Brief Political Update on Id Developments

TURKEY - Report 01 Aug 2014 by Atilla Yesilada
I intended to hold my fire until our Monthly Report is completed by around the middle of next week, but the sudden flare-up of panic in GEM compelled me to comment on the recent political developments. Our very own Cosmic Strategist asserts that when risk appetite is down, investors begin to scrutinize politics more carefully than ever. The good news is that there is little on the immediate calendar that could jeopardize AKP’s chokehold on power. The bad news is that even an Erdogan victory in the first round of the presidential elections is very unlikely to bring about a relative calm in T...

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