[Seaplaner]

For the year, the lira is down nearly 40 percent against the U.S. dollar. Turkish stocks have also taken a beating in 2018. The iShares MSCI Turkey exchange-traded fund (TUR) is down 39 percent year to date. Turkey's stocks also missed out on the broad rally in emerging markets last month, falling 6.7 percent in July...

Whoa, bummer.

[dragnet2]

Mess with the bull ya get the horns.

[BeauBo]

Currency down 40%, stock market down 40% - in 7 months.

In dollar adjusted terms, it was the second worst stock market performance on Earth this year, after Venezuela. You would have done better investing in Zimbabwe.

This terrible performance was baked into cake by the policies of President Erdogan, long before there was any hint of US sanctions. Now that their markets, currency and economy are going into a tailspin, they especially cannot afford real sanctions.

US sanctions against “Turkey” so far, were just a tiny warning shot (against two individuals) - but there is a threat of significant sanctions, if the don’t release their hostage, Pastor Brunson.