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About income inequalityAh, the great nations of Ethiopia and Afghanistan. Since very low income inequality is, according the far left, the absolute peak of human development, then we can all agree that Kazakhstan, Ethiopia, Afghanistan are among the most prosperous nations of the planet, absolute powerhouses! Every single country that tried "equality" has failed utterly. The ones that lasted longest were those with fossil fuels, and the ones that today can make it work are countries with fossil fuels (Norway...). Sweden is not a complete failed state, this is the socialists of america main point. They have only been socialists for 10 years LOL. Sweden is not a complete failed state YET. They have already began to decline and they barely just started with socialism... On the other side, things are not better. The most inequal countries are in latin america and sub equatorial africa. (en.wikipedia.org www.indexmundi.com) Here is the top 10: You may be aware of the growing popularity of the far right in South Africa (that openly talked of killing all whites). Who are these top 10% in most of those countries? Well that's easy. The ruling class and the ones holding the guns. As long as the military are well armed and well paid, the rulers can keep taking everything for themselves... Great places. But they are idiots. They keep 99% of the pie. But the pie is tiny. Not worth it. The USA, with their current culture of overpaying CEOs, giving them golden parachutes, paying the shareholders and ignoring the workers, short term profit more more moar, are drifting towards that extreme inequality... Long term is NOT bullish. The answer of the people of America was voting for Trump in 2016, and nearly having Bernie Sanders run for president on the left (Hilary barely beat him ~55% to ~45%). And things have gotten way worse. And until the USA goes back closer to the center things will just keep getting worse. The right is blaming foreign nations & illegal migrants, the left is blaming straight white men. Both are (obviously) wrong and stupid. Apes. Sweden, or some call it Swedistan, are the generational short at the moment, until something changes... I think the far right is on the rise there, maybe they jump to the other extreme. But I doubt it. Long term outlook is "it's going to ZERO", keep an eye on politics there. A change of mentality can change things very rapidely. When Germany went full fascist in the 1930s their currency and economy recovered faster than you could say "why is the margin clerk calling me". Of course we all know what happened after that initial short term relief euphoria. Turkey is in a downtrend and have high inequality but I am not sure about the situation there. I want to see what happens after Erdogan. Maybe same as Venezuela after Chavez? XD RIP. It seems logical to me that the perfect situation is in the center, but even if this is not obvious enough, history has shown that this was the most prosperous environment. Economists agree that inequality is good, and necessary. Anyway, how is the guy that puts groceries in bags getting rewarded the same as Henry Ford fair? Lmao. It does not matter if you agree or disagree with politics, really hate the far right NAZI and do not want their economy to go well (short term). If you ignore facts and numbers the margin clerk will call you regardless of your views ;)
TVC:DJIEducation
by MrRenev
4
Bullish pennant formation on USD/TRYDue to Turkish holiday TRY will be traded weakly until Thursday. At these times, values can be more volatile. We can clearly see the bullish pennant formation on USD/TRY. Tomorrow we have to carefully watch the value. If it will break the pennants resistance, value may go up to 5,62-5,65 channel. We can see that there will be a steep movement from the narrowed bollinger bands. Parabolic SAR shows the downturn and also moving average does not support the upmove so that we can also expect a steep down move. In case of a down break reaction, we have to watch 5,53 support line. Good luck all.
Long
by Emrut
USDTRY LongAdmittedly, I've not made a good call on the Lira so far this year. Fundamentally the Lira is way overvalued at ~5.60, it's probably overvalued even at $6 but the CBRT has found clever ways to prop up the currency through swaps (and a billion or so in borrowed Yuan). all that said, the algo is signalling long here, so I'll be taking a smaller position to balance risk in the event Trump decides to intervene in the dollar directly since the DXY is back over 98 (again) so a Trump tweet seems likely.
Long
by blackpowdertrading
USD/TRY: Important S&R zoneHello dear USD/TRY traders, merhaba arkadaslar! ;) The USD/TRY has arrived at the previous important S&R zone of 5.45-5.50. We should see a bounce going on from here, even if it's only short term. If not, previous lows at 5.15 will be activated. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges. Selamlar, Deniz from Edgy
Long
by Edgy_
4