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Command Economy Taking Biggest Toll on Stocks
Command Economy Taking Biggest Toll on Stocks
Sunday, July 22, 2018

Command Economy Taking Biggest Toll on Iran Stocks

Stocks have been mainly losing for the past two weeks after a major rally last month and a not-so-successful rebound that ensued
Sunday, July 22, 2018

Command Economy Taking Biggest Toll on Iran Stocks

Business & Markets Desk

Bulls at Tehran stock market are exhausted, as bears keep swiping indices and prices down. 
Last month's meteoric rally seems like a bygone memory after a huge plunge, an unsuccessful rebound and now two weeks of consecutive losses and steadily shrinking trade value.
Who's to blame? There are a lot of potential targets to point fingers at: Unilateral US sanctions spiking investment risks, a currency shock disrupting the entire economy and making forecasts nearly impossible and the global ebb and flow of commodity prices.
But the primary suspect is the one who took credit for its growth in the first place yet whose policies eroded the rally: the government.

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07/22/2018
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