EWZ - Sell Brazil: Recession And Potential Currency Meltdown Ahead
Turkey has made headlines for all the wrong reasons in recent years as the lira fell over 60 percent against the dollar and over 50 percent against the euro. The cause? Running massive deficits to foreign creditors and printing too much money. There's nothing particularly unique about the Turkish situation. Countries have had currency crises for as long as there have been currencies. What's interesting is that these situations fall into predictable patterns that repeat over and over. In international finance, if a situation is unsustainable, it won't last. While the characters involved and the