Turkish Meltdown Is Bad News for Fiat Chrysler and Emerging-Market ETFs

Turkey dominated the headlines of the European financial press as I woke up this Friday morning in England. The Turkish lira is getting pounded, and now sits at or near a record low against the U.S. dollar.

Political tensions between Ankara and Washington over Turkey's continued detention of U.S. pastor Andrew Brunson have soured investor confidence on the Turkish economy, leading to what seems like a classic emerging-markets meltdown. That's characterized by capital outflows, rampant inflation and a central bank attempting to defend a currency with higher interest rates (which, from what I've seen, rarely works)....390 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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