The Turkish Lesson Turkey’s economic collapse didn’t happen by accident—it was the result of deliberate policy choices that ignored economic fundamentals in favor of political doctrine. For years, President Erdoğan pursued a radical economic experiment that became known as “Erdoganomics”. This strategy was built on the belief that high interest…
Category:Daily
Daily post about finance and breaking news
LIQUIDITY CRACKS WIDEN IN THE GLOBAL FINANCIAL HOUSE OF CARDS
Almost 10 months ago, I wrote the article “MOUNTING SIGNS OF LIQUIDITY PROBLEMS AMONG LARGE US AND UK BANKS” to highlight several elements pointing toward a buildup of liquidity problems in the banking sector. Three elements were particularly noteworthy at the time: Last week, something very interesting happened again: banks…
2025 FED STRESS TEST REVEALS HOW TODAY’S FED IS COMPLICIT IN HIDING BANKS’ PROBLEMS
The Federal Reserve just released the results of its 2025 round of stress testing on 22 major US banks, and personally, I have never come across something more ridiculous and hypocritical. Let’s start with the fact that the FED itself admits how it found it appropriate to make this year’s…