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Wednesday, July 25, 2018

Trump's Twitter War on Iran Is No Joke - Bloomberg

Trump's Twitter War on Iran Is No Joke

...If you want to see what life and economics are like under a president who cares nothing about central-bank independence, then have a look at Turkey. Under pressure from President Recep Tayyip Erdogan and his finance minister/son-in-law, Turkey’s central bank shocked markets today by deciding not to raise interest rates even a little bit, despite inflation pressures and a crumbling currency. Investors are right to give up hope that Erdogan will ever come to his senses, writes Marcus Ashworth...

More:Trump's Twitter War on Iran Is No Joke - Bloomberg