Applied Economist @JohnsHopkins | Sr. Fellow & Director #TroubledCurrencies Project @CatoInstitute | @Forbes | FX & Commodities Trader | Reagan White House Alum
@BorisJohnson 's government has botched its response to #COVID . Despite massive public spending and another round of #sledgehammer #lockdowns , the #UK is poised to contract by more than any of its #G7 peers, while its COVID deaths soar.
@alferdez is another clueless Argentine President. His #Sledgehammer lockdowns in Arg. haven't prevented the spread of #COVID . He claimed he would #nationalize @RepsolWorldwide , but decided not to. And #Inflation rages, at 118.26%/yr by my measure. More Arg. govt. incompetence.
@NPR reports the story of Abu Alaa, a Syrian in Damascus who wakes up at dawn to wait 6 hrs to buy just 2 packets of bread, followed by another 6 hrs for fuel. But Abu Alaa isn't alone: millions of Syrians have to deal with this. Today, I measure Syria’s inflation at 227.03%/yr.
#EconWatch : #turkey '>I #Turkey #COVID cases AND deaths are spiraling out of control. Over 30,000 new cases were recorded in a single day, with daily deaths setting a new record @RTErdogan ’s solution? More ineffectiv #lockdowns .
#Lebanon 's real GDP is projected to contract by 19.2% in 2020, putting over half the country in poverty. To make matters worse, I measur #inflation each day, and it’s raging at 268.74%/yr. The only thing that can save Lebanon is a currency board.
In #Venezuela @maduro_en 's corrupt socialist leadership has crashed the economy and allowed crime and chaos to reign. Venezuelans are voting with their feet. Yes, they are trying to escape the ravages of #Socialism as fast as they can. Just look at the numbers.
@MBuhari has failed. #Nigeria is in the grip of chaos. Bandits control major highways. The government can’t protect its own citizens from #BokoHaram or the #Corrupt police. #Unemployment stands at 27.1%, and #Inflation - which I accurately measure every day - soars at 30.37%/yr.
#Nigeria now ranks 146th out of 180 countries in Transparency International's Corruption Perceptions Index, slipping from 136th place when @MBuhari was first inaugurated. Under Buhari's “watchful eye”, corruption runs rampant.
This isn’t the Gestapo or KGB. These are #Modi ’s #RSS thugs breaking into #Muslim homes, pillaging & assaulting with impunity. #BJP ’s radical #Hindutva agenda is turning #India into a nightmare for Muslims. #DelhiBurns #DelhiRiots2020
@MBuhari announced in his 2021 budget proposal that he expects #Inflation to be 11.95%/yr next year. He must have pulled that number out of a hat. Today, I accurately measure #Nigeria ’s inflation at 29.45%/yr. That’s almost triple the President’s finger in the wind forecast.
#Modi & #BJP have accomplished what no ruler in #India could do in its history. They have established a #PoliceState . They have gone against #Gandhi & #Nehru 's secular vision. #ModiMadnessMadness #ModiLies & Lies have turned Indians against themselves.