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54 sats \ 1 reply \ @TheBTCManual 3 Jun \ on: Turkey's inflation passes 75% in what economists believe is peak econ
If you're rates are 50% and official inflation is 75, its probably more than that on the ground, wouldn't you be borrowing your tits off at this point to buy any assets and just service the minimum of that loan that's getting debased with time?
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0 sats \ 0 replies \ @siggy47 OP 3 Jun
I think it's academic. I don't imagine many loans are closing denominated in the turkish lira. @JoeNakamoto's recent video talks about the reality on the ground: https://youtu.be/hhnusCXB_QU?si=Rc65xueH0-yse350
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