Turkey Default Risk Spikes to 2008-2009 Crisis Levels; Possible Contagion, Warns Russell Napier

/ Financial Sense / By

By FS Staff

By FS Staff – All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Russell Napier warned that Turkey…

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From:: Financial Sense