Trouble in Paradise


Our close friend and an excellent equity analyst Mr. Ercan Uysal wrote a piece on Turkish debt problem in my English language website PA Intelligence. The preface says:
Turkish corporate profits continue to slump amid excessive debt levels and a structural slowdown in domestic consumption
His research and use of diverse data sheds light on a complex and much debated topic in Turkish economics. I was startled at the depth of the problem and how close we are swimming to a debacle. Worth a read.  Here is the link.