The Fed and the interbank market: deciphering accounting manipulations
Abstract Large US banks and hedge funds have suffered heavy losses, especially on derivatives. They lack liquidity. Only the Fed is providing them with liquidity,…
Eurodollars and banksters: from coronavirus to banking tsunami
This article is part of the Premium and Gold subscriptions]. Since the beginning of this coronavirus story, I have said…
Turkey: War of Ideas, Monetarist War
Abstract Turkey’s leaders give the impression that they have not understood the reasons for the success of the monetary policy they have pursued for the…
Turkey: inflation, devaluations, central bank and new solutions
Abstract The Turkish lira continues to lose value against hard currencies, which is beginning to present many problems. One solution is to allow Turks to…
Turkey: growth economy
The French journalist Pierre Jovanovic published reports praising Turkish banks and the growth of this country inhabited by a large majority of Muslims. Indeed, Turkey’s…
Turkey: monetary aggregates and growth
The French journalist Pierre Jovanovic was amazed by the dynamism of Turkey and he drew praise for the Turks. I present in this article the…