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...
Read More »Adam Garrie — Turkey Officially Turns to China For a Long Term Economic Partnership
Turkey’s President Recep Tayyip Erdogan has spoken about the primary objectives during the first 100 days of his new administration. Speaking of western financial speculation against the Turkish Lira, Erdogan reiterated that the country is “facing an economic war, but we will win it”. As part of his strategy to win the western war against Turkey’s monetary policies and existing economic growth model, Erdogan announced that for the first time in history Ankara will issue state bonds in...
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