U.S. Markets closed

Jim Cramer: Turkish Lira 'Crisis'? It Could Turn Out to Be Anything But

Real Money

We all act as if the Turkish lira is about to take us down in a heartbeat. It has been getting hammered and we are concerned that, what, it could spread? That there could be a fall in the government? That a new government would come in and be, somehow, less stable? Less open-minded? Less kind to journalists who are investigating it? Give me a break. How quickly people forget the month of January 1994 when inflation rose 70%, the Turkish lira plunged from 15,000 to the dollar to 24,000 so fast that often the machines we had back then simply couldn't keep up with it. How little people remember how the pro-Western government of Tansu Ciller, the first woman prime minister and a great friend of the