Hello guys,
In this special edition we look at the devaluation of the Turkish Lira vs. Dollar (USD/TRY) and Euro (EUR/TRY), which fundamentals are responsible for the demise of the Turkish Lira and how it looks in the weekly time frame.
Further, we look at the implications for the Turkish economy, what president Erdogan is doing wrong in his actions. The account deficit of Turkey and also the tourism play a big role in that, which were hugely impacted through political actions. Even the 'evil interest lobby' can't change that, which has been responsible for investments in Turkey in the first place, after the AKP took over and created political stability.