Given that Turkey is at the center of a market storm that could develop into a hurricane, it is of utmost importance to understand how news from the Ottoman lands is edited (read: censored). As evidence, I will reproduce an invited, exclusive interview that Bloomberg conducted with me.
Singapore pulled off a brilliant Trump-Kim summit in all respects, including the bottom line. Indeed, the government of Singapore spent $15 (USD) million, and according to estimates by Meltwater, that expenditure generated $568 (USD) million for the city-state. Not a bad return for a few days’ work.
The People’s Bank of China has come close to hitting the “golden growth” rates for broad money growth. Indeed, the People’s Bank of China knows how to hit the target and keep the economy running not too hot, not too cold.
Argentina is in the grips of yet another currency crisis. Since April, the peso has lost 26.2% of its value against the greenback. Argentina’s Central Bank should have been mothballed and put in a museum long ago.
When it comes to inflation, the Iranian authorities are producing lying statistics. The official annual inflation rate is 7.9%. My measurement, which is based on Purchasing Power Parity (PPP) is 95.8%. That’s over 12 times higher than the official lie.