Why Can’t Turkey Stop Its Economic Nose-Dive?

Turkey’s economic outlook has deteriorated so much that bankers and traders are starting to talk about the need for an International Monetary Fund rescue — a taboo topic until recently. Some even worry that President Recep Tayyip Erdogan will impose capital controls as a last-ditch effort to avoid raising interest…

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Lira Falls to Record Low as Turkey Grapples to Stem Market Rout

The Turkish lira sank to a record low as concern about souring relations with the U.S. and runaway inflation outweighed the nation’s plans to stem a market rout. The lira sank about 4 percent, while the iShares MSCI Turkey ETF extended a two-day plunge. The currency had initially pared losses…

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Turkeys Warning to ItalianEuroskeptics

There are some politicians in the Italian government who dream of escaping the economic shackles that accompany membership of the euro and the European Union. The nightmare currently engulfing Turkish assets should be a warning that freedom isn't all it's cracked up to be. Market Meltdown Investors are punishing Turkish…

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How to End Japans Deflation? Abolish Cash

Monetary medicine in Japan is keeping the economy alive, but with nasty side effects. The search for a new cure should begin with a simple question: What if the Bank of Japan were to throw out its money-printing presses? Instead of pushing more yen into an economy that has already absorbed a threefold…

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Kraft Heinzs Buffett Glow May Be Fading

Kraft Heinz Co. represents all that is wrong with aspects of corporate America. So why does Warren Buffett like the stock? The U.S. markets and economy may be holding up, but there’s a corner of the business world with an unsettling combination of factors: few growth opportunities, resistance to new customer…

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Millionaires Now Control Half of the World’s Personal Wealth

The rich are getting a lot richer and doing so a lot faster. Personal wealth around the globe reached $201.9 trillion last year, a 12 percent gain from 2016 and the strongest annual pace in the past five years, Boston Consulting Group said in a Source: Boston Consulting Group Last year’s…

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This Billionaire Has Put Half His Net Worth Into Gold

Egypt’s Sawiris has put half his entire net worth into gold He’s been waiting 10 years for North Korea stakes to pay off meeting with North Korean Leader Kim Jong Un: Don’t bully him, and promise prosperity in exchange for concessions on nuclear. A successful meeting between Kim and South…

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