Low savings rate …Borrowed Consumption Driven GDP Growth

We read everywhere that when macroeconomic data related consumption picks up we find Christmas type of celebration happening and hence the market concludes that economic growth is picking up. The market reads this data with huge confidence that people and economy are all in safety zones and the long-term prosperity of the economy is intact and the boom phase of the consumption...

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RESULT OF END OF EASY MONEY...TURKEY

Chinese tune is going to spook slowdown and Turkey has just begun the music.  When easy money becomes a burden financial contagion spills over. Borrowed living or consumption as an individual and as a country is always costly and comes up always with a bailout.  Turkey ongoing chaos would lead to a massive problem for Europe and other countries.  According to Data from the Bank of International,...

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