That's 100% not true - even after all this mess, the situation today is by no means comparable to the 90's.
Turkey is in a position now to do serious damage to itself like never before....by its own size and credibility gained since 1990s....
....and that being undercut and having increasingly inverted pendulum kind of situation to deal with.
It simply was not top heavy in the 90s turmoil like it is now.
Just look at basic asset and liability size back then compared to now (relative to population or whatever denominator)....either public or total if you want.
It is bad "sweetspot" I mentioned before.
You need solid foundations always to carry weight of politicians "tinkering" in the higher levels....and make it as hard as possible for them to undermine those foundations.
Unbelievable a G20 country is doing this nonsense of interest rate reduction with high inflation and depleted its forex for it and now running on fumes and forex loans to keep supporting the silliness.
Then all kind of attempted populist stuff following on top....to load inverted pendulum even more.
I feel deeply for wise educated patriots like
@Anmdt who I learned a lot from on all kind of topics.
They invested lifetime of toil and effort for their motherland, and have to look at this damage being done with little to stop it right now.
