Joe Blogs delves into the aftermath of President Erdogan’s e------n victory in May 2023. Following his win, a new Head of the Turkish Central Bank was appointed, leading to a shift in the Economic Policy. Over the course of the past 9 months, Interest Rates have been raised to 50%. Surprisingly, instead of curbing inflation, this decision has resulted in a staggering 16-month high of 69.8% inflation and a significant decline in the value of the Lira. Join me as I provide a comprehensive analysis of the current situation, explore the reasons behind the failure of the new policy, and assess the future prospects of the Turkish Economy.
The Atlantis Report provides updates on the United States economy, which is vast and constantly evolving. Various indicators assist in forecasting future developments. These economic gauges range from the stock market’s fluctuations to the quarterly reports of prominent corporations. They enable us to assess the overall health and trajectory of our nation’s financial well-being. Nevertheless, there are instances when a warning sign emerges, prompting us to reevaluate our assumptions. Currently, this foreboding signal originates from an unexpected source.
Reventure Consulting has recently analyzed the latest earnings report released by Target, which has raised significant concerns. The report indicates a decline in sales and a decrease in foot traffic, pointing towards potential issues with the health of the US consumer in the year 2024.
Adam Taggart is interviewed by Sachs Realty to discuss the issue of the Middle Class being burdened by debt while the wealthy continue to accumulate more wealth. The conversation revolves around the question of how this cycle will ultimately come to a conclusion.
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Joe Blogs
May 28, 2024
Following his e------n win in May 2023 President Erdogan appointed a new Head of the Turkish Central Bank who decided to change the Economic Policy. Over the past 9 months Interest Rates have been increased to 50% however rather than reducing inflation it has actually caused inflation to rise to a 16 month high of 69.8% and also caused the Lira to CRASH. In this video I provide more details on the current situation, discuss WHY the new policy has not worked and look at the outlook for the Turkish Economy.
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The Atlantis Report
May 28, 2024
In the vast and ever-changing United State economy, certain indicators help us predict what lies ahead. From the fluctuations of the stock market to the quarterly reports of major corporations, these economic barometers help us gauge the health and movement of our nation’s financial well-being. However, a warning sign occasionally forces us to take a step back and reassess our assumptions. This time, the ominous signal is coming from an unlikely place.
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Reventure Consulting
May 28, 2024
Target just issued a very concerning earnings report. Stating that their sales dropped and fewer customers are coming into the store. A concerning signal about the health of the US consumer in 2024.
In particular – Target is warning that inflation-battered consumers across America are now starting to cutback on spending. A signal that the economy might not be as strong as people think. With higher interest rates set by the Federal Reserve starting to take their toll on spending.
This suggests that the economy is slowing fast. Something that is apparent to many Americans, with consumer sentiment/confidence among Americans reporting based on personal experience already being in Recession/Depression levels.
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One reason confidence is declining is because of inflation. Another is because of record credit card debt and skyrocketing delinquencies. A trend observed by the Federal Reserve Bank of St. Louis.
Interestingly – Walmart, Target’s rival, had a good earnings report. With sales increasing by 4% YoY compared to a 4% decline from Target. Suggesting there’s different things happening in the economy based on the consumer and what stores sell.
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Sachs Realty
Streamed live May 28, 2024
Middle Class is being enslaved to debt as the rich get richer. How will this end?
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