Time to invest in Turkey?
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Told you not to invest in Turkish Stock Market. Simsek has to depreciate the Turkish Lira to refill the reserves during the tourism season till the end of summer. Besides Turkey has a budget deficit, therefore exports should overwhelm imports in the short run.
CBRT can not raise rates above inflation coz the economy will collapse. TUR ETF is not a good option with poor reserves while global economies are heading to recession.
Critics pointed to an increase in dollarization as Turkish households, losing their confidence in the lira, have been moving their money into dollars and euros." Turkey is also advanced in Lira to BTC.
That kind of currency flight can be the catalyst or trigger for a bull run. +%61 YTD.
https://www.theguardian.com/business/2022/jan/21/tales-from-the-crypto-lira-crisis-fuels-bitcoin-boom-in-turkey
Erdogan is a traitor. He allowed huge number of immigrants to invade the country and gave them citizenship just for having new votes. Middle class have been diminished and all numbers regarding inflation, employment and gdp are fake. He’ll fix the currency after the election and central bank of Turkey have no reserves. Legislation changes so frequently in every aspect. Invest in Turkey and enjoy getting poor under the governance of erdogan.
Hi David, assuming Erdogan wins the run-off, how could investors position to profit from it ?
.. a perspective we do get anywhere else