Economy

The economy may collapse soon: Daron Acemoğlu

Turkish economy


Hurriyet Daily News
The Turkish economy may collapse in a couple of years if politicians do not show the West that the economy is trust-worthy, Daron Acemoğlu, Professor at the Massachusetts Institute of Technology (MIT), told the daily Hürriyet. 

Trump Touted His Turkish Business Partner In A Call With President Erdogan

TrumpTurkish Business Partner

Paul Blumenthal 
President-elect Donald Trump called his Turkish business partner a “close friend” on a phone call with Turkish President Recep Tayyip Erdogan.
WASHINGTON ― When President-elect Donald Trump spoke to Turkish President Recep Tayyip Erdogan on Nov. 9, he mentioned one of his Turkish business partners as a “close friend” and passed on his remarks that he is “your great admirer.”


What Will Donald Trump Do on Economic Policy? Here’s a Top Adviser’s View

Trump Economic Policy


Author : Nick Timiraos
The announcement last week by the United States of the largest military aid package in its history – to Israel – was a win for both sides.
Israeli prime minister Benjamin Netanyahu could boast that his lobbying had boosted aid from $3.1 billion a year to $3.8bn – a 22 per cent increase – for a decade starting in 2019.

$5.5 billion eroded in one week in Turkey

Turkey economy

Uğur Gürses
Last week, when the U.S. dollar rose to a record high, the Turkish Central Bank’s foreign currency and gold reserves eroded exactly $5.5 billion. They fell back to $117.5 billion, which is the highest drop since 2009 in the foreign exchange reserves, which are released on a weekly basis.

Global Wealth Update: 0.7% Of Adults Control $116.6 Trillion In Wealth

Global Wealth

by Tyler Durden
Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what is perhaps the biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in its infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash of the past few months suggests that the lower 'levels' of the pyramid are increasingly unhappy about.

Toward A New World Order?

 

by Tyler Durden
Submitted by Eugen von Bohm-Bawerk via Bawerk.net,

A Brave New World is coming? Perhaps. We had a recent discussion with a group of people in the hopeless business of doing long term forecasting. This made us think about what the world will look like over the next 20 to 40 years. A pretty thankless task, but the bottom line is without a damn good war, Asia will be the way of the future.

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