Turkish Banks: A Painful Deleveraging Ahead
Orderly or disorderly deleveraging? If history is any guide, the aftermath of a private debt boom often results in slower consumption and GDP...
633 Views
Cold Turkey
* President Erdogan is Likely to Win, and Capital Controls Likely Will Follow; and * All Signs Point to TRL Weakness on Par With...
70 Views
Turkey Shoot
* Stronger USD on the back of higher interest rates, and higher USD-denominated oil prices are the perfect storm for the Turkish economy and...
66 Views
BBVA: A De-Risking/Growth Mix
Our thesis is that Banco Bilbao Vizcaya Argentari (BBVA SM) is undervalued on a sum of parts valuation. This is based on attributing a 20% value...
188 Views