Where unemployment is rising and soup kitchens are opening their doors. Welcome to the show im Stephen Beers in berlin its good to have you with us. Well turkey says its economy grew last year despite the pending mc and a whole host of economic woes the government says this morning said this morning that g. D. P. Went up 1. 8 percent in 2020 despite lockdowns and hygenic measures affecting the country through much of the year on the pandemic is of course the only challenge turkey has faced inflation and the accompanying sky high Interest Rates were also expected to dent the countrys economic outlook. Turkeys economy used to be one of the worlds up and comers expanding by around 5 percent year on year but recently ankaras economic engine has been sputtering thanks to a currency crisis and double digit inflation and that was before the Global Pandemic that the chill on the 630000000000 euro economy and blasts of cheap government backed lending may have helped the country of voyage recess
Plus do you miss him yet that is for donald trump as he took to the stage for the 1st time since leaving the white house he also hinted that he has big plans. To some coronavirus restrictions are being relaxed in germany including the barbershops and has breasts but critics are asking how wise this is given that infection rates are going up slightly and that the countrys vaccination drive is stalling. And gaddafi is welcome to the Program Police and soldiers in myanmar trying to Disperse Protesters who are back on the streets yesterday Security Forces used live ammunition against the protesters killing at least 18 people and wounding 30 others thats according to. The un around a 1000 people are believed to have been detained in the tractor on monday police and young bomb used tear gas to clear the protesters its now been a months since the military seized power in myanmar prompting daily protests calling for a return to democracy ousted civilian leader Aung San Suu Kyi appeared in a cl
Managing risk right well that was a tool developed to manage risk but when that didnt work all the time 100 percent of the time bankers got their friends like jay powell lets look at this tweet from you are you ready for monday jay powell goes but. I get my spanish comes in handy there to know how to roll those are yes but once theyre Risk Management tools starting in 1987 when the portfolio insurance crash the markets the fed came into the rescue and as the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk in the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pension Funds risk cannot be created or destroyed its persistent within the markets and options and derivatives allow you to separate risk from reward
Risk right well that was a tool developed to manage risk but when that didnt work all the time 100 percent of the time bankers got their friends like jay powell lets look at this tweet from you are you ready for monday jay powell goes but. I get my spanish comes in handy there to know how to roll those r. s but once theyre Risk Management tools starting in 1971 the portfolio insurance crash the markets the fed came into the rescue and thats the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk and the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pension Funds risk cannot be created or destroyed its persistent within the markets and options and derivatives allow you to separate risk from reward and to trade
Starting in 1987 when the portfolio insurance crash the markets the fed came into the rescue and thats the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk in the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pension Funds risk cannot be created or destroyed its persistent within the markets and options and derivatives allow you to separate risk from reward and to trade it separately thats what the options volatility formula which was a nobel winning prize winning formula is all about to split almost like a sporting energy from matter youre splitting risk from reward and so what bankers on wall street have been really good at doing is making sure that they dont have any risk and that their risk somehow alw