Sunday, September 13, 2020

Thinking about Turkey

 

Turkey's foreign exchange reserves (black line) have reached minus 60 billion. Net debt. The coming step is a deep devaluation of the lira. This is a playable situation, although one must remember Eliezer Fishman's losses on the same place. 

In the meanwhile, the seqel is strengthening. Economically, Israel is strong. This corona epidemic is focusing the public's anxiety and desperation on Netaniyahu. But he is a good leader. 

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