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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: robert b furman who wrote (945)8/13/2018 5:17:53 AM
From: Robohogs1 Recommendation

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elmatador

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Hey Bob. Chasing you from thread to thread. Don’t get too bearish. It feeds the other bears. This type of financing far less prevalent in true EM vs US and developed Europe. Turkish inflation has been near 10% forever. Meanwhile this is a currency crisis intensified by Trump (actions both ways do have consequences as Erdogan probably seserves this). But the Turkish metrics were healthy into the crisis. Young population. Per capita income on PPP in high 20,000s. Low debt. Low taxes. Few linkages to ROW unlike Greece. So if they can fix things, a blip. Maybe even if not. I do feel bad for the people though.

Jon
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