Despite Record ‘Misery’, Investors Are Panic-Buying Turkish Bonds

Despite the Turkish people having never been more ‘miserable’ based on painfully high unemployment and soaring inflation, it appears the world’s yield-hungry investors can’t get enough of Turkish debt (because hey, you can trust a guy who just dictated himself as ‘sultan for life’).
This so-called misery index signals the mood of the population…

This post was published at Zero Hedge on May 5, 2017.