“The dramatic unraveling of Turkey’s lira has ignited
fear in markets around the world that the country’s currency woes could ripple
through the world’s banks, notably in Europe. Hand-wringing over Turkey’s
economic health under the stewardship of President Recep Tayyip Erdogan is
nothing new. Consternations about Ankara have been gathering steam since the
64-year-old won a sweeping, but disputed, snap-election
victory in June.” Story at...
https://www.marketwatch.com/story/3-reasons-why-the-selloff-in-turkeys-lira-matters-to-global-markets-2018-08-10My cmt: We’ll be watching to see how Monday goes. Nothing like a good crisis to rile the markets.
