Difficult to find a constructive argument for the Turkish Lira right now, given inflation and policy. Has anyone come across any credible bullish scenarios, even long-term, that aren't purely contrarian hope?
Perhaps a long-term view could consider the potential for a more orthodox economic approach if current policies prove unsustainable. That's a big 'if' though, and probably years away from showing any real impact.
Could tourism receipts or some unexpected geopolitical shift provide a temporary boost, even if it's not a fundamental change? It's hard to see sustained strength without addressing the underlying issues.
I'm with you on this one, it's a tough sell. Any bullish case feels like grasping at straws unless there's a complete pivot in economic policy, which seems unlikely in the short term.