by Summary:
Most of the "analysis" of Turkey being offered is nonsense. Speculators following it will be taking the losing side of the trade. Alan Longbon nails it. This post is the best available that I am aware of. The title is too limited. The article comprehensive. Does President Erdogan understand MMT? And maybe President Putin, too? Is the world waking up? To early to tell but the signs are encouraging. President Erdogan realizes that that the international institutions like the IMF and the global capitalist elite they are represent are on the same neoliberal page. Erdogan is also aware that like other central bank the Turkish central bank is on this same page. Can he crack central bank independent. The "international community" is warning him not to try. That would
Topics:
Mike Norman considers the following as important: Turkey, Turkish crisis, Turkish economy
This could be interesting, too:
Most of the "analysis" of Turkey being offered is nonsense. Speculators following it will be taking the losing side of the trade. Alan Longbon nails it. This post is the best available that I am aware of. The title is too limited. The article comprehensive. Does President Erdogan understand MMT? And maybe President Putin, too? Is the world waking up? To early to tell but the signs are encouraging. President Erdogan realizes that that the international institutions like the IMF and the global capitalist elite they are represent are on the same neoliberal page. Erdogan is also aware that like other central bank the Turkish central bank is on this same page. Can he crack central bank independent. The "international community" is warning him not to try. That would
Topics:
Mike Norman considers the following as important: Turkey, Turkish crisis, Turkish economy
This could be interesting, too:
Stavros Mavroudeas writes Another comment on the current tensions between Greece and Turkey (and a debate with a Turkish chauvinist– S.Mavroudeas PRESS TV 11-9-2020
Stavros Mavroudeas writes A comment on the current tensions between Greece and Turkey – S.Mavroudeas PRESS TV 11-8-2020
Jeff Mosenkis (IPA) writes IPA’s weekly links
Mike Norman writes Saudi Arabia’s ‘Strategic Plan’ to Take Turkey Down — David Hearst and Ragip Soylu
Most of the "analysis" of Turkey being offered is nonsense. Speculators following it will be taking the losing side of the trade.
Alan Longbon nails it. This post is the best available that I am aware of.
The title is too limited. The article comprehensive.
Does President Erdogan understand MMT? And maybe President Putin, too? Is the world waking up?
To early to tell but the signs are encouraging.
President Erdogan realizes that that the international institutions like the IMF and the global capitalist elite they are represent are on the same neoliberal page.
Erdogan is also aware that like other central bank the Turkish central bank is on this same page. Can he crack central bank independent. The "international community" is warning him not to try.
That would be "dictatorial," you see, and undercut the currency even more — as "they" do their best to create a financial crisis to effect regime change.
BTW, this article is an excellent example of MMT analysis in action. Alan Longbon is worth following if you are not already.
Could Turkey Default? The Maths Say No
Alan Longbon