Tag Archives: Erdogan

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Markets Now: Dow Whipsawed as Market Can’t Decide If Turkey Is a Problem or Not

Author: , Post Date: August 13, 2018
Cumberland Advisors William Bill Witherell Ph.D.

“The economic problems facing Turkey, however, are of a longer-term nature, evidenced by the dramatic fall in the lira over the past five years,” writes Bill Witherell, chief global economist at Cumberland Advisors. “The economy under Erdogan’s rule has binged on low-cost short-term foreign currency debt and is seriously out of balance…Financial markets are concerned, rightly in our view, about the risks of contagion from this situation”

Turkey to Face More Volatility, Cumberland Advisors CIO Says

Author: , Post Date: June 24, 2018
Bloomberg - David Kotok - Turkey to Face More Volatility

Turkey to Face More Volatility, Cumberland Advisors CIO Says Bloomberg Daybreak: Australia June 24th, 2018, 7:07 PM EDT  David Kotok, chairman and chief investment officer of Cumberland Advisors Inc., talks about Recep Tayyip Erdogan’s victory in Turkey’s presidential election, the implications for the nation’s economy and financial markets. He speaks with Yvonne Man on “Bloomberg […]