January 17, 2022· 39 min
Paul Mcnamara on the Problem With Turkey, and the Attempt To Save the Lira
Orality
Model
78%
Oral-dominant (speeches, podcasts, storytelling)
Speaker Breakdown
HostTracy Alloway(2,282 words)
M:28%
HostJoe Weisenthal(2,282 words)
M:28%
GuestPaul Mcnamara(4,036 words)
M:28%
Oral Indicators
Agonistic60%
very, basically, terrible
Engagement65%
you, our, your
Memory Aids100%
listen, like, so
Repetition100%
know (108x), it's (64x), lira (56x)
Parallelism84%
But I'm very excited nonethele..., And if you haven't already, a ..., And, of course, the lira had a...
Sound Patterns45%
31 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases3%
i mean
Literate Indicators
Hedging13%
may, seemingly, maybe
Passive Voice10%
be engaged, is structured, be even
Abstract Nouns21%
investment, community, business
Subordination13%
nonetheless, because, while
Sentence Length56%
Avg: 18.9 words/sentence
Word Complexity49%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style35%
454 personal pronouns found
Descriptive Style100%
apply, unfortunately, basically
Description
Near the end of 2021, Turkey's government undertook a bold measure to stabilize the lira after the currency got clobbered throughout much of the year. The basic idea is that the government would pay savers to lock up their currency in lira, and compensate them if it fell too far against the dollar. But can it work? Does it address the core problem of the Turkish economy? To understand more, and to get the perspective of outside investors, we speak with Paul McNamara, a fund manager at GAM and a veteran EM watcher, to get a handle on the government's new measure, the challenges with it, and why Turkey is prone to so much volatility. See omnystudio.com/listener for privacy information.