Long USD/TRY : hyperinflation in Turkey
Political and economical conditions are settled for a hyperinflation cycle in Turkey.
Rampant inflation, panic hoarding of real assets, limits in banks, negative reserves excluding swaps, and crazy politicians.
Compare it to the argentinian hyperinflation cycle, the patterns are the same.
Short Turkish Lyra,we could see a small retrace here, but the cycle has just started.
Rampant inflation, panic hoarding of real assets, limits in banks, negative reserves excluding swaps, and crazy politicians.
Compare it to the argentinian hyperinflation cycle, the patterns are the same.
Short Turkish Lyra,we could see a small retrace here, but the cycle has just started.