Market Talk – April 18, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 117.90 points or 0.31% to 38,079.70 Shanghai increased 2.84 points or 0.09% to 3,074.22 Hang [...]
Turkey Seizes Pro Turkish Members of Parliament & Cuts Social Media
We are getting reports that President Recep Tayyip Erdogan has shut down WhatsApp which was used to coordinate the coup. This time the rumor is that HDP-Pro Kurdish parliament members have been taken into custody last night in Turkey. Erdogan has shut down all social media especially WhatsApp. It appears that he is now trying to suppress the rise of the Kurds against his rule. He has also been making comments that the many Greek Islands use to be Turkey and were taken away handed to Greece after World War I when they carved up the Ottoman Empire.
Erdogan has sold off US Treasuries and this is what you do when you are switching sides ahead of war. We are FOOLS to say the least. There are NATO nukes in Turkey. There is a real danger Erdogan will seize them. He can lay down a red carpet for Russia to march straight into Syria without having to send ships. We better start paying attention to Erdogan. He is establishing himself as a dictator, not an election official.
Latest Posts
Russia Set to Outpace All Advanced Economies – Sanctions FAILED
Sanctions and the removal of Russia from SWIFT have not deterred the Russian economy. A recent report by the International Monetary Fund (IMF) predicts that Russia’s economy will grow more [...]
Why We Cannot Reach the Fed’s 2% Inflation Target
The Consumer Price Index (CPI) released on April 10 by the US Bureau of Labor Statistics reported that inflation rose by 0.4% on a monthly basis and by 3.5% on [...]
Republicans v the Department of Energy and Environmental Protection Agency
The federal US government insists 60% of all new car production must be electric by 2030 – six years away. I have explained numerous times how this is unsustainable for [...]
