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Turkey is bankrupt

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Re: Turkey is bankrupt

Postby Lordo » Sun Jun 02, 2024 11:12 pm

Here is another interesting look at finance.

https://www.facebook.com/reel/1661459314679972
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Re: Turkey is bankrupt

Postby Maximus » Wed Nov 20, 2024 9:15 pm

Here is another interesting look at (the lack of) finance

> 15,000 Turkish companies closed this year, up 28% from 2023

https://www.reuters.com/markets/turkish ... 024-09-09/

Turkish households and business are facing the economic consequences of a cumulative 41.5 percentage points of rate hikes that began in June 2023 and are now finally beginning to cool inflation, which dipped to 52% last month, from its peak of "90%" (150%).

I suppose every cloud has a silver lining but that yamoto shistos pezevengi will try to educate us that raising interest rates doesn't bring down inflation, but raising the minimum wage does (until the company goes bankrupt).
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Re: Turkey is bankrupt

Postby Lordo » Thu Nov 21, 2024 12:06 am

Erdogan blocked the Israeli President from flying through Turkish Airspace so he was unable to attend the conference in Baku. Why they could not fly over Greece and Bulgaria is hard to understand.
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