Business World News

The lira lost nearly 30 percent of its value against the United States dollar in November.  But why? How? What's next? Well, we are going to look deeper into it and see what is exactly happening. Turkey's lira crash After the last Turkey's currency crisis they h ad in 2018, Turkey's currency lira is falling again and this time it's serious. According to people and expert s   President Recep Tayyip Erdogan didn't handle the economy as he should. On the contrary, Erdogan has blamed  the lira’s troubles on foreigners and their supporters in Turkey. How did the lira lose so much of its value?   The lira’s recent troubles were triggered after Turkey’s central bank cut interest rates by a full percentage point on November 18 – the third cut since September – and signaled it would slash rates again in December. But what have interest rates have to do with the currency's value?   When a central bank lowers interest rates, money generally becomes less expensive ...

Inflation is something that is been in our lives a long time ago but still, we don't care but we should. Prices of houses, services, goods and many more are only going up every year. Approximately inflation increases every year by about 6.2%! Like this, the money that we have saved in our bank account loses value over time. Now you thinking 'But banks give an annual return of 0.01% interest', yes well that's right but in front of 6.2% annual decrease of your money value, it isn't really a lot. But how exactly does inflation works and what can we do? Inflation Prediction 3% may not really be a lot but today since the prices going up and minimum wages remain the same then yeah it is a lot. But let's take a closer look.  $1,000 in 2011 is equivalent in purchasing power to about   $1,229.62   today, an increase of $229.62 over 10 years. The dollar had an average inflation rate of   2.09% per year   between 2011 and today, producing a cumulative price increase of ...

  Wall Street experts believe the stock market is soon going to crash due to a lot of reasons. But what are these reasons exactly? Let's break them through and see the 3 most important reasons that potentially can crash the stock market in the following months.   1. Omicron/variant spread. In the early weeks of COVID-19, the stock market was hit badly due to the fear of people and because the situation was bad. Lockdowns, masks, helplessness, stocks in the supermarkets were extremely low, everything closed and the people went crazy. Soon the stock market revived back to normal with the time. With the recent discovery from the scientists about the Omicron variant in South Africa which apparently is 20x more spreadable than the other covid variants. Experts suggest the world take more strict measures to prevent this variant spread the world.  Now, what about the stock market?  Well, it is already hitten as the  S&P 500  has already fallen 4 % ! As ti...