system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: What's going in in Turkey, and why are the markets freaking out about it?
gpt
There's been some concern about Turkey's economy for a while now, it's doing pretty well but there are some issue like lots of dollar-debt (ie debt that will not be reduced if the Lira goes down).

Erdogan is in trouble with the US right now over a political matter. The US has responded with sanctions. This is bad for the economy. Turkey has few allies, as there's tense relations with most powers in the area. 

Then finally Erdogan basically said he didn't care about the economy, that Turkey's pride and non economic goals were more important. He also made pretty vain calls for Turkish to hold or buy Turkish currency, and called those that don't traitors. 

All of that made the market decide that Erdogan just doesn't care about Turkey's economy enough, which is pretty concerning. This has led to the Lira dropping rapidly, both due to people wanting to move assets elsewhere and fear of the Lira dropping more. The Lira dropping sharply has a number of bad outcomes - everything's more expensive in Turkey, all those dollar-denominated loans are now much bigger in Lira terms, and it reflects general concern over Turkey's future.