Putting Fire to the Turkey....

As the Turkish Lira continues to plunge, it could send ripple affect across the markets especially in the emerging markets as this currency crisis turns into a DEBT crisis. Turkey's president is taken little measures to prevent the slide even suggesting contrary approaches to traditional measures such as raising rates. We could see more depreciation in the near future which could extent into areas where commodities may become more volatile in in pricing.


Below is a list of Emerging Markets ETF's which ironically ALL are down for the year. We could see more appreciation if measures are not met and markets continue to sell-off..


Let's see how the dice roll..