KLSE (MYR): AFFIN (5185)
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metaverse
188 posts
Posted by metaverse > 2024-02-26 17:04 | Report Abuse
United States elections, Tuesday, 5 November 2024
What Is the Presidential Election Cycle Theory? The theory suggests that markets perform best in the second half of a presidential term when the sitting president tries to boost the economy to get re-elected.
https://www.investopedia.com/terms/p/presidentialelectioncycle.asp
ERDOGAN’S ECONOMIC POLICIES
Turkey has been plagued by a currency crisis and skyrocketing inflation since 2021, which economists say are the result of Erdogan’s unorthodox belief that raising interest rates will increase inflation. Simsek said Turkey had no other option but to return to “rational ground.” In a sign that Erdogan’s new administration might pursue more conventional economic policies, Simsek also said there were no “shortcuts or quick fixes” but vowed to oversee Turkey’s finances with “transparency, consistency, accountability and predictability.”
https://apnews.com/article/why-is-turkeys-currency-falling-erdogan-1faf7d58144fc84479c251c3fdeabe2a