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News lately are more or less spinning around the problems of the banks and volatility of currencies or inflation. The saga of banks collapsing is still reaping fear in investors. And accordingly, central banks of multiple countries are taking actions. US Fed, ECB and Bank of England decided to raise the interest rates again. ECB announced that it could raise again in May, while US seems it will leave it at this point if circumstances will not dictate otherwise. Fear of investors is always leaving negative impact on the market, and so did this time. I am talking about S&P 500, American index that is tracking 500 American companies. However, it is not the only index suffering at the moment.

Curiosity got better part of me, as probably is the same with many other people, and I went to try what ChatGPT can offer me. I had to admit that I was very surprised. It is something completely new and innovative. It basically knows answer to almost everything (happening before 2021) and can help you in many ways. However, I saw some discomfort of users, when they found out that Microsoft decided to charge a subscription for it. But hey, on the other hand, they need to get the investment back in some way. And to make things even worse, ChatGPT got a competition – Bard, AI of Google.

Among the news about the collapse of Credit Suisse, and how UBS agreed to buy them for a little over 3 billion USD, there was another interesting news that caught my attention – Turkish lira is rapidly falling and is on the record low against American dollar.  Lira has always been very volatile, compared to other currencies, but this was something else rather than normal volatility. I decided to dig in and check what is the cause.

Almost any news site that I opened, was reporting about the ECB’s decision yesterday to raise the interest rates for 0,5 point. And almost every article was guessing, what this could mean amidst the bank crisis around the world. In other articles there were news about the fall of Credit Suisse. I decided to make here a summary of things that I found out, to easier decide about the trade later.

I quickly jumped to the store in the morning to buy eggs for breakfast, and I was negatively surprised about their price. I understand that inflation and everything could push the price up, but 80% and more for the eggs compared to when I bought few months ago is a little too much. I decided to investigate the matter immediately.