re: #188 Dr Lizardo

A brief story from the world of international finance that didn’t get a lot of attention, especially with tensions between Turkey and the US over Turkey’s purchase of a Russian air-defense system.

reuters.com

This hits Turkey’s already tottering economy even harder, because if the rating is in the “speculative” zone, large institutional investors, things like pension funds, cannot invest in the country’s bonds.

Hmm, Turkey is run by religious conservatives. Surprised I am not that conservatism fails in economics in every country where it is applied.