms. Nor is Turkey.
Back on topic . I like the way Turkey shot down a trespassing military , evil empire jet[russian]near Syrian border. Good shot. The evil empire understands force; + no way was Turkey going to let that evil empire jet keep on with trespass.

It was a display of strength! Even NATO cannot do this. Russia understands only the language of force, the stronger you beat them, the more they respect you.

 

[trismes]

Careful on this trade; the tide's changing.
1) Erdogan's run out of money, now asset-stripping the country for help. It's a terrible spot to be in
2) He's conclusively proved his low interest strategy is screwing the economy utterly and completely
3) Even if he realised this before, U-turns before an election are never a good idea.
4) It's gone parabolic. The last gasp.
5) Post-election promises will have been made to assure the business communities - he now needs to act on them.

I don't trade fundamental views but if I did, this one's a strong short USDTRY starting now, for the next couple of weeks tops.

this is my only live call on ET and so bad it makes me wince. Turns out he was capping the price and had no plan. And let it rip — and will continue to rip .
There’s rumours of installing some competent finance chiefs but only interest rates will turn it around. For those longing usdtry now, just check previous interventions— there’s your stop +30%