Why Mr.Carlos Ghosn was kicked out of Nissan I saw this news interestingly. Renault open to Nissan pursuing merger talks with Honda, Bloomberg News reports https://www.reuters.com/business/autos-transportation/renault-open-nissan-pursuing-merger-talks-with-honda-bloomberg-news-reports-2024-12-18/ Mr.Carlos Ghosn might oppose to the merger with Honda and Nissan. Japan Ministry of Economy, Trade and Industry(METI) wanted to eliminate him. So he was arrested by Japan police. This is the reason why Mr.Carlos Ghosn was kicked out of Nissan. This is Japan, and this is the Japan.
2022/2/13. Turkey
I read this article, and am thinking about Turkey government’s debt.
Fitch downgrades Turkish debt amid soaring inflation
https://www.ft.com/content/d6799877-7bae-4f78-b53d-8d1828a41c82
I searched some datas about Turkey’s economy.
From google,
And this site,
|
Turkey |
GDP(b$) |
Currency($)@Jan |
Debt ratio(%) |
|
2017 |
859 |
0.27 |
28.03 |
|
2018 |
778.4 |
0.27 |
30.17 |
|
2019 |
761.4 |
0.19 |
32.66 |
|
2020 |
720.1 |
0.17 |
39.77 |
|
2021 |
|
0.14 |
37.77? |
|
2022? |
|
0.072 |
37.92? |
Currency’s value is decreased to half from 2021 to 2022.
This means GDP’s value would be half and Debt ratio would be twice.
Then I searched Turkey’s interest ratio was 14.00% at Jan 20, 2022.
In 2022, Turkey’s GDP will be 300b$, and debt ratio will be 80% of Turkey’s GDP, and interest payment will be at least 11.2% of Turkey’s GDP.
Hummm. Turkey’s government looks to be going to the END.
I think now is the time to leave from investing to Turkey.