Excellent Article on Turkey

Wanted to share this excellent post on Turkey by Dani Rodrik. I agree with all he says.

I have been trading the Turkish market since 2003, but have sold all my positions in 2011. Ever since I have waited for this house of cards to crash. Given that many European banks are engaged there, this could be a much bigger catalyst than anything Greece related. I have never understood the hype around Turkey’s economy over the past five years and always enjoy to compare the articles in the financial press on Turkey with those on Russia. The latter is always treated as a basket case, although fundamentals (and potential) are much, much better there. Further, Turkey’s president easily matches Putin when it comes to silencing critical opponents.

Interesting how political issues colour the reporting of the free press. More attention should be paid to these things…


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