OF THE
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"It is about credit, since Turkey has been a huge borrower in global capital markets over the past number of years when the world's central banks were encouraging investors to stretch for yield," David Rosenberg, chief economist and strategist at Gluskin Sheff, said in his daily market note. "Over half of the borrowing is denominated in foreign currencies, so when the lira sinks, debt-servicing costs and default risks rise inexorably."Turkey's economy, just like all of the other major economies around the world, is utterly dependent on the flow of credit, and now lending is becoming greatly restricted.
"I get pissed off for real," Prime Minister Stefan Löfven hit out in an interview with Swedish radio, adding he wanted to ask the perpetrators "what the hell are you doing?"
"Society will come back hard on this," said the Social Democrat leader, who also raised questions about the scope and timing of the attacks, which police suspect were coordinated via social media.
"It looks very coordinated, almost like a military operation," Löfven said, adding that the police probe would show if the car fires were down to vandalism, organized crime or something else.

Comment: The way things are going, they might not be too far off the mark. But it's not that the world can't sustain the population - because it can. However our dear psychopathic leaders see it fit to squander, hoard and abuse what is available - and like running a large corporation into the ground in their seflish pursuits, they will do the same to the planet.