Turkey's inflation passes 75% in what economists believe is peak
"what economists believe is peak" ... yeah whatever
www.cnbc.com/2024/06/03/turkeys-inflation-passes-75percent-in-what-economists-believe-is-peak.html
Consumer prices rose 75.45% in May on an annual basis and 3.37% on a monthly basis, according to the Turkish Statistical Institute, a government agency.
Keep in mind that interest rates are currently at 50% per year.
For years Erdogan thought the cure for inflation was to lower interest rates.
Also did you know:
That they can just halt the market if they fuck up, to fuck you even more (ofc) and then claim it to have been "market failure".
Lol.
https://www.nyse.com/trade-halt
On May 31, 2012, the Securities and Exchange Commission (SEC) approved, on a pilot basis, a National Market System Plan, known as the Limit Up/Limit Down ("LULD") Plan, to address extraordinary market volatility. The Plan was approved as a permanent rule on April 11, 2019.
Meanwhile in India:
India Launches Globalization of the Rupee
https://www.cointribune.com/en/india-launches-globalization-of-the-rupee/
Meanwhile
And what will be the future of Europe's amazing economy?
Europe is becoming a theme park for Americans.
Lol
https://www.wsj.com/world/europe/europe-tourism-economy-american-tourists-f6112f78
This is just what I was talking about with a friend some time ago, Europe is becoming the Boutique continent of tourists, especially Americans, who come to see museums, monuments, to eat, and enjoy a decadent Western culture.
The article is paywall'd but Americans going on holiday in Europe is nothing new.
What would be a game changer is if they were all spending bitcoin and thus spreading immense amounts of real wealth across the continent.
Don't forget Europe being the Military lapdog and scapegoat..