Just a humble reminder that this time we are heading to 0.88.
Turkey will be forced to devalue the Lira (USDTRY heading to above 16), and likely will default on its debt, which will take down the EU banking system, which will force the ECB to bail out Deutsche and other big fishes, which will cause a rapid plunge of the Euro to the levels not seen in this century.
Checkmate.
Turkey will be forced to devalue the Lira (USDTRY heading to above 16), and likely will default on its debt, which will take down the EU banking system, which will force the ECB to bail out Deutsche and other big fishes, which will cause a rapid plunge of the Euro to the levels not seen in this century.
Checkmate.
