Turkey raises interest rates to 24%

Sgt Wayne Wood good Turkey situational read/share today.

Is Jimmy Carter advising them on economic matters?

HumanEvents

“If the “proof of the pudding is in the eating,” the statistics on the Carter Administration were nauseating. Automobile prices increased 72%. New house prices went up 67%. In 1979 alone, gasoline prices increased 60%. The inflation rate went from 6.8% in 1977, to 7.6% in 1978, to 11.5% in 1979, to 12.4% in 1980. National productivity declined sharply. The unemployment rate was roughly double what it is today under President Bush. Interest rates soared. By the time Carter left office, the prime rate was 21.5% — a new record.”

Can you say, "that won't help"