Did Erdogan break Turkish politics by empowering the presidency—or was it broken already?

Experts from the Council of Councils rank managing the global economy the second highest priority on the global agenda and graded the world's performance on the issue a middling C+. 

While it is true that bullish equity markets are out of step with the historic contraction in the real economy, to say that they are disconnected from it misses the point. In fact, the lofty valuatio…