-
Spotlight Turkey: Hyperinflation and Mass-Migration Crisis Inevitable
As Erdogan tightens his grip on finance and the central bank, Investors Fear Turkish Currency Crisis. The Turkish lira fell around 4% against the dollar late Monday after Mr. Erdogan appointed his son-in-law as finance minister and put in place measures that could curb the independence of the country’s central bank. Investors also sold Turkish shares and debt, with yields on its dollar bond maturing in October 2028 rising from around 6.8% last week to about 7.15% recently, according to Tradeweb. Yields rise as prices fall. “There’s a real risk that this spirals into a full-blown currency crisis,” said Paul ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 11, 2018 9:31am Jul 11, 2018 9:31am
- Guest
- | IP XXX.XX.99.143
- Comment #2
- Quote
- Jul 11, 2018 5:26pm Jul 11, 2018 5:26pm
- dustbin
- | Joined Jan 2013 | Status: Member | 129 Comments
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
- Comment #3
- Quote
- Jul 11, 2018 6:26pm Jul 11, 2018 6:26pm
- Aussi
- Joined Sep 2013 | Status: Member | 4050 Comments | Online Now
FOREX IS MANY PAIRS GOLD IS JUST ONE WHY LIMIT YOURSELF