Turkey is a hard case if not enough on China, Russia and ASEAN. Most currencies are not as bad but speculators taken chance. Is very simple as the no 1 country owe most people money is US. However, their recent policies thought to be beneficiary to US. But they forgot many other entities are vulnerable after decades of miss management.
Eventually US market alone cannot survive itself if no export or cost of goods become expensive without the help of low cost countries.
So far so good but the risk to trigger world wide crisis is looming.
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