SPENGLER: Recall Notice For The Turkish Model. “Among all the dumb things said about the so-called Arab Spring last year, perhaps the dumbest was the idea that the new democracies of the Arab world might follow the Turkish model. In fact, if you had invested in the Turkish model (that is, in the Turkish stock market) at the outbreak of the Arab revolts, you would have lost about half your money. If you leave your money in Turkey, you probably will lose the rest of it. Turkey is not a model. It is a bubble, and it is bursting, starting with the stock market and national currency. . . . I predict that Turkey’s economic crisis will undermine the stability of the Turkish state as well, leaving the Muslim world without a single enclave of stability from the Libyan-Algerian border to China’s Xinjiang province.”