Trade Alert: An Urgent Trade On Turkey’s Crashing iShares
As Jim recommended during a recent conference in Turkey, raising interest rates would strengthen its currency and attract foreign direct investment. Unfortunately, Turkey did the opposite and cut rates. The result was a crash in the lira. Jim and Dan recommend an ETF that tracks Turkish equities as the best way to play the coming decline in its share price from the resulting drying up of foreign investment in the Turkish economy.