I still do not understand why the sudden moves in countries happen while it is obvious it has been cooking for a long time. I mean we can see many countries going very low and very badly for a long time before they fall of a cliff. Politics have a big part in this, if you are run by a president that declines to get off and runs the country for decades until he dies or something than there is a big chance people are not investing in your country with the fear that you may actually do something crazy that a dictator would do and get their money or something.
The economy goes bad for days, weeks, months and years and everyone clear as a day see that it is going horrible and one day BAM! the market collapses and noone is shocked about it neither. Why does that happen if we have known it for years?
Remember, political power is a big part of financial asset values. Why is the US stock market still so high when everyone knows it's only propped up by companies buying back their stocks and central bank signalling, rather than real profit growth? Elite power is being used to control 'markets,' and ordinary investors either go with the flow (and thus further adding to the power of the elites,) or 'fight city hall' (good luck with that strategy!)
This is just an example. Monetary and financial 'markets' are like this everywhere. The nature of propping up 'markets' successfully is that the elites have the incentives to undermine the stability of their own system, by further abusing their power when they can. When that has gone beyond their power to save their system, and when a critical mass of investors become aware of that, things collapse quickly and catastrophically.
It is a no-win situation for ordinary people, even if they understand what is going on. The only hope for real progress, over the long term, lies in being aware and demanding fundamental change to the ability to use public power to manipulate asset values.
