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Tag "Gary Littlejohn"

Turkey’s Economic Crisis: Limited Options (UPDATED)

by Gary Littlejohn for The Saker Blog It is said that when Groucho Marx was asked how he went bankrupt, he replied “Slowly at first, and then much more quickly”. The Turkish Lira had started to slide slowly and then last week it went down much more quickly. The context for this was made clear by the Moon of Alabama on 10th August, on the very same day that the

Future Paths for the Russian Economy?

by Gary Littlejohn for The Saker Blog Part 1: Divergent views on the Russian Economy While there is widespread consensus in the West about the nature of Russian politics and the Russian economy, my own view is that the Western consensus is wide of the mark, being based on a naive acceptance of stereotypes that are at best outdated, originating as they do from either the Yeltsin years or the

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