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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

Meanwhile, the Turkish Lira is Crashing

Dr. Fly Wed Jan 11, 2017 10:57am EST 2 Comments

Nothing to see here folks. It’s just a little ‘King Dollar’/ ‘Dollar Strength’ pin action.

The Turks deserve to lose their currency altogether, let alone face a long arduous battle with the EU for inclusion into their doomed club.

The ramifications of the strong dollar will have a profound effect on shit countries, like Turkey, Mexico and China.

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Seeing the Lira trade down v the dollar is a daily occurrence. But today’s drop is special, as it mows down buyers — down by 3.3%.

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2 comments

  1. john_galt
    john_galt
    January 11, 2017 at 11:23 am

    nice panic selling. Soon will be the time to buy the Lira again

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  2. it is showtime
    it is showtime
    January 11, 2017 at 3:38 pm

    Despite those who have control of the United States stock market… trying to keep any red moves from occurring whatsoever… and they’re obviously flailing-about today… because any informed glance at the indexes shows the stock market… wants to go down, or not be forced to maintain a level its not comfortable with… I’m flat

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