Didn't have time to put this in the Zoom Chat about Erdogan .. no one can figure out why he is insanely keeping interest rates down despite **Fifty-four Percent** inflation .. 🤔
"Turkey under pressure as Lira slumps on central bank decision to hold interest rates" - Express UK
This piece from Business Insider might give a clue ..
"Silly season's over, folks
"Before the pandemic, the most pressing problem for central banks around the world was the meandering recovery from the financial crisis .. , prompting the Fed and others to keep interest rates historically low to encourage banks to give out loans and juice the economy. A side effect of making money easy to borrow was that all kinds of garbage ideas could get funding and all kinds of garbage companies could stay in business."
"'We really did hit peak stupid': Elite investors on Wall Street say privately that the market is about to undergo a cataclysmic shift .." - Business Insider/Archive Today
If Erdogan really is grifting the Turkish economy, *raising interest rates will ruin--and expose--him*, the $64,000 question is when/if all this will catch up with him ..
Ruth, Happy Birthday, and great job on MSNBC the other night!! So glad to see your face and to hear your voice coming out to so many people. Ruth, what do you think of using the word “anti-freedom” in connection with “authoritarianism” and “fascism?” The right uses simple, catchy phrases that capture the imagination and votes, terrifyingly. “Anti-freedom” can sound kind of dumbed-down, and our side tends to like more intellectual approaches, but maybe we need to think about catchy phrases that are truthful. In Deep Appreciation, Steph
It is snaining here in Michigan. Mother Nature couldn't decide today...snow or rain? Maybe we'll do snain! This photo is a reminder that my crocus that are freezing will be revived soon!
I enjoyed the pretty wild flowers in the foreground.
Happy 🎂 Birthday 🙂
Didn't have time to put this in the Zoom Chat about Erdogan .. no one can figure out why he is insanely keeping interest rates down despite **Fifty-four Percent** inflation .. 🤔
"Turkey under pressure as Lira slumps on central bank decision to hold interest rates" - Express UK
https://www.express.co.uk/finance/city/1582143/erdogan-turkish-lira-central-bank-interest-rates
This piece from Business Insider might give a clue ..
"Silly season's over, folks
"Before the pandemic, the most pressing problem for central banks around the world was the meandering recovery from the financial crisis .. , prompting the Fed and others to keep interest rates historically low to encourage banks to give out loans and juice the economy. A side effect of making money easy to borrow was that all kinds of garbage ideas could get funding and all kinds of garbage companies could stay in business."
"'We really did hit peak stupid': Elite investors on Wall Street say privately that the market is about to undergo a cataclysmic shift .." - Business Insider/Archive Today
https://archive.ph/qq8OP
If Erdogan really is grifting the Turkish economy, *raising interest rates will ruin--and expose--him*, the $64,000 question is when/if all this will catch up with him ..
Ruth, Happy Birthday, and great job on MSNBC the other night!! So glad to see your face and to hear your voice coming out to so many people. Ruth, what do you think of using the word “anti-freedom” in connection with “authoritarianism” and “fascism?” The right uses simple, catchy phrases that capture the imagination and votes, terrifyingly. “Anti-freedom” can sound kind of dumbed-down, and our side tends to like more intellectual approaches, but maybe we need to think about catchy phrases that are truthful. In Deep Appreciation, Steph
California's most beautiful time of the year! Love it!
It is snaining here in Michigan. Mother Nature couldn't decide today...snow or rain? Maybe we'll do snain! This photo is a reminder that my crocus that are freezing will be revived soon!
A lovely photo to brighten my day here in IN where it is grey, cold & snow flurries are falling. Thank you.
What a serene and lively image to start our day!
Excellent image!
Wow! Beautiful up close and from a perspective! Thank you for sharing!