This interview argues that Erdogan will normalize his behavior if he wins the referendum (a Yes vote wins). a) this is an assumption, there is no such indication. b) If this the case than hwy is he fighting free speech? He has jailed a record number of journalists for expressing their opinion (which he does not agree with). c) Turkey and Brazil have very big differences in terms of structure c) economy is doing much worse beneath the surface. Current account is deteriorating and inflation is spiking. Central bank is scared of raising rates because of Erdogan, banks will have to increase provisions and reduce credit. finally I do not agree with the arguments on the death penalty, I think he will re-instate it and that will be very bad for human rights. This interview in my is one sided. If you ask me if Erdogan wins the referendum, things will get much worse. An indicator I always like to look in EM is what local business thinks.. and local business is very scared and if the Yes vote wins local business confidence will plunge. Not to mention what an authoritarian Erdogan will mean for the whole region. It would be very interesting to search and see how Erdogan avoided the coup and who helped him. Things are not as they appear.

Fantastic. Great speaker. This kind of look into the politics of an EM (which you don't get reading the Street's research reports) is very valuable. Thank you and keep these coming.

As a Turkish citizen, I must say that the syntheses outlined in this interview are full of astute observations. The clarity and accuracy of details are amazing. Thanks to RV for this great interview.

Wow - not only is this guy smart and eloquent he was absolutely right about the ZAR which is collapsing (-13%) ahead of the potential SA rating downgrade on April 7th.

Excellent

Great

Can we please have a similar argument about Congo? So much going on there politically. Understanding the macro in Congo may present great opportunities maybe not through currency but surely through natural resources.

The video seems to skip with about 30 seconds left.

What a great performance. I sense it won't get as many views as it deserves. My early nominee for "most underappreciated video" of 2017. Would love to have heard more why South Africa is "one of the strongest emerging markets" and yet "it is not growing, not reforming." Hope to see Michael Harris back regularly.

Great interview discussing the positive and negative possibilities with a relevant time line. Perfect blend of markets, politics, and investor sentiment.

Great interview in that all the possibilities were presented in a very clear, unbiased and objective fashion. It seems like, whenever someone analyzes the climate in the US, it's either very critical (from one perspective) or very positive from another. I sure would love to see someone lay out all the possibilities for the next year or two in the US in such an ubiased fashion.

OK this is what we want. Towering intellect combined with market savvy. Much appreciated.

In the past I have assumed SA could not become Zimbabwe because black South Africans were integerated into the police and military and enjoyed a lifestyle that could not be supported by land redistribution and subsistence farming. Maybe Mr Zuma did not read my message board rantings? Does this change anything: South Africa's new finance minister to 'radically transform' economy Malusi Gigaba, appointed after Jacob Zuma sacked Pravin Gordhan, promises wealth redistribution in swing to the left https://www.theguardian.com/world/2017/apr/01/south-africa-malusi-gigaba-new-finance-minister-wealth-redistribution

Peter M. the hotly debated tag is simply obtained by the comment that, for the time being, hast the most number of votes. No fancy algorithm behind it.

Excellent, I understand that there are few in the RV community who trade EM and EM currencies. I would like to thank the RV team for allocating the time for that and providing amazing insights on both TRY and ZAR.

Ok. There's a referendum in Turkey and its result matters a lot also outside Turkey. I did not understand that before watching this piece. Thanks!

Trying to short the RV "hotly debated" algo. Doesn't seem to reflect market sentiment.

I learned a lot about the current political and economic situation in Turkey. I can watch the referendum results with a greater understanding of the ramifications of the results. RV comes through again with a great interview.

How does Real Vision "generate" a "hotly debated" tag on a comment? Seems a bit silly where someone can say excellent and with just two people giving it a thumbs up, the comment becomes "hotly debated".

excellent