Turkish Lira Carry Trade

[misterno]

I would call anyone crazy who would invest in TRY

Ask any local person, and you will understand everybidy is waiting for a crisis like the one in Argentina. A sharp devaluaiton is inevitable.

 

[crgarcia]

Quote from psytrade:

Conclusion - long Turkey, Short Lira for the next 3-6 months. Good luck shorting a high yield currency though. So my view is kind of redundant.

High yield may delay the fall, but when it happens it will become more pronounced because they will have more debt, from the high interests they paid.

 

[DannyBly1]

ZAKHU, Iraq (Reuters) - Turkish troops engaged Kurdish PKK rebels in close combat on Sunday that left scores dead in a major ground offensive into northern Iraq.

http://thestar.com.my/news/story.as...01_NOOTR_RTRMDNC_0_-321193-4&sec=Worldupdates

any comments on how this'll affect the TRY other than a volatility increase?

 

[MrAngry]

Ask Eliezer Fishman, who got a Turkey stuffing in 2006, if the TRY can suddenly move lower. Talk was he driopped $400 million.

Here's a link to Euromoney (which is subscription, but if you Google it, you'll find it)

http://www.euromoney.com/Article/1041938/Speculation-Turkey-stuffing-for-Israeli-investors.html

 

[Ivanovich]

Quote from riskfreetrading:

Then you should have a problem against yourself! You want me to refuse a textbook definition, and accept an arbitrary/street definition.

You're a tool.

 

[psytrade]

As for Fishman -

I guess selling put options on TRY is some kind of convergence trade. Something only VN could aspire too... funny.