Turkey is heading in the wrong direction. Hot money flows in flows out to make quick profit. Unless Turkey addressing fundamental problems: trade deficit, tension with the West,foreign debts,more consumption than production,weak manufacturing, domestic religious fatalism and terrorism. Blaming the Jews,the US, media inland and overseas, and I don’t know...nothing will change.
Many speculants out there behave like you with your private money: betting on lira fluctuation. On high and higher lending rate. Turkey profits nothing because the money is not invested to increase production.