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.

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Jim Rickards

James G. Rickards is the editor of Strategic Intelligence, Crash Speculator, Gold Speculator and Tactical Currency Profits. An Ex-CIA insider, he is also an American lawyer, economist, government advisor and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the...

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