Real Turkey Special Video: Global Debt Crisis Beckoning!


Since the beginning  of the year global bond markets shed $20 trillion in value.


  • Last week, BoE had to intervene in the gilt market to bail out mortgage debtors and retirement funds.
  • PBoC is getting ready to support the yuan.
  • The global havoc in debt and currency markets is caused by the fiercest monetary policy tightening in 5 decades.



  • Such episodes usually end in debt crises. 2023 will spell either relief, or a recurrency of history.
  • Higher interest rates and stronger dollar in 2023 could upend the 20 year old borrowing binge.

  • Not only EM, but everyone with flexible interest debt is in jeopardy.


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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and and has contributed to the financial daily Referans and the liberal daily Radikal.