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Iranians under Pressure in Flailing Economy – Sune Engel Rasmussen and Aresu Eqbali (WSJ via Daily Alert)

By   /  July 26, 2018  /  International, Islamic fundamentalism, Mid. East news  /  No Comments

July 26, 2018 Iranians under Pressure in Flailing Economy – Sune Engel Rasmussen and Aresu Eqbali A deepening economic crisis is slashing the buying power of Iranians even before the bite of looming U.S. sanctions. President Hassan Rouhani on Wednesday replaced the head of the country’s central bank, while 90 members of parliament called to impeach the economy […]

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Turkey’s Currency Meltdown (WSJ)

By   /  May 24, 2018  /  friends/enemies, International, Mid. East news  /  No Comments

May 24, 2018 Investors flee the lira amid Erdogan’s political central banking. Investing in emerging markets is like watching the tides without the moon as a guide. Capital flows in and out in surges, and woe to the country that gets caught with bad policies when the tide suddenly goes out. Argentina has been getting […]

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2 articles on Iran, summarized by Daily Alert, with links

By   /  January 12, 2018  /  International, Islamic fundamentalism, Mid. East news  /  No Comments

Jan. 12, 2018 The Spark Behind Iran’s Unrest: Millions of Defrauded Investors – Farnaz Fassihi and Asa Fitch (Wall Street Journal) The call to protest came through a group channel on the smartphone app Telegram. Most of the group’s thousand members had lost their savings when a financial firm promising huge returns went bankrupt amid bad […]

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