[xiphias]

If you look at the linked newsletter itself, it's much more than just a prediction. Tim has a long explanation that I think is interesting:

https://int.nyt.com/data/documenthelper/152-turkey-financial...

https://en.wikipedia.org/wiki/Carry_(investment)

The term carry trade, without further modification, refers to currency carry trade: investors borrow low-yielding currencies and lend (invest in) high-yielding currencies. It is thought to correlate with global financial and exchange rate stability and retracts in use during global liquidity shortages,[3] but the carry trade is often blamed for rapid currency value collapse and appreciation.