If you appreciate the video, consider buying me a 'coffee' at ko-fi.com/moneymacro or supporting long-term for membership benefits via: patreon.com/moneymacro
The FED does not control interest rates. It only influences them. The media really blurs this distinction. We currently have a great example in progress of a condition where FED discount rate cuts would be chasing the rest of the bond markets for a while. Not influencing and certainly not controlling. Topic idea?
The flow of money from the equality market to safety (bonds) is driving down interest rates while the FED is on hold. This is a very interesting lab experiment in real time. If the FED lowers its fed fund rate will it have any effect on interest rates at all? How much of a rate cut will be necessary for the FED fund rate to catch up and be able to "influence interest rates again"? Sarcasm aside. I love a good experiment.
I'm no economist. But as a firearms enthusiast, I can tell you that Turkey has quietly become a huge exporter of firearms and other military weapons, $5.5 billion in 2023 alone, up 27% from 2022.
@@Nottheworst4565 As more of a small arms guy I can tell you that Canik is one brand of pistols that is thought of as highly as brands such as Glock, Sig Sauer and other top brands. Well done. I hope that private Turkish citizens are able to possess such defensive arms.
@@kenttheboomer721 firearms are highly regulated in Turkey, similar to laws in Europe. But there is a pretty large underground market due to organized crime and old family connections.
Weaker Russia equals booming arms export from secondary arms manufacturer countries like Turkey, South Korea or Spain. Their prices are significantly cheaper and many of the weapons are more advanced compared to the russians one.
Me, a Turk, not feeling an inch of the comeback. My friend subsidised my trip to Greece with him, and I was shocked to see how it was cheaper than Turkey overall, with higher minimum wages. And Greece is not a rich nation in European standards per se. Things are more expensive in Turkey in terms of dollars. Food is nominally cheaper in Britain than it is in Turkey, which should be an agricultural and meat superpower.
@@hungrygrimalkin5610Erdoğan wasted Turkeys huge potential but yeah Turks love to overdramatize, I also went to Greece and the Turkish riveara and didnt feel too much of a difference
It is not a conspiracy theory. No one is arguing that Turkey''s situation is fine or that everyday life got a massive improvement. Your minimum wage marginally increased, which you are not going to feel the impact of. If things go as they are, you will see a difference in 2-3 years (give or take another year). That is the point that is being made right now by experts.
Thats not how it works. The average local will not see immediate changes. Fact of the matter is, Turkeys inflation is sharply decreasing (71% to 61% decrease from June to July), so it's only a matter of time until it reaches a point where inflation is under control.
I love this style. I was aware of most of these current economic situations, but I appreciate your take on each one of them. Please keep it going! I will definitely continue to tune in.
Your sentence at 2:12 "new Turkish finance minister has raised interest rates by a lot" summarizes the inflation problem very well I think. We technically have a central bank that is supposed to be managing the interest rates, but it has not been doing its job in the last few years and no one is even aware of its existence anymore :)
this is economic talk, yes, the economy will probably have a comeback at this rate, but it will be on the expense on the working citizens. expect to be poorer than ever for the next 2-3 years until the economy is good again.
It entered the disinflation period in the last two months and the foreign institutes' end-of-year estimates are down to 36% and 24% for next year. And the minimum and average wage went up about 70-80% in dollar-euro terms in two years. Credit rating agencies have been positive with their ratings; the CDS score is the lowest of the last few years. Gross and net Central Bank reserves have also been going up. Exports have also gone up significantly, along with major military exports (11th in the world and 8th strongest military technologically).
@@juliuse.o.fintelmann8083 It takes time for citizens to feel the difference, Erdy's bro-in-law and himself caused great damage prior. The current government is temporary and nearing its expiration date and Erdogan is not immortal. This country has seen so much since the 1970s in terms of coups, economic crises, major terror attacks, billions of dollars spent in 4 decades, and big embargoes imposed by its so-called allies since the Cyprus War. We saw double-digit inflation for more than 20 years non-stop, and 1 USD went from 140 liras in 1981 to 1.75 million in 2001 (12,000 times). And then there are the obvious problems experienced because of the current government. All I'm saying is the current cabinet is mostly good (except for Education) and the finance minister is doing the right things. He can not control how much Erdy wants to spend on his palaces.
@@juliuse.o.fintelmann8083 They're still able to afford things, but it's getting harder, and with prices soaring, there's no disposable income left to save.
You forgot the large foreign reserves influx in Turkey due to their citizenship by investment program. Especially with the central bank account hedging the interest rate risk.
@@fethimubin According to imidaily (title "Russians, Iranians and Iraqis: The top citizenship by investment property investors in Turkey") a total of 35 000 people got naturalized (2023).If you calculate 250 000 USD investment per person, we are talking about 9 billion USD worth of investment.
Turkey's high inflation is a result of falling out of favor temporarily with the western banking interests. It is interesting that Turkey's currency is showing signs of improvement now that NATO needs something.
they raised the bar for citizenship by investment, do you imply citizenship takers now put in more money into the economy as opposed to before the hike?
Inflation in July decreased to 61%, thats a 10% decrease from June (71%). Thats far beyond expectations and it seems like, unless something crazy happens, Turkey should be able to handle inflation.
One weird thing about Turkish economy now is that in the past whenever we had inflation USD/TRY would shoot up but for the past year they actually managed to hold the value of lira up. This caused everything to be expensive even in US dollars.
Çünkü her şeyi satarak ve borçlanarak ülkeye çok fazla döviz sokuyorlar ve o dövizi kuru düşük tutmak için harcıyorlar, ülkenin kaynaklarını, parasını dipsiz kuyuya atıyorlar!
Yes, they managed to hold the Lira exchange rate and they will only lower it as they wish. Unless there is a civil war or some major internal external factor, there is no way the Lira will fall again significantly as some wish it to.
Big fan of this format Joeri. High value economic news from a trusted source like yourself without spin or propaganda is a real gap in the youtube ecosystem I feel. Once per month might give you enough space between episodes for there to be meaty new stories to cover and enough developments in previous stories for substantive updates.
Hey Dr. Schasfoort, I started watching you during COVID and really appreciate your objective view on global economics and geopolitics. I must say you look so much better than when I started watching your videos. Keep up the good work and don't stop doing what you are doing!
Russian economy has been overheating since the last fall largely due to military spending and labor shortages. I’d really like to hear your thoughts on 2008 SNA and all the associated problems with GDP growth accounting. In my opinion, including military expenditures into gross fixed capital formation was a wrong decision.
If you don't do that, then you also need to accept that the us never fixed the great depression. Cos it was military spending that did that. And that's just one example of the inconsistencies that arise if you create that arbitrary exclusion from economic data.
@@ArawnOfAnnwn You could argue that after WW2 the economy managed to recover still then. After all clearly post war it wasn't a depression economy any more.
I can only echo other people here in the comments. This rapid style, but still deep macro take on the news is so much better than what I see anywhere else. Thank you. I hope to see more of these and I'm considering donating for the first time.
I really like these "economic news" type of video. Maybe make it a weekly thing? I'd love to hear about the EU's "failing economy" compared to the US, and why they hired Mario Draghi to "fix this". Will Bulgaria join the euro? etc
Having just turned 41 and got laid off, I'm at a turning point. With 425K saved for early retirement at 50, 10K in an HSA, and a property that could sell for an extra 200K, what are my options for investing aggressively?
Not going back to work. I'm unsure whether to consolidate all my investment accounts into one. If I do, how should I handle it and what should I be aware of? I also plan to sell my property, which could bring in an extra 200K over time. Should I combine everything into one account or spread it out across different investments?
These are key questions for a financial planner. I connected with mine at a summit, and with her help, my wife and I reallocated our 1.7M portfolio between a traditional IRA and brokerage account. She’s been managing the investment with our approval and has helped us recover twice our losses. Currently hodl’ing steady and cautiously navigating the market
This economic update-format is great, really appreciate you using your extensive economic knowledge to put current events in a broader economic context. Hope you continue with this format!
I like the format, but I uncomfortable with the term “update” in the title. To me, it makes it sound like a news update. Although you use some recent facts, your approach is more of an editorial commentary. I would like this kind of video once per month, but not every week or two weeks, unless major changes warrant it. Thanks for the great content.
@@bellasyennefer4571Ekonominin düzelmesi yaşam standartlarına aynı oranda yansımıyor kanka adam sadece bakkal gözüyle bakıyor ülke zengin halk fakir işte
Arkadaşlar ben savaş ekonomisi üzerinde olduğumuzu düşünüyorum. Ben şuan devletin kasasında gayriresmi olarak inanılmaz bir para birikimi olduğunu düşünüyorum
I like this format as it affords the opportunity to see connections between economic shifts around the world. However I hope it doesn't come at the expense of your deep dives.
There are a point when government so corrupt, that it's appeared to be less corrupt, than it's really are. Russian government just made up a lot of statistics. Real inflation are much higher. For example, they include many things that people don't really buy, but which is stable in price, so overall inflation seems lower.
Turkey is currently in a war economy, which is why inflation increase and its continuation are normal. The economic size of a country is measured by its production capability, and based on this measure, it is inevitable that Turkey's economy will grow extremely rapidly once it frees itself from the risk of war. In other words, when the risks surrounding Turkey are resolved or when Turkey prepares its 5th generation aircraft and secures its airspace with 6th generation aircraft, it will focus on its domestic production and the development of the civilian industry. What follows will cause Turkey to experience extremely rapid growth, as we are talking about a country that is already influential in world technology. The economic collapse of this country is not possible. The current economic situation in Turkey is entirely cyclical; every night has its dawn. It appears that Turkey will rise from the ashes like the phoenix, and it would not be surprising if, in the initial stage, it enters the top 10 largest economies in the world. By 2040, it is expected to be among the top 5 largest economies. Turkey is rapidly addressing its technological gaps and is also advancing economically at a fast pace. The current economic fragility stems from the dizzying speed of this progress.
It's a good format of content. It's just like tech alta and the friday check out. It turns out that the shorter news report could be done more often, and even surpassing the main analytical videos.
de template waar je mee aan het experimenteren bent vind ik heel leuk. ik zie graag meer van jou mening over economische zaken in de wereld. ik kijk ook graag naar sabine hossenfelder, een skeptische natuurkundige die een hele hoop uitlegt met een beetje humor en brandende kritiek op andere mensen die onzin vertellen. Nog even een toevoeging: voor mij is het veel waard dat ik iemand van gezicht ken waarvan ik nog geen bullshit heb gehoord die mij dingen uitlegt over wat er in de wereld gaande is. een beetje het omgekeerde van je informatie over de economie van tiktok halen.
LOVED the format! Congrats! Please don't forget to make videos on detailed explanations, as it exposes the most recent literature in a way that I can digest. BTW, my professor (Francisco José Veiga) was sad when I took my masters in Economy and Public Policies, because inflation wasn't that relevant (in 2008)... I bet he can no longer hold his smile now
One of the reason of Turkeys comeback is tourısm. It is summer time and turists with their dollars and euros help Turkish economy a lot. Another reason is as the Turkish economists call it " Carry-trade". Turkish government promised foreign investers that it will keep foreign currencys value fixed. So what is happening here is this . Foreign investers bring their foreign currencies to Turkey, they buy Turkish lira then put it in a bank for interest rate. After the end of the fixed term they withdraw their Turkish lira with interest rate then buy back their dollars and euros. It saves the day but it is going to end in disaster for Turkish economy.
If you appreciate the video, consider buying me a 'coffee' at ko-fi.com/moneymacro or supporting long-term for membership benefits via: patreon.com/moneymacro
❤️🇹🇷❤️🇹🇷❤️🇹🇷❤️🇹🇷
The FED does not control interest rates. It only influences them. The media really blurs this distinction. We currently have a great example in progress of a condition where FED discount rate cuts would be chasing the rest of the bond markets for a while. Not influencing and certainly not controlling. Topic idea?
The flow of money from the equality market to safety (bonds) is driving down interest rates while the FED is on hold. This is a very interesting lab experiment in real time. If the FED lowers its fed fund rate will it have any effect on interest rates at all? How much of a rate cut will be necessary for the FED fund rate to catch up and be able to "influence interest rates again"? Sarcasm aside. I love a good experiment.
I'm broke but I do think you do a great job of making this both accessible and valuable.
Next don’t use Putin, picture. You are too coward to put him without a clown glasses that you probably have at home.
I'm no economist. But as a firearms enthusiast, I can tell you that Turkey has quietly become a huge exporter of firearms and other military weapons, $5.5 billion in 2023 alone, up 27% from 2022.
As a Turkish citizen, i can confirm that defense industry have a large political and economical role in Turkiye.
@@Nottheworst4565 As more of a small arms guy I can tell you that Canik is one brand of pistols that is thought of as highly as brands such as Glock, Sig Sauer and other top brands. Well done. I hope that private Turkish citizens are able to possess such defensive arms.
@@kenttheboomer721 firearms are highly regulated in Turkey, similar to laws in Europe. But there is a pretty large underground market due to organized crime and old family connections.
@@kenttheboomer721 No. Most Turkish citizens cannot obtain firearms weapons.
Weaker Russia equals booming arms export from secondary arms manufacturer countries like Turkey, South Korea or Spain. Their prices are significantly cheaper and many of the weapons are more advanced compared to the russians one.
Me, a Turk, not feeling an inch of the comeback. My friend subsidised my trip to Greece with him, and I was shocked to see how it was cheaper than Turkey overall, with higher minimum wages. And Greece is not a rich nation in European standards per se. Things are more expensive in Turkey in terms of dollars. Food is nominally cheaper in Britain than it is in Turkey, which should be an agricultural and meat superpower.
Greece is chaep? Not for me living there. It seems we have the same problems dude.
@@hungrygrimalkin5610Erdoğan wasted Turkeys huge potential but yeah Turks love to overdramatize, I also went to Greece and the Turkish riveara and didnt feel too much of a difference
It is not a conspiracy theory. No one is arguing that Turkey''s situation is fine or that everyday life got a massive improvement. Your minimum wage marginally increased, which you are not going to feel the impact of. If things go as they are, you will see a difference in 2-3 years (give or take another year). That is the point that is being made right now by experts.
Bırakın şu ezberleri, aklınızı çalıştırın
Thats not how it works. The average local will not see immediate changes. Fact of the matter is, Turkeys inflation is sharply decreasing (71% to 61% decrease from June to July), so it's only a matter of time until it reaches a point where inflation is under control.
I love this style. I was aware of most of these current economic situations, but I appreciate your take on each one of them. Please keep it going! I will definitely continue to tune in.
@@iridium8341can you elaborate with specific instances and refutations or do you just make edgy comments…?
Agreed. I need his takes on these matters because he often gives context I wasn't aware of.
Your sentence at 2:12 "new Turkish finance minister has raised interest rates by a lot" summarizes the inflation problem very well I think. We technically have a central bank that is supposed to be managing the interest rates, but it has not been doing its job in the last few years and no one is even aware of its existence anymore :)
"turkey's economic comeback" - *inflation is at over 60%, hunger threshold is over minimum wage*
this is economic talk, yes, the economy will probably have a comeback at this rate, but it will be on the expense on the working citizens. expect to be poorer than ever for the next 2-3 years until the economy is good again.
It entered the disinflation period in the last two months and the foreign institutes' end-of-year estimates are down to 36% and 24% for next year. And the minimum and average wage went up about 70-80% in dollar-euro terms in two years. Credit rating agencies have been positive with their ratings; the CDS score is the lowest of the last few years. Gross and net Central Bank reserves have also been going up. Exports have also gone up significantly, along with major military exports (11th in the world and 8th strongest military technologically).
@@timlaw406 so what. people can't afford food or rent anymore.
@@juliuse.o.fintelmann8083 It takes time for citizens to feel the difference, Erdy's bro-in-law and himself caused great damage prior. The current government is temporary and nearing its expiration date and Erdogan is not immortal. This country has seen so much since the 1970s in terms of coups, economic crises, major terror attacks, billions of dollars spent in 4 decades, and big embargoes imposed by its so-called allies since the Cyprus War. We saw double-digit inflation for more than 20 years non-stop, and 1 USD went from 140 liras in 1981 to 1.75 million in 2001 (12,000 times). And then there are the obvious problems experienced because of the current government. All I'm saying is the current cabinet is mostly good (except for Education) and the finance minister is doing the right things. He can not control how much Erdy wants to spend on his palaces.
@@juliuse.o.fintelmann8083 They're still able to afford things, but it's getting harder, and with prices soaring, there's no disposable income left to save.
You forgot the large foreign reserves influx in Turkey due to their citizenship by investment program. Especially with the central bank account hedging the interest rate risk.
Great video btw
Is there any statistics for this? I don't think citizenship investments on real estate are particularly high in the last year.
@@fethimubin According to imidaily (title "Russians, Iranians and Iraqis: The top citizenship by investment property investors in Turkey") a total of 35 000 people got naturalized (2023).If you calculate 250 000 USD investment per person, we are talking about 9 billion USD worth of investment.
Turkey's high inflation is a result of falling out of favor temporarily with the western banking interests. It is interesting that Turkey's currency is showing signs of improvement now that NATO needs something.
they raised the bar for citizenship by investment, do you imply citizenship takers now put in more money into the economy as opposed to before the hike?
Would love to see this type of video once a week or twice a month!
Weekly, for sure!
Inflation in July decreased to 61%, thats a 10% decrease from June (71%). Thats far beyond expectations and it seems like, unless something crazy happens, Turkey should be able to handle inflation.
War in the Middle East: let me introduce myself...
One weird thing about Turkish economy now is that in the past whenever we had inflation USD/TRY would shoot up but for the past year they actually managed to hold the value of lira up. This caused everything to be expensive even in US dollars.
Çünkü her şeyi satarak ve borçlanarak ülkeye çok fazla döviz sokuyorlar ve o dövizi kuru düşük tutmak için harcıyorlar, ülkenin kaynaklarını, parasını dipsiz kuyuya atıyorlar!
Yes, they managed to hold the Lira exchange rate and they will only lower it as they wish. Unless there is a civil war or some major internal external factor, there is no way the Lira will fall again significantly as some wish it to.
Puhhahah am yiyen
Big fan of this format Joeri. High value economic news from a trusted source like yourself without spin or propaganda is a real gap in the youtube ecosystem I feel.
Once per month might give you enough space between episodes for there to be meaty new stories to cover and enough developments in previous stories for substantive updates.
This is a great format!!!
this format is very cool
I like this type of video a lot! Brief and to the point. Please do this once or twice a month.
Hey Dr. Schasfoort, I started watching you during COVID and really appreciate your objective view on global economics and geopolitics. I must say you look so much better than when I started watching your videos. Keep up the good work and don't stop doing what you are doing!
Thank you so much for your kind words! Very cool that you have been watching so long already.
@@MoneyMacro you are welcome! Time flies when you are having fun haha!
Love this economic updates format. All the important economic stories nicely packed in an 11 mins video. What else can you ask for
Do a weekly world economy news video.
Pls not
I'd prefer his longer single-topic, in-depth videos. They're great quality. For weekly updates I just read the news.
Monthly is better or seasonly
@@ayankhaznawiyeh more could happen in a month or a few months than a week
You seem to be afraid of whatever is about to come from above.
I love this format please keep it up as well along with vidos more focused on a singular topic
Russian economy has been overheating since the last fall largely due to military spending and labor shortages. I’d really like to hear your thoughts on 2008 SNA and all the associated problems with GDP growth accounting. In my opinion, including military expenditures into gross fixed capital formation was a wrong decision.
Yeah it's crazy lol the number of people that have volunteered in Ukraine for Russia is crazy because it pays well.
If you don't do that, then you also need to accept that the us never fixed the great depression. Cos it was military spending that did that. And that's just one example of the inconsistencies that arise if you create that arbitrary exclusion from economic data.
@@ArawnOfAnnwn
Good points, but the US recovery and growth went on after due to obvious reasons. Russia has a lot of competitors.
@@ayankhaznawi When the military salary is 10x the salary in a factory...
@@ArawnOfAnnwn You could argue that after WW2 the economy managed to recover still then. After all clearly post war it wasn't a depression economy any more.
Thanks, I really appreciate these updates. I'd like you to continue :)
Yes. I'd like to see more of it. Love your content and thanks for creating!
Love the med form rapid fire of various points, keep it up!
I really like this New format!!! It's great! Actual facts and a couple of countries!!
Hey Joeri, I love this type of content. So as a former Patreon I would like to urge you make these kinds of macro-economic updates routinely 👏
I can only echo other people here in the comments. This rapid style, but still deep macro take on the news is so much better than what I see anywhere else. Thank you. I hope to see more of these and I'm considering donating for the first time.
@@sfladvad thank you!! More to come :)
Excellent video format! More like this format please.
I really like these "economic news" type of video. Maybe make it a weekly thing? I'd love to hear about the EU's "failing economy" compared to the US, and why they hired Mario Draghi to "fix this". Will Bulgaria join the euro? etc
I love this summary of big economic / financial news. Would love to see this every two weeks or every month!
I really love this style of video! It makes me feel up to date with the current economic situation of the world.
The format of this video is great. Please continue this on a regular basis. Thanks.
Nice video. I like that you keep the news as neutral as possible without getting into politics nor personal views.
This type of format is great! I would watch one weekly
4:45 I guess we discovered Patrick Boyle's real identity, guys.
I like this format. Smaller news like topics with context. More of this please.
Thank you for this update! It's really fascinating, particularly when you can compare the situation in different countries to each other.
Having just turned 41 and got laid off, I'm at a turning point. With 425K saved for early retirement at 50, 10K in an HSA, and a property that could sell for an extra 200K, what are my options for investing aggressively?
It makes sense to consider a financial advisor at this stage, but delaying retirement might be a smarter choice
Not going back to work. I'm unsure whether to consolidate all my investment accounts into one. If I do, how should I handle it and what should I be aware of? I also plan to sell my property, which could bring in an extra 200K over time. Should I combine everything into one account or spread it out across different investments?
These are key questions for a financial planner. I connected with mine at a summit, and with her help, my wife and I reallocated our 1.7M portfolio between a traditional IRA and brokerage account. She’s been managing the investment with our approval and has helped us recover twice our losses. Currently hodl’ing steady and cautiously navigating the market
That’s impressive! My portfolio has been struggling. Who is your advisor?
Leah Foster Alderman. Look her up online, she's well-known.
What I like the most is the global economic vision to explain the mondial economies.
This economic update-format is great, really appreciate you using your extensive economic knowledge to put current events in a broader economic context. Hope you continue with this format!
Thank you for smart and concise information. Please never dumify your content for a higher consumer base(if you don't absolutely need it)
I like this new format, touches on all the interesting updates worldwide.
I like the format, but I uncomfortable with the term “update” in the title. To me, it makes it sound like a news update. Although you use some recent facts, your approach is more of an editorial commentary. I would like this kind of video once per month, but not every week or two weeks, unless major changes warrant it. Thanks for the great content.
I prefer longer videos focusing on one subject. However, I appreciate the work you put into this video and would like to note the high quality.
Love this format. Please more of this.
Great format, please keep doing these updates!
Please produce more videos like this. I really appreciate that.
Great format, a weekly or bi-weekly update would be great.
The new format is appreciated. Very interesting.
Great video! It would be really nice to see this format more often.
Oh my goodness, this is exactly the type of channel I was looking for, engaging economic news!
Welcome!!
Great new format, very informative and interesting!
Please keep going. I liked this style of handing the news. I'm not a native English speaker.
vergilerimiz sanırım böyle videolara gizlice sponsor olmak için harcanıyor, ya da bu eleman çok saf
bizim ekonomi hakkında ne diyor. düzelecek miymiş
@@bellasyennefer4571Ekonominin düzelmesi yaşam standartlarına aynı oranda yansımıyor kanka adam sadece bakkal gözüyle bakıyor ülke zengin halk fakir işte
@@bellasyennefer4571 Ekonomi kağıt üzerinde gayet düzgün, hatta Türkiye dışarıya silah satabiliyor (sanırım), ancak bu ekonomik düzen halka yansımıyor
Arkadaşlar ben savaş ekonomisi üzerinde olduğumuzu düşünüyorum. Ben şuan devletin kasasında gayriresmi olarak inanılmaz bir para birikimi olduğunu düşünüyorum
Ekonomi düzeliyor
Finally you talk alot faster than you usually do. Sometimes i asked myself, if only he could talk a lil bit faster!
Nice video as always
I like this format as it affords the opportunity to see connections between economic shifts around the world. However I hope it doesn't come at the expense of your deep dives.
love it, a resume of important economic topics keep them coming
Yes I want to see more of this format
I like this new newsletter style of video, but please keep doing the in-depth ones too.
@@gregvanpaassen great. And yes absolutely will do
Nice segment. Warmly appreciated..
Echt een top format! Het is echt enorm verfrissend om een neutrale kijk op het economische nieuws te krijgen!
Good overviews! Good segment!
Absolutely love the format! Please keep it up!
There are a point when government so corrupt, that it's appeared to be less corrupt, than it's really are. Russian government just made up a lot of statistics. Real inflation are much higher. For example, they include many things that people don't really buy, but which is stable in price, so overall inflation seems lower.
Great format, like it!
I loved this format. Please keep doing this
Like this format, would love to see more - maybe at a weekly or biweekly frequency?
Thank you! Enjoyed the format!
Great new type of video, love it.
Thanks for the valuable news and analysis!
Thanks!
You just gained a new subscriber. Thank you for a great insight.
Extremely well made video and an incredible amount of info for such a short format! thank u!!! best econ ytber imo
Really good video! I like this format, so please keep it up!
Amazing content, great format!
great format. would love to see more videos like this
I am not sure but Turkey may ready for war economy last a few years. Because regional problems are looking for increase.
Love this format please keep doing them
great video, great format 🎉
Please keep these updates coming!
We all love you. Keep it up.
Man, if I had a dollar every time the media tells me that Russia's economy is collapsing, I'd be able to buy a house in Toronto.
Great format! And butter smooth transition s!
Great as always Joeri. Can you cover the Japanese carry trade?
I enjoyed this video, thank you
What a cool update! Like this a lot, happy to see more.
Turkey is currently in a war economy, which is why inflation increase and its continuation are normal. The economic size of a country is measured by its production capability, and based on this measure, it is inevitable that Turkey's economy will grow extremely rapidly once it frees itself from the risk of war. In other words, when the risks surrounding Turkey are resolved or when Turkey prepares its 5th generation aircraft and secures its airspace with 6th generation aircraft, it will focus on its domestic production and the development of the civilian industry. What follows will cause Turkey to experience extremely rapid growth, as we are talking about a country that is already influential in world technology. The economic collapse of this country is not possible.
The current economic situation in Turkey is entirely cyclical; every night has its dawn. It appears that Turkey will rise from the ashes like the phoenix, and it would not be surprising if, in the initial stage, it enters the top 10 largest economies in the world. By 2040, it is expected to be among the top 5 largest economies. Turkey is rapidly addressing its technological gaps and is also advancing economically at a fast pace. The current economic fragility stems from the dizzying speed of this progress.
I like this style of videos.
Excellent content ⭐⭐⭐⭐⭐
More of these economic stories....Pleeeeease 😊
11:08 Loved it, very brief and informative.
The title is concise and accurate Just don't make it click-baity in future episodes 😄👍
Just after this video is released the Birr has lost nearly 100% of its value 😂
Haha 👍
30% of it's value, 100% would be a complete halting of the currency
@@tomwalsh96 I don't think you know how percentages work.
@@shafsteryellowtomwalsh is right, though. The birr has gone from 55 to 80 per USD over the past year. That’s pretty much 30%.
Damn are essential items still affordable?
I like this format.
Really enjoyed this format, keep up the great work!
It's a good format of content. It's just like tech alta and the friday check out. It turns out that the shorter news report could be done more often, and even surpassing the main analytical videos.
love the format keep them up !
de template waar je mee aan het experimenteren bent vind ik heel leuk. ik zie graag meer van jou mening over economische zaken in de wereld. ik kijk ook graag naar sabine hossenfelder, een skeptische natuurkundige die een hele hoop uitlegt met een beetje humor en brandende kritiek op andere mensen die onzin vertellen.
Nog even een toevoeging: voor mij is het veel waard dat ik iemand van gezicht ken waarvan ik nog geen bullshit heb gehoord die mij dingen uitlegt over wat er in de wereld gaande is. een beetje het omgekeerde van je informatie over de economie van tiktok halen.
LOVED the format! Congrats! Please don't forget to make videos on detailed explanations, as it exposes the most recent literature in a way that I can digest.
BTW, my professor (Francisco José Veiga) was sad when I took my masters in Economy and Public Policies, because inflation wasn't that relevant (in 2008)... I bet he can no longer hold his smile now
One of the reason of Turkeys comeback is tourısm. It is summer time and turists with their dollars and euros help Turkish economy a lot.
Another reason is as the Turkish economists call it " Carry-trade".
Turkish government promised foreign investers that it will keep foreign currencys value fixed.
So what is happening here is this . Foreign investers bring their foreign currencies to Turkey, they buy Turkish lira then put it in a bank for interest rate. After the end of the fixed term they withdraw their Turkish lira with interest rate then buy back their dollars and euros. It saves the day but it is going to end in disaster for Turkish economy.
Economic update is a tremendously good idea..I just think transitions between updates should be more distinct and less subtle
A great new format. But don't do it a lot . It's good to see the long in depth videos too.
Keep up this style!
I like the suit; it's very stylish!
Of course, this is another great video on the economies of the world. 🙌