Turkey’s Painfully Long Economic Crisis Grinds On

Turkey has avoided the meltdown that seemed possible last summer when the lira plunged precipitously, but safety is remote. The palpable threat of imminent collapse has given way to a sense of muddling through as the government unleashes credit to defer an inevitable reckoning. Meanwhile, anyone with money stashes it away in the face of gnawing fears, depriving the economy of vitality.

NYT

Turkey is a country on the Venezuela path;

it cannot stop an economic lira-led bloodbath.

Erdogan may posture and claim money is not tight;

but Turkish bankers to a man have knuckles that are white.

It's the same old story of an autocratic twit

who has to have it his way or he's gonna throw a fit.

Companies are closing and the stores lack basic stuff;

the IMF is getting set to call Recep's long bluff.

If I lived in Turkey I would stash my cash away

underneath a mattress for the coming rainy day.

Then I'd eat some dolma with a cup of yogurt drink

while I watched old Erdogan make the country sink.