TRY Butterfly flapping its wings

17 พ.ย. 2021

Here's what I expect next:

1. USDTRY goes to 25 and beyond.
2. Turkey defaults on its debt.
3. Deutsche Bank demands a bailout.
4. EURUSD crashes below 0.90.
5. 10Y US paper goes to 4..5%
6. All yield (stocks and debt) loses 2/3rd of value.

The Butterfly Effect in action.