Monday☕️
Trending:
- Debt Ceiling Deal
- Turkish President
Markets/Economies:
- Five years of S&P 500 performance:
- Five years of NVIDIA performance:
- Five years of Bitcoin performance:
Debt Ceiling Deal:
- Kevin McCarthy and President Biden are working on a deal to increase the U.S. debt ceiling by $4 trillion over the next two years.
- This deal includes: Full funding for veteran medical care, energy reforms, no new taxes, and limited spending cuts.
- Some Republicans want deeper cuts, and some Democrats feel their priorities are not being addressed. The U.S. debt ceiling is the maximum amount the government can borrow. Decisions on this matter are crucial as they affect national and international economic environments.
- Agreement Tweet link:
Turkish President:
- Tayyip Erdoğan has won another term as Turkey's President, beating out opposition candidate Kemal Kiliçdaroğlu. Under Erdoğan's leadership, Turkey has been drifting from the West and adopting a more assertive foreign policy stance. We could see an intensification of this trend in the coming years.
- Domestically, the economy remains a concern for many Turks, with the country struggling with high inflation and a 10% unemployment rate. Yet despite these challenges, Erdoğan was able to secure another win.
- Turkey is in NATO. The dynamics of this relationship will continue to evolve under Erdoğan's new term. Turkey presidential election results:
- Erdogan: 52.72%
- Kilicdaroglu: 47.28%
Statistic:
- Unemployment rates:
- Nigeria: 33.3%
- South Africa: 32.9%
- Spain: 13.26%
- Greece: 10.9%
- Turkey: 10%
- Iran: 9.7%
- Brazil: 8.8%
- Chile: 8.8%
- Uruguay: 8.6%
- Italy: 7.8%
- India: 7.8%
- Sweden: 7.5%
- Egypt: 7.1%
- France: 7.1%
- Euro area: 6.5%
- Pakistan: 6.5%
- Paraguay: 6.5%
- Venezuela: 6.4%
- Argentina: 6.3%
- Austria: 6.2%
- Germany: 5.6%
- Indonesia: 5.45%
- China: 5.2%
- Canada: 5%
- Saudi Arabia: 4.8%
- Bangladesh: 4.7%
- UK: 3.9%
- Australia: 3.7%
- Norway: 3.5%
- Russia: 3.5%
- Netherlands: 3.4%
- US: 3.4%
- Japan: 2.8%
- UAE: 2.75%
- South Korea: 2.6%
- Mexico: 2.4%
- Denmark: 2.3%
- Vietnam: 2.25%
- Switzerland: 2%
- Singapore: 1.8%
- Thailand: 1.05%
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