Category: Events
New collapse of the Turkish lira: S&P downgraded the credit rating outlook
The Turkish lira collapsed 7 percent Monday morning to a new all-time low of 14.99 per dollar. During the day, the lira rebounded slightly to settle at 14.33 to the dollar, but the value of the currency continues to fluctuate, Deutsche Welle writes.
U.S. inflation shows fastest acceleration in 40 years
U.S. consumer prices in November rose at the fastest pace in nearly 40 years, putting political pressure on the Joe Biden administration.
Saxo Bank predicts a constitutional crisis and inflation above 15% in the U.S.
The inflation in the U.S. will exceed 15% in 2023, and the midterm elections will lead to a constitutional crisis. Those are the assumptions contained in Saxo Bank’s unofficial forecast, “Shocking Predictions,” published Thursday.
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The discussion will include current scenarios for the global economy, vulnerabilities and risks of banking activities,
restructuring and promising models for dealing with bad loans, malpractice in the financial services market and other relevant issues.