Authored by Mike Shedlock via MishTalk,
Turkey isn't close to hyperinflation yet. But the path it's on is a guaranteed way to get there.
As Erdogan tightens his grip on finance and the central bank, Investors Fear Turkish Currency Crisis.
The Turkish lira fell around 4% against the dollar late Monday after Mr. Erdogan appointed his son-in-law as finance minister and put in place measures that could curb the independence of the country’s central bank. Investors also sold Turkish shares and...