It’s funny to see the Ankara regime accounts on here celebrating Ankara lira “gains” and its “strength”….after weeks in which it was weakening now they post that it got better…economic nationalism is so boring and banal…the whole thing is chicanery anyway
Does anyone believe that the lira really weakened so much so quickly and then magically went from like 18 to 10 to the $1 overnight…the whole thing is some scheme cooked up by Ankara…it’s not based on reality of the economy
When you have uncertainty and fluctuation, volatility and government intervention, it means something else is going on…currencies aren’t supposed to fluctuate wildly.
Just look at the chart. The idea that anyone can ascribe any of this in the last days to some great success, or failure, of the regime in Ankara is only that the regime intervening spread uncertainty and volatility…and that’s not good. You don’t want currencies to do this
https://twitter.com/Samir_Madani/status/1473190555542867972
Also predators come into a market like this to try to benefit off it, and that’s is not good; middle class people can see bank accounts harmed.
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