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[jumanji0881]

With Turkish PPI Hitting A Shocking 132%, Erdogan Goes After Short-Sellers As Hyperinflation Craters The Lira
https://www.zerohedge.com/markets/turkish-ppi-hitting-shocking-132-erdogan-targets-short-sellers-hyperinflation-sends-lira

My Comment: Turkey is on the verge of economic collapse. Other oil importing countries are under pressure (think Japan).

Excerpts:
The biggest drivers of the latest surge in inflation were food and energy, exacerbated by the global rally in commodities and the Russian invasion of Ukraine. Turkey is a major importer of oil.

With neither Erdogan nor anyone else in Turkey, willing to make sacrifices and stabilize prices, the currency, or the economy, the lira will be the first modern FX major currency to crater and lose all its value under the unbearable weight of hyperinflation.