Remember when Turkey had a terrible earthquake made worse by their president Erdogan’s blatant greed and selfishness?
How about when Turkey’s president, Erdogan came to American soil and had his guards attack both protestors and US secret service?
Erdogan is a piece of shit.
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“Fighting fire with fire” as a monetary policy 🤣
Fighting fire with oil.
Fighting fire with oil
I feel like this just absolutely HAS to be sarcasm right?
Really impressive move by the CBRT [Central Bank of the Republic of Turkey] - probing their orthodoxy and getting well ahead of expectations," he said in a note.
“These guys and girls are serious about fighting inflation,” he added. “We need to give them credit for that.”
Someone finally convinced them that lowering interest rates didn’t fight inflation.
that’ll do it.
40% interest?? Is this true lol wtf are credit cards over there then? 80%??
Its sad to see how my country is going shittier every fucking day
It’s fucking stupid to do it all at once but I think this should have happened ~5 years ago. Raising interest rates are how you fight inflation… We wouldn’t be in a situation where it costs 500 TL for one sucuk if they started doing this well before covid.
Fax.