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Tuesday, September 13 2011 , Your time is 15:58:00
A reader asked me not to write about “useless topics” such as summer book recommendations, the relationship between democracy and growth and the economics of weed or love- and “show him the money” instead.
The summer is almost over, but I guess some of my readers have not had a chance to hit the beach, as I am still getting questions on book recommendations on Turkish politics and economy.
My latest column, in which I argued that the Turkish Lira would continue to slide until the Central Bank intervened with a significant interest rate hike, may have seemed pessimistic. But compared to a report and article that I read over the weekend, it is actually optimistic.
After hitting 3 for the first time ever in the early hours of Aug. 20, the Turkish Lira-dollar exchange rate recovered somewhat during the day. Several readers have asked me if the lira’s slide would continue. Well… yes and no.
Unlike Mark Twain’s experience with New York, returning to Washington D.C. after an absence of a mere six months in April I found quite of bit of moral decadence: Cannabis had been legalized
He surely has made a lot of money, but investment guru Mark Mobius has now made history. Speaking to state-run press agency Anadolu Agency, he said that Turkey’s economy was not fragile.
Singapore celebrated the semi-centennial of its independence over the weekend. Under the leadership of its founder, Lee Kuan Yew, who passed away in March, it rose from being a poor country with no resources to one of the wealthiest and most developed states in the world.
Economics is based on a hypothetical rational (wo)man – or at least was until behavioral economics came along.
Despite their renowned movies like “The Big Lebowski,” “No Country for Old Men” and “Fargo”, my favorite Coen Brothers flick is their latest- “Inside Llewyn Davis.” Not only does it have a great soundtrack, it also offers a couple of very important lessons in statistics
I am not a fan of conspiracy theories at all. In fact, even the London pub Grenadier’s famous Bloody Marys were not enough to convince me of some of the more plausible conspiracies during my last trip to the city.
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