The crisis in Turkey is being caused by the US Fed, and we are only at the beginning

8:28am PDT - August 15th, 2018    yahoo finance - Business Insider

The US Fed is unwinding its balance sheet, driving up the price of the dollar. This is the underlying cause of the Turkish lira crisis. Lots of countries, like Turkey, have external debt denominated in US dollars. The higher the dollar goes, the more expensiv…