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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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