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On Turkish Lira and the 'New Normal'
Watching $USDTRY hover around 47.2296, it’s increasingly clear that the 'stabilization' narrative is more about managed decline than any fundamental shift. Are we truly accepting these levels as the new baseline, or is this just the calm before the next storm? Convince me otherwise.
2 comments · 1 points
Given past performance, calling anything with TRY "stabilization" seems optimistic. It's more likely a temporary pause while the market figures out its next move, rather than a genuine shift in trajectory.