I said, "I do not expect a global recession, but it would be a high possibility if the Russia-Ukraine war escalates further" in a presentation I delivered last month. Now, we have a greater and more dangerous one threatening the Middle East . If the war there gets hotter, recession will be inevitable.

Developments in recent years indicate that the US has increasingly embraced unilateralism in its foreign policy, which is commanded and shaped by the lobbies. The US government seems to be pursuing the interests of those who finance those in power rather than the interests of the public. That is why the US approach to global issues has become impertinent of late, lacking diplomatic grace, and disrupting even the already well-functioning systems.

"Either their prices were exorbitant or they accepted the loss”, said a valuable expert about the market discounts last week.

The history of the Israeli-Palestinian conflict, its effect on international trade, and the possible damage it may cause to the global economy are discussed in detail by my colleagues.

As of the morning, everything looks calmer. Stock markets have regained their losses of Monday, with stock prices even climbing further up. Apparently, the world no longer gets easily affected by global incidents.

I have been getting calls non-stop from news agencies and various media houses since Sunday morning. All of them asking me the same question: "How badly will markets suffer?"

The recent inflation rates show us that the year-end CPI will not be below 60%, as stated in the MTP. My lease agreement has concluded its first-year term as of the 1st of October and I had to raise my rent according to the inflation rate which is over 60%.

Last week I delivered a seminar to international investors visiting Istanbul. Interestingly, their questions were mostly about political issues in Turkey, rather than economic ones.

As the stock market rises again, people are wondering “how high will it go?”. First, we need to remind ourselves of the function of a stock exchange.

The constant increase in credit card, consumer loan and overdraft interest rates is no longer a matter of "restraining the demand", but rather "stifling it". I guess it’s the government’s way to tell producers "Sell if you can!” The government probably thinks that a fierce price competition will begin when demand is brought under control.

I have recently been told that my daily articles are a bit too long for the taste of some of my readers. So to please them, I decided to keep today’s report shorter than usual.