Nomura Warns Turkey Is Still Upside Down As Fate Of Religious Leader Factors Into Central Bank Decisions

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Mark Melin
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The nation of Turkey is at a crossroads on several levels. After having elected the government of President Recep Tayip Erdogan in 2014, moves were quickly made to reduce press and speech freedoms along other civil liberties following a failed 2016 coup attempt. A desire to reign in the nation’s independent central bank was done against a public bullying campaign to keep interest rates low.

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What followed the heavy-handed moves was uncertainty.


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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.