Podcasts about Turkish lira

Week 21 marks a major turning point in the global ship recycling market as the strongest reopening signal yet emerges from the Strait of Hormuz. Three supertankers transited the Strait for the first time since March, while President Trump said the United States is in the “final stages” of talks with Iran. Brent crude eased more than 5% to around USD 105 per barrel, and WTI moved below USD 100. However, for ship recycling, the timing remains critical. With only around one week left before the practical monsoon slowdown across the sub-continent, the improved passage signal may have arrived too late to release meaningful recycling tonnage into the market. Freight markets remain supportive for owners to keep older vessels trading. The Baltic Dry Index closed around 3,005 after peaking above 3,092, while Capesize earnings remained above USD 40,000 per day. Panamax earnings strengthened further, keeping the trading premium intact for older dry bulk vessels. Bangladesh continues to show strong operational stability, with the Taka holding around 122.87 against the U.S. Dollar and the Letter of Credit pipeline functioning for a sixth consecutive week. Bangladesh's April CPI rose to 9.04%, showing that inflationary pressure has reached Chattogram, but the impact remains contained compared with Pakistan and Turkey. India faces renewed currency pressure as the Rupee decisively broke above 96, touching a fresh all-time low near 96.97 against the U.S. Dollar. Despite this, India's April CPI remained calm at 3.48%, comfortably within the RBI's tolerance band. Alang remains the lowest-priced sub-continent destination, while retaining its strong HKC compliance advantage. Pakistan continues to consolidate its position, with the Pakistani Rupee holding firm around 278.63 against the U.S. Dollar. Local steel prices remain strong, keeping Gadani in one of the firmest pricing positions globally, supported by currency stability and the State Bank's earlier rate hike. Turkey remains structurally uncompetitive for mainstream tonnage despite another record low in the Turkish Lira. Aliaga continues to focus mainly on EU-regulated recycling candidates, where compliance requirements outweigh price differentials. This week's central market message is clear: Hormuz passage may be opening, Brent has eased, and diplomacy has reaccelerate, but the recycling window is closing. With freight earnings still elevated and monsoon approaching, recycling supply remains limited across all major destinations. This episode covers: Global ship recycling market trends Strait of Hormuz reopening signals Brent crude and WTI price movements Baltic Dry Index and dry bulk freight strength Capesize, Panamax, Supramax and Handysize earnings Bangladesh, India, Pakistan and Turkey recycling markets Bangladesh inflation and Taka stability India Rupee record low and CPI performance Pakistan Rupee stability and Gadani pricing strength Turkey Lira weakness and Aliaga's EU-focused role Hong Kong Convention-compliant recycling yards Monsoon impact on ship recycling activity Cash buyer sentiment and recycling pricing outlook Vessel supply, backlog and owner decision-making Key Market Developments This Week Three supertankers crossed the Strait of Hormuz for the first time since March President Trump said U.S.–Iran talks are in the “final stages” Brent crude eased more than 5% to around USD 105 per barrel WTI moved below USD 100 per barrel Baltic Dry Index closed around 3,005 after peaking above 3,092 Capesize earnings remained above USD 40,000 per day Panamax earnings strengthened to more than USD 22,000 per day Bangladesh Taka remained stable around 122.87 against the U.S. Dollar Bangladesh April CPI rose to 9.04% Bangladesh LC pipeline remained operational for a sixth consecutive week Indian Rupee touched a fresh all-time low around 96.97 against the U.S. Dollar India April CPI remained controlled at 3.48% Pakistan Rupee held firm around 278.63 against the U.S. Dollar Gadani pricing remained among the strongest globally Turkish Lira weakened to a fresh record low around 45.58 against the U.S. Dollar Aliaga remained focused on EU-regulated tonnage Monsoon window narrowed to approximately one week Recycling tonnage supply remained limited despite stronger reopening signals For full details, vessel rankings, and port positions, download the GMS Weekly on our website or mobile app. Follow GMS on LinkedIn, Facebook, Instagram, and X for daily updates.

Week 20 marks a decisive shift in the global ship recycling market as diplomatic momentum around Hormuz stalls, Brent crude rebounds above USD 107, and freight markets continue strengthening across the dry bulk sector. Despite last week's temporary optimism surrounding a possible ceasefire framework, owners are still holding onto older vessels as trading earnings remain exceptionally firm. The Baltic Dry Index breaking above 3,000 and Capesize earnings surpassing USD 43,000 per day continue reinforcing the economics of keeping aging tonnage active rather than recycling. As a result, the expected release of recycling candidates into the sub-continent has once again failed to materialize. Bangladesh remains the leading recycling destination on pricing and operational readiness, with stable currency conditions, active LC flows, and competitive steel plate pricing supporting Chattogram buyers. However, supply shortages persist as owners continue delaying recycling decisions ahead of monsoon closure. India faces renewed pressure as the Rupee weakens to another all-time low near 95.71 against the U.S. Dollar. Alang remains the lowest-priced destination while maintaining its strong HKC compliance advantage with more than 110 compliant yards operational. Pakistan's market position stabilizes after the State Bank's recent rate hike helped support the Pakistani Rupee, even as inflation pressures remain elevated. Gadani continues offering some of the firmest pricing in the market, supported by proximity advantages linked to ongoing Hormuz uncertainty. Turkey remains structurally uncompetitive for mainstream tonnage despite continued weakness in the Turkish Lira and rising inflation, leaving Aliaga focused primarily on EU-regulated recycling candidates. With only around two weeks remaining before the practical monsoon closure window, the central market question is no longer whether demand exists. It clearly does. The question is whether owners will release tonnage before the window closes. So far, strong freight markets, elevated oil prices, and unresolved geopolitical risk continue preventing meaningful supply flow into recycling yards. This episode covers: Global ship recycling market trends Brent crude oil rebound and Hormuz developments Baltic Dry Index and freight market strength Vessel recycling supply shortages Bangladesh, India, Pakistan, and Turkey market updates Steel plate pricing trends Currency movements and inflation pressures HKC-compliant recycling yards Monsoon impact on ship recycling activity Cash buyer sentiment and recycling pricing outlook   Key Market Developments This Week • Brent rebounds from USD 96 back above USD 107 • Diplomatic momentum around Hormuz stalls • Baltic Dry Index breaks above 3,000 • Capesize earnings surge above USD 43,000/day • Freight strength continues delaying recycling decisions • Q2 recycling backlog hardens further • Bangladesh remains strongest pricing destination • Chattogram LC pipeline stays fully operational • India Rupee falls to fresh record lows near 95.71 • Alang maintains strong HKC compliance positioning • Pakistan Rupee firms despite inflation pressures • Gadani pricing remains among the strongest globally • Turkey inflation rises while Aliaga remains niche • Limited vessel supply continues across all destinations • Monsoon closure window narrows to approximately 2 weeks • Owners continue prioritizing trading over recycling   For full details, vessel rankings, and port positions, download the GMS Weekly on our website or mobile app. Follow GMS on LinkedIn, Facebook, Instagram, and X for daily updates.

Week 19 marks a major shift in the global ship recycling market as Brent crude falls sharply, diplomacy re-enters the Hormuz conversation, and freight markets move strongly in the opposite direction. Despite Brent correcting from USD 126.41 per barrel to near USD 100, the expected release of recycling tonnage has not materialized. The Baltic Dry Index climbed to 2,991, up 12% from the previous week, with Capesize earnings surging and daily returns moving above USD 42,000. Strong freight earnings continue to encourage owners to keep older vessels trading rather than sending them for recycling, keeping supply tight across the Indian sub-continent. Bangladesh remains the leading recycling destination, supported by firm demand, a stable Taka, sustained Letter of Credit flow, and competitive steel plate pricing. However, Chattogram continues to face the same core issue: buyers are ready, but vessels are not arriving. India saw sharp currency volatility, with the Rupee touching a fresh low around 95.27 before recovering near 94.18 on diplomatic headlines. Alang remains the lowest-priced sub-continent destination, but its HKC-compliant yard base continues to support regulated tonnage demand. Pakistan's position has become more complicated. Gadani pricing remains firm, with steel plate levels around USD 679 per ton, but April inflation surged to 10.9%, prompting a 100-basis-point rate hike to 11.5%. Pakistan's Gulf proximity premium still holds, but its earlier stability advantage has narrowed. Turkey remains structurally uncompetitive for mainstream tonnage, with the Lira weakening to a fresh record low and April inflation rising to 32.37%. Aliaga continues to rely mainly on EU-regulated tonnage, where compliance can outweigh the price gap. With only around 3 weeks left before the monsoon window closes, the central question is no longer whether demand exists. It does. The question is whether diplomacy can release vessel supply in time. For now, strong freight, unresolved Hormuz risks, inflation pressure, and limited candidate flow mean the backlog holds. This episode covers ship recycling prices, vessel supply, freight markets, oil prices, currencies, inflation, HKC compliance, and the latest developments across Bangladesh, India, Pakistan, and Turkey.   Key Market Developments This Week • Brent crude falls from USD 126.41 to near USD 100 • Diplomacy re-enters the Hormuz discussion, but safe passage remains unresolved • Baltic Dry Index rises to 2,991, up 12% week-on-week • Capesize earnings strengthen, with daily returns above USD 42,000 • Strong freight continues to delay ship recycling decisions • Bangladesh remains the leading destination on demand and pricing • Chattogram LC pipeline remains stable and functional • India's Rupee touches 95.27 before recovering near 94.18 • Alang remains lowest-priced but retains strong HKC compliance advantage • Pakistan CPI jumps to 10.9%, triggering a 100-basis-point rate hike • Gadani pricing remains firm, but Pakistan's advantage narrows • Turkish Lira weakens to a fresh record low near 45.24 • Turkey inflation rises to 32.37%, keeping Aliaga niche and outpriced • No meaningful supply release despite Brent correction • Monsoon window narrows to approximately 3 weeks • Q1 overhang remains locked into a Q2 backlog

Week 18 marks a structural turning point in global ship recycling markets as the situation in the Strait of Hormuz shifts from disruption to sustained blockade. What was previously seen as a temporary constraint has now evolved into a large scale supply shock, with oil markets reacting sharply and reshaping the economics of vessel trading and recycling. Brent crude surged to multi year highs, briefly reaching USD 126 per barrel before stabilizing above the USD 110 range. This sharp increase reflects a significant tightening in global energy supply, with Hormuz transit flows dropping to nearly four percent of normal levels. The scale of disruption is now being described as one of the largest in history, with no immediate resolution in sight. Despite this volatility in energy markets, freight rates remain firm. The Baltic Dry Index continues to hold near recent highs, supported by strong Capesize and Supramax earnings. Elevated freight returns are reinforcing vessel trading economics, keeping older tonnage active in the market and delaying recycling decisions. Currency movements across the sub continent reflect varying exposure to the energy shock. The Indian Rupee has weakened to record lows due to heavy reliance on Hormuz linked imports, while Pakistan's Rupee has remained stable, providing a relative advantage. Bangladesh continues to operate within a stable range, and the Turkish Lira has shown modest recovery. Bangladesh remains the leading destination with strong pricing, improved financing conditions, and a cleared Letter of Credit pipeline. However, the market continues to face a lack of available vessels. India maintains its structural advantage through a large base of compliant yards, though currency pressure and energy exposure continue to weigh on competitiveness. Pakistan is emerging as the strongest structural player this quarter, supported by stable currency, firm steel pricing, and proximity to Gulf trade routes. Turkey remains limited to niche activity due to its pricing gap with the sub continent. No recycling transactions were reported this week, reinforcing the ongoing supply shortage. As the monsoon window narrows to approximately four weeks, the expected release of vessels is increasingly being deferred. The Q1 overhang is now transitioning into a confirmed Q2 backlog. This episode provides a detailed analysis of ship recycling trends, recycling pricing, freight dynamics, and the broader geopolitical factors shaping supply across global markets.   Key Market Developments this Week • Hormuz disruption shifts into a structural blockade • Brent crude spikes to USD 126 before stabilizing above USD 110 • Global oil supply shock intensifies with flows near four percent of normal • Baltic Dry Index holds steady with firm vessel earnings • Strong freight rates continue to discourage recycling activity • Indian Rupee weakens to record lows on energy exposure • Pakistan Rupee stabilizes, strengthening relative positioning • Bangladesh maintains top pricing with improved LC processing • India retains compliance strength despite currency pressure • Pakistan benefits from Gulf proximity and structural alignment • Turkey remains limited to EU regulated recycling segment • No recycling transactions reported across all destinations • Q1 tonnage overhang transitions into a growing Q2 backlog   Links & Resources Subscribe to GMS Weekly: https://www.gmsinc.net/get-in-touch/#SubscribeToGMS GMS Mobile App: https://onelink.to/gms-app LinkedIn: https://www.linkedin.com/company/gms-leadership X (Twitter): https://x.com/GMS_Leadership Instagram: https://www.instagram.com/gms_leadership    

Week 17 of 2026 marks a decisive shift in global ship recycling markets as geopolitical risk intensifies and supply constraints deepen. In this episode, Grace and Ryan break down the latest developments shaping the industry, including the indefinite extension of the US-Iran ceasefire, renewed escalation in the Strait of Hormuz, and its direct impact on oil, freight, and recycling dynamics. Brent crude has rebounded toward the mid-90 dollar range as geopolitical risk reasserts itself, reversing last week's demand-driven softness. At the same time, freight markets continue to strengthen, with the Baltic Dry Index reaching multi-month highs and Capesize earnings climbing on sustained Brazil to China iron ore flows. Strong vessel earnings remain the key factor discouraging recycling activity. Currency movements across the sub-continent are reinforcing existing pricing dynamics rather than driving change. The Indian Rupee has weakened, the Pakistani Rupee remains stable, Bangladesh holds within range, and the Turkish Lira has reached fresh lows. Despite these shifts, the core issue remains unchanged: a lack of available tonnage. Bangladesh continues to lead the market with strong pricing, stable currency, and accelerated Letter of Credit approvals. However, with only five weeks remaining before the monsoon season, time pressure is intensifying. Compliance scrutiny remains elevated, with due diligence now embedded across transactions. India retains its structural advantage with Hong Kong Convention compliant yards, but ongoing currency weakness and energy exposure linked to Hormuz disruptions continue to limit competitiveness. Pakistan is emerging as the strongest performer, with firm pricing, stable fundamentals, and a reinforced proximity advantage to Gulf tonnage. Turkey remains uncompetitive for mainstream recycling and is limited to EU regulated tonnage. No major recycling transactions were reported this week, highlighting continued supply tightness across all destinations. As the monsoon window narrows, the market narrative is shifting. The expected release of tonnage is no longer delayed but increasingly deferred, raising the likelihood of a growing backlog into Q2. This episode provides a clear, data-driven view of ship recycling trends, scrap market pricing, freight dynamics, and global maritime risk factors shaping supply decisions.   Key Market Developments This Week Indefinite ceasefire extension with escalation in the Strait of Hormuz Brent crude rebounds toward mid-90 dollar levels on geopolitical risk Baltic Dry Index rises to multi-month highs with strong Capesize earnings Vessel earnings remain elevated, discouraging recycling activity Currency movements stable but reinforcing existing pricing structure Bangladesh leads with improving LC flows and strong pricing India remains constrained by currency weakness and energy exposure Pakistan strengthens with firm pricing and Gulf proximity advantage Turkey remains limited to EU compliant recycling segment No major recycling sales reported, confirming supply shortage Q1 tonnage overhang increasingly shifting into a Q2 backlog      

Week 14 of 2026 sees the global ship recycling markets enter Q2 under continued pressure, with many of the same challenges from Q1 still firmly in place. In this episode, Ingrid and Henning walk through the latest developments across Bangladesh, India, Pakistan, and Turkey, where recyclers remain active but are still facing a shortage of workable end-of-life vessel supply. The broader macro environment continues to play a key role. Ongoing tensions in the Middle East are keeping oil prices elevated above USD 100 per barrel, supporting freight earnings and delaying demolition decisions. As a result, older vessels are staying in service longer, limiting the flow of tonnage into recycling yards. Currency movements added another layer this week. The Indian Rupee rebounded following central bank intervention, offering some support to local buyers, while the Turkish Lira weakened further, keeping Turkey uncompetitive for mainstream tonnage. At the same time, mixed steel price trends across the sub-continent continue to make pricing decisions more difficult. Regionally, Bangladesh remains the most active market, with steady post-Eid momentum, improving LC approvals, and firm pricing levels. India continues to benefit from strong HKC compliance infrastructure but remains constrained by limited supply and operational challenges. Pakistan shows improving stability, supported by firm steel prices and growing compliance capacity, while Turkey remains focused on niche EU-regulated recycling segments. The key theme this week remains unchanged: recyclers are ready to buy, but vessels are not arriving in sufficient numbers. As Q2 begins, the market continues to watch closely -  will supply improve ahead of the monsoon season, or will strong freight markets continue to delay recycling activity? Key Market Developments This Week Q2 opens with continued pressure from oil, freight, and geopolitical factors Elevated freight earnings continue to delay recycling decisions Ongoing shortage of end-of-life vessel supply across all major markets Bangladesh remains the most competitive and active destination Indian Rupee rebound offers support, but operational challenges persist Pakistan strengthens position with stable steel prices and improving sentiment Turkey remains uncompetitive for mainstream tonnage due to currency weakness Compliance and due diligence remain key following unresolved sanctioned vessels Overall market activity remains subdued despite improving buyer appetite

The global ship recycling market saw another sharp shift this week as the U.S. dollar weakened across nearly all recycling destinations, providing fresh support to buyer sentiment across the sub-continent. Steel fundamentals also strengthened significantly, with India, Pakistan, and Bangladesh reporting notable weekly jumps in local steel plate prices. In this week's ship recycling market podcast, Ingrid and Henning break down the latest movements in the Baltic Dry Index, oil prices falling below sixty-two U.S. dollars per barrel, and how improving domestic fundamentals are reshaping pricing expectations across the Indian sub-continent. Pakistan continues to lead the market, supported by firm steel levels, improving currency performance, and renewed demand for dry bulk candidates. Bangladesh re-enters the spotlight as Chattogram activity increases, though uncertainty remains high with national elections approaching mid-February. India shows stronger footing as steel prices rebound and the Indian Rupee strengthens, while Turkey remains subdued, with Aliaga activity limited and the Turkish Lira continuing its gradual decline. This episode also highlights the ongoing shortage of recycling candidates, increased interest in older handy bulkers and LNG units, and the evolving balance of supply and demand shaping demolition pricing into early 2026. Designed for shipowners, cash buyers, recyclers, brokers, financiers, and maritime professionals tracking global demolition markets, this weekly discussion covers pricing direction, market sentiment, HKC compliance developments, and the key risks and opportunities currently shaping the ship recycling landscape.

Do Kwon's getting 15 years. DTCC just unlocked quadrillions for tokenization. And the stablecoin chain wars are heating up.In this episode of Stabled Up, Sam Kazemian of Frax Finance and Rob Montgomery of InfiniFi break down how DTCC's SEC approval changes everything for onchain finance. Sam and Rob reveal the dynamics reshaping payment chains and why Korean Won, Brazilian Riyal, and Turkish Lira going onchain matters more than you think. We covered:- Sam's Untold Terra War Room Stories- How DTCC's SEC Approval Changes Everything- The Explosive Race Between Tempo, Stable & Plasma- Why 2026 Is The Year of Non-USD Stablecoins- Korean Won, Brazilian Riyal & Turkish Lira Going Onchain- Invoice Financing's 24% APR Opportunity- Winner-Take-All Dynamics in Payment ChainsTimestamps:00:00 Intro00:37 Polygon Ad01:19 Mark's Role at Kraken02:19 The Problem with Traditional Banks03:40 Neo Banking Revolution05:30 crack App Vision & Features08:53 What Makes a Great Neo Bank11:11 Kalshi Ad, Halliday Ad, Trezor Ad11:40 Financial Super Apps14:01 Bakkt Acquisition & X Stocks Thesis17:17 X Stocks Growth & Adoption19:03 Democratizing Global Markets20:32 The crack App Ecosystem22:08 Next Gen Users & On-Chain Yields24:05 Competition Analysis26:09 YEET Ad, infiniFi Ad, Hibachi Ad26:49 Yeet Ad27:20 crack Card Breakdown29:21 Cashback & Rewards Structure31:08 Network Effects Across Products33:27 2026 Vision & Culture34:15 Closing ThoughtsWebsite: https://therollup.co/Spotify: https://open.spotify.com/show/1P6ZeYd...Podcast: https://therollup.co/category/podcastFollow us on X: https://www.x.com/therollupcoFollow Rob on X: https://www.x.com/robbie_rollupFollow Andy on X: https://www.x.com/ayyyeandyJoin our TG group: https://t.me/+TsM1CRpWFgk1NGZhThe Rollup Disclosures: https://therollup.co/the-rollup-discl

In this Week 48 edition of the GMS Weekly Podcast, hosts Ingrid and Henning review another eventful period in the global ship recycling market as the industry navigates uneven fundamentals and prepares for the final month of the year. Market conditions across South Asia remained under pressure. Steel plate prices declined in Bangladesh, India, Pakistan and China. The US dollar weakened in all major recycling destinations except Turkey. Freight markets continued their positive momentum, with the Baltic Dry Index rising by 3.2% to its highest level since December 2023. Oil prices stayed soft and ended the week near 59 dollars per ton, almost 14% lower than a year ago. Supply of recycling candidates remains limited as owners continue trading their vessels on strong freight earnings. Global supply tightness contributed to a mixed pricing environment. Smaller lightweight units are often trading below 400 dollars per lightweight ton, while cleaner and larger vessels can still command higher levels in select locations. Bangladesh stayed at the top of the pricing charts. Indicative levels were about 410 dollars per lightweight ton for bulkers, 430 dollars for tankers and 440 dollars for container vessels. Domestic fundamentals, however, weakened again. Local steel plate prices fell by 11 dollars to about 506 dollars per ton. The Taka improved slightly and closed at 122.08. Political tensions remain in the background ahead of the February 2026 elections. Chattogram recorded five new arrivals this week, including LPG units, a bulker and a chemical tanker, totaling 22,459 lightweight tons. Bangladesh now has 21 approved HKC yards, with one more close to completion. India experienced another quiet week. Most tonnage continues to struggle to reach 400 dollars per lightweight ton, keeping Alang behind Bangladesh and Pakistan for preferred vessels. Steel plate prices slipped to about 390 dollars per ton, and the Rupee ended the week around 89.35. Indicative pricing remained about 380 dollars per lightweight ton for bulkers, 400 dollars for tankers and 410 dollars for container ships. Although India reported GDP growth of 8.2 percent, the recycling market continues to face pressure from higher import costs, weaker domestic sentiment and stronger competition from HKC-compliant yards elsewhere. Pakistan recorded the most important development of the week. Prime Green Recyclers in Gadani received HKC approval from Bureau Veritas, the first yard in Pakistan to qualify. Additional yards are undergoing upgrades and are expected to follow in the next few months. Steel plate prices in Pakistan declined by 7 dollars to about 579 dollars per ton. The Rupee firmed slightly to around 282. Indicative pricing stood at 400 dollars per lightweight ton for bulkers, 420 dollars for tankers and 430 dollars for container units. Gadani did not receive any new vessels this week. Turkey remained stable. Prices held around 260 dollars per lightweight ton for bulkers, 270 dollars for tankers and 280 dollars for container vessels. The Turkish Lira weakened further and moved past 42.50 against the US dollar. Inflation remains elevated, although the economy continues to show growth. Recycling activity in Aliaga stayed limited. Across the subcontinent, the market continues to operate with restricted supply, weaker fundamentals and shifting currency conditions. HKC progress in Bangladesh and Pakistan is improving the competitive landscape and setting the stage for stronger compliance and sustainability in the year ahead.   For full details, vessel rankings, and port positions, download the GMS Weekly on our website or mobile app. Follow GMS on LinkedIn, Facebook, Instagram, and Twitter for daily updates.

In this 2025 Week 47 edition of the GMS Weekly Podcast, host Ingrid and co-host Henning review another challenging week in global ship recycling as forums and frictions shape sentiment across South Asia. Oil futures slipped to around USD 57.7 per barrel, freight rates stayed active but below last year's highs, local steel plate prices weakened in key recycling destinations, and currency devaluations in India and Bangladesh continued to erode recyclers' purchasing power. Regulators in the United States and European Union also moved ahead with new sanctions on Russia and Iran, targeting dark fleet activity and raising questions over how hundreds of older vessels will eventually be recycled. Global Market Overview Market volatility persisted through late November. Oil prices are now more than 6% lower on the month and around 16% below the same period in 2024. The Baltic Dry Index improved week on week but remains far under last year's levels, which limits demolition candidates even as older tonnage creeps closer to recycling age. Combined with softer steel prices and unstable foreign exchange markets, this has kept supply tight and negotiations cautious at ship recycling yards. Bangladesh Bangladesh remains the price leader in South Asia, with demo indications around USD 410 per LDT for dry bulk, USD 430 for tankers, and USD 440 for container vessels. Despite the pricing edge, 2025 has been thin on actual volumes. Inflation has hovered between 8% and 9%, and the Bangladeshi Taka weakened again to roughly BDT 122.5 per USD. Local steel plate prices slipped to about USD 525.9 per ton as yards struggle to move stockpiled recycled steel while cheaper imported scrap continues to pressure domestic demand. Political tensions ahead of the February 2026 elections and sporadic unrest are adding to the cautious tone. On the positive side, Bangladesh has now reached 20 HKC approved yards, with more facilities working through the certification process and ongoing worker training through the GMS Sustainable Ship and Offshore Recycling Program. India The Alang recycling market stayed quiet. Few new deals were reported as Indian recyclers faced a sharp currency move. The Rupee fell to around Rs 89.6 per USD, bringing it close to the Rs 90 level that undermines confidence in future pricing. Steel plate prices improved slightly to approximately USD 398 per ton but remain below the USD 400 threshold. Smaller or less preferred ships are still priced under USD 400 per LDT even though nominal demo indications stand near USD 380 for bulk carriers, USD 400 for tankers, and USD 410 for container ships. With limited tonnage, weaker currency, and competition from lower-cost imported steel, Alang's yards are under pressure, and India's long-standing advantage as the main HKC compliant destination is beginning to narrow as Bangladesh and Pakistan add more approved yards. Pakistan Pakistan delivered the week's most encouraging structural development. Gadani's first HKC compliant recycling yard is expected to receive formal approval shortly, with two or three additional yards targeted over the next few months and further upgrades planned into mid 2026. This represents a significant step in bringing Pakistan fully into the compliant recycling landscape. In the short term, however, trading conditions remain subdued. Domestic steel plate prices fell by USD 11 to around USD 586 per ton, still the highest level in the region but weighed down by cheaper product imported from Iran. The Pakistani Rupee firmed slightly to about PKR 282.6 per USD, yet this was not enough to lift sentiment. For the third consecutive week, there were no meaningful fresh market arrivals, and demo indications remain around USD 400 per LDT for bulkers, USD 420 for tankers and USD 430 for containers. Turkey The Aliaga market was steady but very quiet. Prices held in the USD 260 to 270 per LDT range for bulk and tanker units and close to USD 280 for container vessels. The Turkish Lira weakened further, moving beyond TRY 42.4 per USD. Steel plate prices and demand were largely unchanged, leaving local yards operating in a constrained, high cost environment with little new tonnage to work on. Market Sentiment and Outlook Across South Asia and Turkey, ship recyclers are facing the combined weight of weaker currencies, softer or stagnant steel values, and a limited flow of recycling candidates. At the same time, HKC progress in Bangladesh and the first approvals in Pakistan are building a stronger foundation for compliant and sustainable ship recycling in the years ahead. As 2026 approaches, attention is turning to how the industry will manage the growing pool of aging dark fleet ships and 30 year old vessels once freight markets ease and demolition activity finally starts to pick up.   For full details, vessel rankings, and port positions, download the GMS Weekly on our website or mobile app. Follow GMS on LinkedIn, Facebook, Instagram, and Twitter for daily updates.

In this 2025 Week 46 edition of the GMS Weekly Podcast, host Grace and co-host Ryan review global ship recycling markets as 2025 enters its final stretch. Falling steel prices, a firm U.S. Dollar, and limited vessel supply kept sentiment weak across South Asia. Global Market Overview Market volatility persisted through mid-November. The Baltic Dry Index continued to rise across all sub-sectors, while oil futures slipped to around USD 59.50 per barrel following a Ukrainian drone strike on Russia's Novorossiysk refinery. The U.S. Dollar strengthened further, reducing recyclers' purchasing power, while steel-plate prices in key destinations declined. Transactions closed mostly in the low USD 400s per LDT, with smaller or less-preferred units moving in the high USD 300s. Bangladesh Activity improved slightly as seven vessels totaling about 66,000 LDT reached Chattogram, including a large 21 K LDT bulk carrier. Despite this influx, overall sentiment remains fragile. Political tension ahead of the February 2026 elections, high tariffs near 30 percent, and a weaker Taka (BDT 122.35 per USD) continue to challenge local recyclers. Steel-plate prices dropped another USD 1 per ton, signaling persistent caution in the market. India The Alang recycling market stayed quiet but stable. India's strong HKC-compliant yard base provides structure, yet demand remains limited. Smaller dry units are only just touching USD 400 per LDT. The Rupee eased to Rs 88.70 per USD, while steel-plate prices gained about USD 4 per ton, offering a modest boost. Industry participants expect 2026 to mirror 2025's challenges unless global fundamentals improve. Pakistan After a brief recovery earlier in the quarter, Gadani activity slowed again. No new vessels arrived, and the country still awaits its first HKC-approved yard. Steel-plate prices fell USD 13 per ton to below USD 600, and the PKR weakened to 282.80 per USD. Ongoing inflation and the inflow of cheaper Iranian steel continue to pressure local recyclers and reduce competitiveness. Turkey The Aliaga market remained steady with prices in the USD 260 to 280 per LDT range. The Turkish Lira slipped beyond TRY 42.30 per USD, maintaining difficult trading conditions. Despite weak fundamentals, yards are working to sustain operations and meet regional recycling demand. Market Sentiment Across South Asia, recyclers face a combination of currency weakness, volatile commodity prices, and cautious end-users. As 2025 draws to a close, attention turns to 2026 for potential stabilization and renewed tonnage flow. For full details, vessel rankings, and port positions, download the GMS Weekly on our website or mobile app. Follow GMS on LinkedIn, Facebook, Instagram, and Twitter for daily updates.  

On today's show we are looking at some of the changes happening in the global monetary system that I believe  are being largely misunderstood. The Genius Act is enabling the US the extend its reach internationally which could have the effect of strengthening the US position as the world reserve currency. Think about the demand for dollars or any stable currency if you live in a country that has high inflation. The people in Turkey or Argentina or Venezuela along with numerous other countries are experiencing very high inflation. Inflation in Turkey is close to 50% year over year. Argentina is 98% year over year, and Venezuela is a whopping 400% year over year. The average person on the street aims to spend their pay check fully because they know that whatever they purchase will be more expensive next week. If they can't realistically spend all their cash, they will find a way to exchange their local currency for US dollars or Euros. But mostly US dollars. The problem with is that the folks can't open a USD denominated bank account with their local bank. They end up going to expensive currency exchange businesses and pay a sizeable premium to convert their Turkish Lira into USD. If you walk the streets of Istanbul, these currency exchange businesses are virtually on every street corner.  This year the US Genius Act was passed into law. Most people don't know what the Genius Act is. Some know that it is something about crypto. But they're not out there buying their groceries with bitcoin or Etherium. So who cares. What does this have to do with me? The thing to remember is that Stable coins are programmable. That means there is a history of all transactions on the blockchain and the US government can maintain both oversight and control over the transactions. Today, the vast majority of Stable coins are denominated in USD. That means the adoption of stable coins for commerce outside the US will actually extend the reach and entrenchment of the US dollar as the world's reserve currency. The fact that these coins are not issued by the US government will create the perception that these coins have the best of both worlds. They are US dollar denominated. They are backed by either US dollars or by US Treasuries. But they are not a CBDC. The idea is that these coins are all about extending the reach of the US dollar. There's currently 180 FIAT currencies in the world. There is no market for exchanging Guarani from Paraguay into Japanese Yen. All of this happens today through the US dollar. Stable coins denominated in US dollars are the key to further entrenching the dollar as the world's reserve currency. I believe these will have a higher international adoption than coins which are under the direct control of the Chinese Communist Party. ------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

This Week 32 GMS Weekly Podcast covers the latest global ship recycling market updates for India, Pakistan, Bangladesh, and Turkey. Global overview: Liberation Day tariffs from April are now in effect, impacting India and other key destinations. Oil prices dropped 5% to USD 63.90 per barrel. The Baltic Dry Index rose over 2%, led by a 4.3% Cape index gain. Currency movements were mixed: the U.S. Dollar strengthened against the Indian Rupee, Pakistani Rupee, and Turkish Lira, but weakened against the Bangladeshi Taka and Chinese Yuan. India: 50% export tariffs to the U.S. and sanctions linked to Russian trade weigh on sentiment. The Rupee closed at Rs 87.50. Steel prices fluctuated but ended flat. Alang received 6 vessels totaling nearly 57,000 LDT, including large bulk carriers and LNG units. India remains a key HKC-compliant recycling hub. Pakistan: Gadani leads regional pricing with steel plate at USD 615/Ton. Provisional DASR certificates allow select yards to bid. A nearly 9,000 LDT woodchip carrier arrived this week. The Rupee eased to PKR 283.60. Bangladesh: HKC-certified yards are re-entering the market after completing recent deliveries. Four vessels totaling about 30,000 LDT arrived in Chattogram. The Taka firmed to BDT 121.37. Turkey: Lira weakened to TRY 40.76. No new arrivals or market sales reported. The GMS Weekly provides detailed ship demolition pricing, port-by-port vessel positions, steel plate price trends, and HKC compliance updates. This content is relevant for ship owners, cash buyers, recyclers, traders, and maritime analysts monitoring the Indian sub-continent ship recycling markets. Subscribe to the full GMS Weekly for complete demo pricing, delivery schedules, and tonnage intelligence: https://www.gmsinc.net/get-in-touch?#SubscribeToGMS GMS Mobile App & Social Links: GMS Mobile App: https://onelink.to/gms-app LinkedIn: https://www.linkedin.com/company/gms-leadership X (Twitter): https://x.com/GMS_Leadership Instagram: https://www.instagram.com/gms_leadership Facebook: https://www.facebook.com/gmsleadership/

In this episode of GMS Weekly, hosts Henning and Ingrid unpack the shifting tides in global ship recycling for Week 28. As monsoon markets drag and Trump's tariff rhetoric escalates, volatility continues to plague the sector. We cover: Rising macroeconomic tensions: Tariff threats on Bangladesh to Brazil, Turkish Lira cracks 40, and steel prices climb across the board Subcontinent dynamics: India stays steady with over 100 HKC-compliant yards and strong tonnage flow; Bangladesh hits sub-USD 400/LDT lows amid regulatory confusion; Pakistan books new tonnage with interim HKC certs A rare win for Turkey: Despite currency collapse, Aliaga concludes a general cargo vessel sale Stay ahead with our insight into: Market pricing trends and sentiment shifts Regulatory adaptation under HKC Strategic options for owners and cash buyers Subscribe to GMS Weekly for complete demo pricing, port-by-port vessel positions, and tonnage intelligence: https://www.gmsinc.net/get-in-touch?#SubscribeToGMS   GMS Mobile App & Social Links: GMS Mobile App: https://onelink.to/gms-app LinkedIn: https://www.linkedin.com/company/gms-leadership X (Twitter): https://x.com/GMS_Leadership Instagram: https://www.instagram.com/gms__leadership Facebook: https://www.facebook.com/gmsleadership/

Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers:https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ This hot off the press citizenship for sale update covers the reaction to and clarification about Nomad Capitalist's commentary on the $1 Million El Salvador "Freedom" Passport. It also delves into a change to the often overlooked bank deposit option for Turkish citizenship—currency protection will no longer be offered to investors depositing money in Turkey in exchange for a passport. Additionally, Mr. Henderson reveals what to be aware of when considering Salvadoran or Turkish citizenship. Likewise, he shares considerations to take into account when exploring new passport programs available in the citizenship marketplace. Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson's Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this episode should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

28th Feb : Crypto & Coffee at 8

Budizzz, a company specializing in sleep technology, has developed a distraction-free device designed to improve sleep quality and promote mental wellness. The device provides a routine free from distractions and harmful blue lights, offering a healthier alternative to using tablets or smartphones before bed.Distraction-free device for better sleepThe Budizzz device works by synchronizing with a crowdsourced library of content. Users can customize their preferred content, such as breathing techniques, bedtime stories, and calming sounds, to create a routine that promotes relaxation and better sleep. The device is designed for both adults and children.The device emphasizes the importance of mental health and the need for mindfulness practices, such as breathing techniques, to improve focus and reduce distractions. It also highlights the importance of quality sleep for both children and adults.The technology behind the device is app-driven, but the creators wanted to disconnect the device from the app. Users can use the app independently, which offers a crowdsourced library of content from around the world. It allows users to set up a routine that includes various sounds and activities, such as breathing techniques, bedtime stories, and gratitude practices. In the morning, the device wakes users up with a body scan and guides them through gratitude practices, ensuring a positive start to the day.The device offers crowdsource content focused on sleep and mindfulness, contributed by professionals. The revenue generated from the device is shared with these professionals, creating a collaborative and socially responsible project. The device also plans to incorporate AI sleep tracking to provide users with insights into their sleep quality and offer personalized routines for better sleep.The story behind the deviceSylwia Regulska Guney is the founder of Budizzz, and her inspiration for creating the device came from her own experience as a parent. She noticed that her son often played games on his tablet instead of engaging in activities that promote mindfulness. After her son participated in a mindfulness course, Sylwia recognized the positive impact it had on him and decided to create a device that combines mindfulness practices with better sleep routines.Sylwia has seen positive changes in her own children after using the device. Her son has become more mindful and aware of his emotions, using breathing techniques to calm himself down. She also mentions the impact of sleep on children's behavior and emphasizes the importance of bedtime routines for a better day ahead.Conclusion: A screen-free way to sleep easierBudizzz was in prototype phase during CES 2024, but has since hit the market. It is available from the company's website. It is important to note that all prices are in Turkish Lira, but a United States shopping experience is an option (though the pricing and language stay the same)unknown. The price as of current exchange rates is about $65 with shipping costing around $21.In conclusion, the distraction-free device for better sleep aims to promote mental wellness and improve sleep quality. By providing a routine free from distractions and harmful blue lights, the device offers a healthier alternative to using tablets or smartphones before bed. With its crowdsource library of content and AI sleep tracking, the device aims to provide users with a personalized and effective solution for better sleep and overall well-being.Interview by Christopher Jordan of The Talking Sound.Sponsored by: Get $5 to protect your credit card information online with Privacy. Amazon Prime gives you more than just free shipping. Get free music, TV shows, movies, videogames and more. The most flexible tools for podcasting. Get a 30 day free trial of storage and statistics.

Budizzz, a company specializing in sleep technology, has developed a distraction-free device designed to improve sleep quality and promote mental wellness. The device provides a routine free from distractions and harmful blue lights, offering a healthier alternative to using tablets or smartphones before bed.Distraction-free device for better sleepThe Budizzz device works by synchronizing with a crowdsourced library of content. Users can customize their preferred content, such as breathing techniques, bedtime stories, and calming sounds, to create a routine that promotes relaxation and better sleep. The device is designed for both adults and children.The device emphasizes the importance of mental health and the need for mindfulness practices, such as breathing techniques, to improve focus and reduce distractions. It also highlights the importance of quality sleep for both children and adults.The technology behind the device is app-driven, but the creators wanted to disconnect the device from the app. Users can use the app independently, which offers a crowdsourced library of content from around the world. It allows users to set up a routine that includes various sounds and activities, such as breathing techniques, bedtime stories, and gratitude practices. In the morning, the device wakes users up with a body scan and guides them through gratitude practices, ensuring a positive start to the day.The device offers crowdsource content focused on sleep and mindfulness, contributed by professionals. The revenue generated from the device is shared with these professionals, creating a collaborative and socially responsible project. The device also plans to incorporate AI sleep tracking to provide users with insights into their sleep quality and offer personalized routines for better sleep.The story behind the deviceSylwia Regulska Guney is the founder of Budizzz, and her inspiration for creating the device came from her own experience as a parent. She noticed that her son often played games on his tablet instead of engaging in activities that promote mindfulness. After her son participated in a mindfulness course, Sylwia recognized the positive impact it had on him and decided to create a device that combines mindfulness practices with better sleep routines.Sylwia has seen positive changes in her own children after using the device. Her son has become more mindful and aware of his emotions, using breathing techniques to calm himself down. She also mentions the impact of sleep on children's behavior and emphasizes the importance of bedtime routines for a better day ahead.Conclusion: A screen-free way to sleep easierBudizzz was in prototype phase during CES 2024, but has since hit the market. It is available from the company's website. It is important to note that all prices are in Turkish Lira, but a United States shopping experience is an option (though the pricing and language stay the same)unknown. The price as of current exchange rates is about $65 with shipping costing around $21.In conclusion, the distraction-free device for better sleep aims to promote mental wellness and improve sleep quality. By providing a routine free from distractions and harmful blue lights, the device offers a healthier alternative to using tablets or smartphones before bed. With its crowdsource library of content and AI sleep tracking, the device aims to provide users with a personalized and effective solution for better sleep and overall well-being.Interview by Christopher Jordan of The Talking Sound.Sponsored by: Get $5 to protect your credit card information online with Privacy. Amazon Prime gives you more than just free shipping. Get free music, TV shows, movies, videogames and more. The most flexible tools for podcasting. Get a 30 day free trial of storage and statistics.

What are some Singapore REITs with distribution yields that can beat the CPF interest rates? What do you need to know about Japan's recent launch of the Prime 150 index? Michelle Martin and Ryan Huang break down the details.See omnystudio.com/listener for privacy information.

Your daily news in under three minutes.

As the first round of Turkish general elections result in a runoff round, with President Erdogan facing his toughest political challenge yet, Turkish assets have been exhibiting volatility - as one would expect given the uncertainty. However, the one asset class that remains strangely stable (thus far) is the Turkish Lira, as continued state interventions dampen any sharp selling pressure from plunging deep into new record lows (for now). Weston Nakamura does a deep dive into the Turkish lira, and the often overlooked significance that the lira has had on global markets, citing two instances in particular: the 2020 rally in gold and Bitcoin, and the December 2021 Christmas reversal rally in global risk assets. Weston then finishes with how the lira may impact markets, including the Japan equity markets, gold, and Bitcoin in the given market setup, with the runoff elections looming at the end of the month. -- Follow Market Depth On Spotify: https://spoti.fi/3mVTs9U Follow Market Depth On Apple Podcasts: https://apple.co/40dA2vm Follow Weston: https://twitter.com/acrossthespread Follow Blockworks: https://twitter.com/Blockworks_  Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

When Fatih started his sticker business Stikkernet, his peers asked him, “You're a developer; why don't you write this from scratch?” His response? “Why should I?”Today, I'm talking to my dear old friend Fatih Kadir Akın — or fka for short. We discuss his unexpected journey of building a successful business out of a simple idea. Fatih shares his experience with building Stikkernet and how he grew his audience through community building. We chat about the challenges of logistics when shipping internationally and how Fatih found solutions that worked so well it lead to an exit.My new podcast project: Arvid & Tyler Catch Up / https://catchup.fmThe blog post: https://thebootstrappedfounder.com/fatih-kadir-akin-selling-a-global-sticker-business/The podcast episode: https://share.transistor.fm/s/155fff77The video: https://youtu.be/ijU4vYrBDwoYou'll find my weekly article on my blog: https://thebootstrappedfounder.comPodcast: https://thebootstrappedfounder.com/podcastNewsletter: https://thebootstrappedfounder.com/newsletterMy book Zero to Sold: https://zerotosold.com/My book The Embedded Entrepreneur: https://embeddedentrepreneur.com/My course Find Your Following: https://findyourfollowing.comThis interview is sponsored by Acquire.com (00:00) - Introduction (02:51) - Stikkernet (10:05) - How Fatih became a sticker expert in Turkey (18:28) - The perfect product for community-based marketing. (29:02) - Sticker Mule (33:03) - What is developer relations? (38:17) - Do you still get to code? (41:52) - Community-building (47:54) - The pressure of starting a business.

A monthly review of US international tax-related developments. In this edition: President Biden releases FY'24 Budget with major international policy proposals – US Treasury official says permanent safe harbor under BEPS Pillar Two GloBE rules unlikely – OECD holds public consultation meeting on BEPS 2.0 global minimum tax compliance and tax certainty – US officials offer insights on pending international tax regulatory projects – Turkish Lira's hyperinflationary status has US federal tax implications for MNEs – IRS announces guidance plans on certain NFTs as collectibles – IRS planning new APA process – IRS considering Section 482 regulation for parent's implicit support in pricing intercompany loans.

Heading into a very consequential March FOMC meeting later today, Weston Nakamura examines market positioning - particularly focusing on what the real-world market implications from extreme and unprecedented levels of rate volatility are. Macro hedge funds such as Jupiter are seeing their worst performances ever, while Graticule Asia has shut down as a result of the erratic markets of late. Weston also flags Hong Kong's HIBOR rate spike, and the Turkish Lira breaking into new lows. Finally, Weston discusses FOMC market expectations, and his views on the post-Fed meeting trading environment. -- Follow Market Depth On Spotify: https://spoti.fi/3mVTs9U Follow Market Depth On Apple Podcasts: https://apple.co/40dA2vm Follow Weston: https://twitter.com/acrossthespread Follow Blockworks: https://twitter.com/Blockworks_  Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

A review of the week's major US international tax-related news. In this edition: US Treasury Secretary testifies before Senate Finance Committee on FY ‘24 budget; Republican members voice concern over BEPS 2.0 negotiations – Turkish Lira's hyperinflationary status has US tax consequences.

Bitcoin Magazine Podcast ✓ Claim Podcast Notes Key Takeaways Money and currency are two different thingsMoney is economic energy, while a currency is a method of moving economic energy across time and space that is typically designated by a government Fiat currencies are a method of moving economic energy, but they dissipate energy over timeFor example, the US dollar dissipates energy at a rate of about 15% per year, and the Turkish Lira dissipates about 70% of its energy per yearBitcoin could become a $250 trillion ecosystem without threatening any nation state by demonetizing gold, then real estate, then corporate bonds, equities, etc.It doesn't have to “replace” anything; it can partner with people, companies, and nations and improve them “If you want to watch how Bitcoin Hyperization happens, watch how dollarization happens … and does it happen with bloodshot or without bloodshed.” –  Michael SaylorHe doesn't think it's practical for the world to collectively adopt a Bitcoin standard anytime in the next few decadesAs Bitcoin grows and becomes more understood, rational nations will embrace Bitcoin holders, miners, and companies, which will result in more favorable policies toward Bitcoin“Sound money in the 19th century was gold. Sound money in the 21st century is bitcoin.” – Michael SaylorBitcoin is just the introduction of a better technology; it is not “coming to get” anyone or anythingThere don't have to be losers if Bitcoin adoption continues; everyone can winInstead of “Bitcoin fixes this”, the more appropriate meme is “Bitcoin improves this”Read the full notes @ podcastnotes.orgMichael Saylor (@Saylor) and Aleks Svetski (@GhostofSvetski) have a long-form conversation about the implications of Bitcoin and its effects on the world we live in today. Lower your time preference and lock-in your Bitcoin Amsterdam conference tickets today! https://b.tc/conference/amsterdam Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount!  https://b.tc/conference/2023 Use promocode: BMLIVE for 10% off everything in our store! https://store.bitcoinmagazine.com/

Bitcoin Magazine Podcast ✓ Claim Podcast Notes Key Takeaways Money and currency are two different thingsMoney is economic energy, while a currency is a method of moving economic energy across time and space that is typically designated by a government Fiat currencies are a method of moving economic energy, but they dissipate energy over timeFor example, the US dollar dissipates energy at a rate of about 15% per year, and the Turkish Lira dissipates about 70% of its energy per yearBitcoin could become a $250 trillion ecosystem without threatening any nation state by demonetizing gold, then real estate, then corporate bonds, equities, etc.It doesn't have to “replace” anything; it can partner with people, companies, and nations and improve them “If you want to watch how Bitcoin Hyperization happens, watch how dollarization happens … and does it happen with bloodshot or without bloodshed.” –  Michael SaylorHe doesn't think it's practical for the world to collectively adopt a Bitcoin standard anytime in the next few decadesAs Bitcoin grows and becomes more understood, rational nations will embrace Bitcoin holders, miners, and companies, which will result in more favorable policies toward Bitcoin“Sound money in the 19th century was gold. Sound money in the 21st century is bitcoin.” – Michael SaylorBitcoin is just the introduction of a better technology; it is not “coming to get” anyone or anythingThere don't have to be losers if Bitcoin adoption continues; everyone can winInstead of “Bitcoin fixes this”, the more appropriate meme is “Bitcoin improves this”Read the full notes @ podcastnotes.orgMichael Saylor (@Saylor) and Aleks Svetski (@GhostofSvetski) have a long-form conversation about the implications of Bitcoin and its effects on the world we live in today. Lower your time preference and lock-in your Bitcoin Amsterdam conference tickets today! https://b.tc/conference/amsterdam Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount!  https://b.tc/conference/2023 Use promocode: BMLIVE for 10% off everything in our store! https://store.bitcoinmagazine.com/

Another fiat currency has succumed to hyperinflation! This time it is the Turisk Lira, which is just now reaching its highest level of inflation since 1998, at 73%! In this video we're going to look at - What is causing this - What they're planning to do about it - What you can do about it Because this is not where its going to end but it is yet another domino that's collapsing on the way to every single fiat currencies' collapse.

Emerging market currencies have come under pressure, shedding some of the gains made earlier in 2022. On a year-to-date basis, the Turkish Lira is down 22.8% against the dollar while the rand is down 0.7% over the same period. Business Day TV touched base with RMB's Fixed Income and Currency Strategist Kim Silberman, and discussed whether a rebound is anticipated this year as growth concerns continue to unnerve investors.

Welcome to Blockstream Talk today's conversation is with Kerem Tibuk of BTCTurk one of the longest-running exchanges in the business. In times of extreme currency distress or aggressive, Capital controls, Bitcoin becomes the safe-haven asset of last resort and we see prices spike around these kind of events. Kerem offered his boots on the ground assessment of how these kind of events can translate into real world Bitcoin adoption. We also discussed the many trials and tribulations of being an exchange operator, in what is still a very hostile world. Enjoy the conversation. Don't forget to like, subscribe and share.

The Turkish government announced its decision to eliminate tariffs for the import of cereals. What factors are involved? Why the elimination of tariffs on cereals specifically? With global inflation and the weakening of the Turkish Lira, the answer seems to be multi-faceted.Tridge's Engagement Manager Ferhat Erdem joined us from Turkey to share his insight into the situation.For more information on today's episode, read our article on Turkey's Zero-Tariff Policy here.Want more agricultural insights? Get smarter and stay updated on the most important agricultural updates through www.tridge.com/intelligence-data.

This episode was recorded on Jan. 27 and aired for premium subscribers on Feb. 2, without ads or interruptions. To become a premium subscriber and take advantage of a host of other benefits (including the Daily Contrarian briefing and podcast), sign up through Substack or Supercast. Dave Fishwick joins the podcast to make the argument for investing in the Turkish lira after it dropped half its value versus major currencies. The appeal is not just the value but the carry, resulting in the equivalent of 30% to 40% annual interest income. To Fishwick and his team, the trade is not only contrarian but an example of the type of idiosyncratic idea that has no correlation to other parts of the portfolio. The conversation is not limited to Turkey but expands to the U.S., China, and other emerging markets during the second half of the episode. (This podcast was recorded in person at the iConnections conference in Miami. The acoustics were not ideal and there is some background noise as a result. Apologies for the inconvenience.) Content Highlights The macroeconomic policy experiment in Turkey, where the country's central bank took the highly unorthodox step of combating a sovereign crisis by reducing interest rates. The Turkish lira went into freefall as a result (2:24); The lira looks attractive on a real basis, but the real appeal comes in the so-called carry, an often-forgotten part of foreign exchange markets. How this works (3:29); Some background on the strategy by the Central Bank of the Republic of Turkey, which is on the surface frightening. But therein lies the appeal (5:22); Why buy the Turkish lira when the CBRT is cutting rates while the Fed is raising rates? (11:07); If the CBRT succeeds with this experiment, could other emerging market countries follow its example? The strategy is not unprecedented... (13:15); Background on the guest (16:19); Fishwick's view on current markets. The market has re-rated asset classes, despite upbeat economic news (18:43); The present situation may appear bizarre, but it not without parallel. Why it's hard to be bearish for the longer-term (21:48); Other areas of the world that are interesting for investors, especially contrarians (24:11); There are "some similarities" with what happened the last time the Fed entered on a sustained interest hiking campaign (2004 to 2007), but many differences. The key? Watch the inflation data, though the Fed's record on engineering soft landings is poor (27:05). More Information on the Guest Website: MandG.com; LinkedIn.

This week on The New Arab Voice, we examine the problems with inflations and the Turkish lira, and President Erdogan's dangerous obsession with low interest rates. We ask how the problems came about, what it means for the country's population, and whether it might threaten the president's rule. Featuring interview with Enver Erkan (@raenver) and Asli Aydintasbas (@asliaydintasbas).And then, Rosie McCabe (@RosieMcCabe3) speaks with the organisers and artists participating in the upcoming Syrian Arts and Culture Festival (SACF).For more information about the SACF, and a full listing of events, you can visit there website: https://sacf.art/This podcast is produced by Hugo Goodridge (@hugogoodridge) and Rosie McCabe (@RosieMcCabe3). Music by Omar al-Fil (@elepheel). Other music by by Blue Dot SessionsTo get in touch with the producers, follow then tweet us at @TheNewArabVoice or email hugo.goodridge@alaraby.co.uk

Fed policy shiftErdogan and the Turkish liraBitcoin miningRussian-NATO conflictNo free market

Join Andrea Heng and Ryan Huang as they digest big pharma Novavax's and Moderna's announcements, a new deal struck by UPS and Boeing, Apple's triple-A rating, plus a currency round-up of the US dollar, Turkish lira and Indian rupee. See omnystudio.com/listener for privacy information.

Larry Shover, Chief Investment Officer at D. Alexander Capital, discusses the US dollar's (/DX) response to the Fed's decision, and how central bank activity is affecting the U.S. dollar. He also talks about how the Turkish Lira falls after the rate cut announcement and the bank of Japan leaves rates unchanged. He then goes over how treasury yields slide lower amid Omicron variant concerns. Tune in to find out more.

The Turkish Cypriot economy is badly hit following the meltdown of the Turkish lira. Being an import oriented economy based on services, economy in the north was already fragile due to the pandemic. The depreciation of the Turkish lira affected northern part of the island even more than Turkey since the slider at the volume […]

In this report by Hatice Kamer from Amed, the Turkish Lira continues to plummet, and it's taking a toll on the communities and individuals within. - Lem raportey peyamnêrman Hatice Kamer le Amêd e we, basî berdewam bûnî dabezînî nerxî parey Turkî dekat u çon karîgerî hebuwe le ser nawçekan u daniştûwanekan, weku xwardin, kel u pel, u řojaney kesekan be taîbetî koçberekanî Turkîye.

In this week's episode, I talk to Piers about a new variant of the coronavirus (B.1.1.529) which has been identified in South Africa. Although case rates are low, early signs suggest the new variant is out-competing others far faster than Beta and even Delta. We review how markets have reacted and what to look out for next.The other big story of the week was that US President Joe Biden announced Monday that he is renominating Jerome Powell for a second term as Federal Reserve chair. We discuss what this means in the context of an improving labour market and heightened inflation after Goldman Sachs said they believe the Fed will now accelerate their taper programme to $30bln/mth come January.A final comment is reserved for what the heck happened in Turkey this week after the Lira collapsed 15% on Tuesday! We explain the rationale behind Erdogan's unorthodox views and what it means for international and domestic investors.Sign up for the Daily Market Maker newsletter www.amplifyme.com/market-maker. See acast.com/privacy for privacy and opt-out information.

In Episode 53 of Magic Markets, we kicked things off with a brief discussion on Jerome Powell (who is now apparently considered “hawkish”) and the Turkish Lira, which is rather broken. We then moved from fiscal balance sheets to company balance sheets. In particular, we explored what happens when bad balance sheets happen to good people. In the aftermath of the pandemic, we’ve seen companies struggle with unsustainable debt. In some cases, this is an opportunity for large new equity investors or existing anchor shareholders to increase their stakes at a depressed valuation. By working through examples like Tongaat, Brait and EOH, we show how important the balance sheet can be. Magic Markets is your invitation to be part of our discussions on macro themes and company-specific news in the markets.

Anastasia Amoroso, iCapital Network Chief Investment Strategist, says the damage to the Turkish Lira has been self-inflicted. Mark McCormick, TD Securities Global Head of FX Strategy, says the market has completely lost confidence in Turkey. Michael Feroli, JPMorgan Chief U.S. Economist says the U.S. labor market looks pretty healthy and is getting back to normal. Wendy Schiller, Brown University Taubman Center for American Politics & Policy Director, says Democrats need to show they can still govern otherwise they'll lose suburban voters. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Hatice Kamer's report from Diyarbakir is about the weakening  economic situation in Turkey and the devaluation of the Turkish lira. The report also mentions the Deputy Chairman of the Kurdistan Socialist Party (PSK), Bayram Bozyel, who was arrested on the 8th of November, and other topics in the report. - Raporta Hatice Kamer ji Amedê li ser rewşa ekonomî ya Turkiyê û bêqîmetiya lîreya Tirkîyê ye. Herweha di raportê de behs li ser cîgirê Serokê Partîya Sosyalîst ya Kurdîstanê (PSK) Bayram Bozyel ku di 8ê mehê de di operesyoneke 'terorî de' tê girtin dibe, û babetên din di raportê de hene.  

Julia Chatterley is live from New York. We bring you the first part of Facebook whistleblower Frances Haugen's testimony in the UK.   Facebook fury! Facebook whistleblower Frances Haugen testifies in the UK, as leaked Facebook Papers plunge the tech giant deeper into crisis. Lira losses! Turkish President Erdogan threatens to expel western diplomats, the currency plunges. Bumper buyback! HSBC plans a $2 billion splurge as profits jump.   It's Monday, let's make a move. To learn more about how CNN protects listener privacy, visit cnn.com/privacy

Haydar Acun is the Founder and CIO of Marmara Capital, an Istanbul-based asset management firm. Marmara is a value-oriented fund focused entirely on Turkish Equities. As a long-only stock picker, Haydar has been able to generate remarkable returns despite the unprecedented volatility in the Turkish Lira. In this episode, Haydar talks about his deep value roots, love of music and run-in with legendary investor David Swenson. "It's important to know how management is aligned with shareholders." - Haydar Acun. "Volatility creates enormous opportunities." - Haydar Acun. To learn more about Haydar please visit www.marmaracapital.com.tr/en/. To learn more about Richard please visit www.thinkaen.com.

Turkish Lira tanks days after central bank head replaced following interest rate hike To find out more, watch the video now! To get your audiobook copy of #TheBigSilverShort go to: https://arcadiaeconomics.com/thebigsilvershortaudio/ To get the paperback version of “The Big Silver Short” go to: https://www.amazon.com/gp/product/B08BFL34T9/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 - To support the petition to ban #JPMorgan from trading in the #gold and silver #markets go to: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver - To buy physical silver and get the best price in the country email: Arcadia@MilesFranklin.com Or call: 833-326-GOLD (4653) (you can also ask about their gold for silver swap program) - To buy or sell gold, #silver, #platinum, or #palladium through our #preciousmetals sponsor #MilesFranklin (who's offered to match or beat any price in the country) email: Arcadia@MilesFranklin.com Or call: 833-326-GOLD (4653) (you can also ask about their gold for silver swap program) - Click here to subscribe to Arcadia's Youtube channel: http://bit.ly/2t1HKOj - To support the show go to: https://arcadiaeconomics.com/supporttheshow/ -https://www.youtube.com/watch?v=hOdnC87boxQ&t=2s Follow Arcadia Economics on Twitter: https://twitter.com/ArcadiaEconomic - For Arcadia's precious metals trading and option consulting, email: consulting@arcadiaeconomics.comSubscribe to Arcadia Economics on Soundwise

Dan and Catherine discuss the key language from this story.

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