Turkey's Unravelling Economy.
The Turkish lira has been in meltdown as President Erdogan rejected warnings on the dangers of his recent interest rate cuts. He vowed that there was “no going back”.
The currency, which has lost about 40 per cent of its value against the dollar since the central bank started lowering borrowing costs in September, fell to a new record low of TL18.36 against the dollar on Monday
Trading on Turkey’s main stock exchange was halted for the second consecutive session following a 5 per cent decline for the flagship index.
The Turkish president, said in a televised speech on Sunday night “Don’t expect anything else from me, as a Muslim, I will continue to do whatever the religious decrees require.”
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve
Join this channel to support making this content:
https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join
Видео Turkey's Unravelling Economy. канала Patrick Boyle
The currency, which has lost about 40 per cent of its value against the dollar since the central bank started lowering borrowing costs in September, fell to a new record low of TL18.36 against the dollar on Monday
Trading on Turkey’s main stock exchange was halted for the second consecutive session following a 5 per cent decline for the flagship index.
The Turkish president, said in a televised speech on Sunday night “Don’t expect anything else from me, as a Muslim, I will continue to do whatever the religious decrees require.”
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve
Join this channel to support making this content:
https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join
Видео Turkey's Unravelling Economy. канала Patrick Boyle
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
The Office Real Estate Crunch!Is AI Actually Useful?Are Exports the Only Source of Growth?Adam's Back!Risk & Return - The Jesse Livermore StoryA Chainsaw to the Economy?Twitter is Going Bankrupt!What Happened at OpenAI?The Man Who Modernized ChinaAre Ray Dalio's Principles the Secret to His Success?Billions Trapped in Russia!Million Dollar Homes - Where Should YouTuber "How Money Works" Buy a House?Why Are Cars Suddenly So Expensive?Britain’s Mortgage Crisis!The Scam of The Century!The SEC Comes For Crypto!How a Lottery Win Might Change You!Turkey In 2023 - An Economy on The Brink?Commercial Real Estate Meltdown?The Death of Globalization!Carl Icahn Comes Under Fire!