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EPV - Sell Turkey And Run Away - Firing The Central Bank Governor Is Not A Good Sign
ProShares UltraShort FTSE Europe
The Event
The President of Turkey, Recep Erdogan, has fired the central bank Governor. As a result Turkish bond prices have slipped, yields have risen. The Lira has fallen on the FX exchanges, the stock market is slipping - all the signs of the markets thinking this is a bad idea. And it is a bad idea. But it's going to get worse:
The Turkish lira suffered its worst day in months on Monday after President Recep Tayyip Erdogan sacked the country’s central bank governor over a dispute about interest rates. The currency, which