Bonfire Of The Central Bank Vanities Begins: Turkey's President Fires Its Governor Owing To Failing Economics

Turkey on Saturday fired its central bank governor as policy differences between the government and the bank deepened in the face of an economic slump, volatility in the lira currency and high inflation.....No official reason was given for the sacking, but markets have speculated over recent weeks that Cetinkaya may be pushed out by the government because of his reluctance to cut rates.

 

 

 

 

 

 

https://www.reuters.com/article/turkey-cenbank-governor-idINKCN1U103C?utm_campaign=trueAnthem%3A+Trending+Content&utm_content=5d2079820ca7240001caaca3&utm_medium=trueAnthem&utm_source=twitter

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.