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Shares in strongman leaders seem to be falling.Xi's new best friend, Russian President Vladimir Putin, remains politically impregnable.Putin and Xi's strongman troubles pale in comparison to those of Turkish President Recep Tayyip Erdogan and Trump, who has now been implicated by his longtime lawyer and "fixer" in the commission of a federal felony.The Turkish lira has lost 38 percent of its value against the dollar this year, owing almost entirely to Erdogan's economic illiteracy, cronyism and deafness to alternative viewpoints.Unlike his predecessor as president, Abdullah Gul, Erdogan never made much of an effort to be a leader for the whole country. Erdogan's policies are dragging Turkey's economy into a hole.Making matters worse, Erdogan recently appointed his unqualified son-in-law, Berat Albayrak – the Jared Kushner of Ankara – as Minister of Finance and Treasury, further unsettling the markets. And he has engaged in an escalating diplomatic and trade dispute with the U.S. over the arrest of an American pastor accused of complicity in the 2016 coup attempt against Erdogan. Trump's desperation to prove that he cannot be pushed around by anyone (except Putin) is well known.
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