After winning the elections, Turkey’s President Erdogan handed over the management of the economy to Mehmet Şimşek, whom he appointed as the Minister of Treasury and Finance, and the management of the Central Bank to Hafize Gaye Erkan.
Silicon Valley Bank collapsed last week and Moody’s Investors Service downgraded the credit rating of Signature Bank sparking fears of a major financial crash. CNN now reports, “Moody’s puts 6 US banks on watch for potential downgrade.”
It was never unexpected that the House of Representatives, with a rate of 75% of the attendees, would approve the general budget law for the fiscal year 2023, despite the harsh criticism of the bill during the 3-day debate sessions due to the financial deficit, the high riba (usury) of public debt, and the absence […]
Headlines: * ‘There are no Dollars’: Foreign Currency Crunch Hits Egypt’s Economy * US Willing to Fund Afghan Border Security Say Bilawal * US-China Rivalry May Shape 2023 for the World
Nureddin Nebati, Minister of Treasury and Finance, who made an opening speech at the “Economic Transformation and New Paradigms Summit” hosted by the Ministry of Treasury and Finance, presented statements regarding the economy. Minister Nebati interpreted the economy by using eccentrical loanwords and used these statements: “The heterodox approach, which represents an epistemological break from […]
In the midst of a failing economy, double digit inflation, escalating mortgage rates, higher energy bills, a tax U-turn, rising debt, a pension fund liquidity crisis, a war in Ukraine, a depreciating currency, increased immigration and sinking polling numbers, the new Prime Minister of the United Kingdom (and perhaps half of her cabinet) found time […]
Details: Biden’s Global Economic War Employing Oil and Inflation Khamenei Responds to Protests in Iran
Today, President Joe Biden issued a statement about the rising Consumer Price Index (CPI) in September. He painted disappointing data about the US economy in a surprisingly positive manner: “Today’s data show more progress in bringing global inflation down in the US economy. Overall, prices have been essentially flat in our country these last two […]
Following a press conference by Fed Chairman Jerome Powell on January 26, 2022 Politico reported: The Federal Reserve is likely to raise interest rates in March in what is expected to be the first of a series of hikes this year amid rising inflation.
