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Turkey Downgraded by Credit Rating Agency

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Re: Turkey Downgraded by Credit Rating Agency

Postby B25 » Fri May 04, 2012 9:54 pm

Where's VP when you need him????
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Re: Turkey Downgraded by Credit Rating Agency

Postby bill cobbett » Fri May 04, 2012 10:00 pm

B25 wrote:Where's VP when you need him????


VP was last seen wearing a life-jacket at the back of a huge crowd trying to withdraw their deposits from a Turkish Bank in Occupied Nicosia.
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Re: Turkey Downgraded by Credit Rating Agency

Postby Cap » Fri May 04, 2012 10:05 pm

bill cobbett wrote:
B25 wrote:Where's VP when you need him????


VP was last seen wearing a life-jacket at the back of a huge crowd trying to withdraw their deposits from a Turkish Bank in Occupied Nicosia.


:lol:
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Re: Turkey Downgraded by Credit Rating Agency

Postby dinos » Sat May 05, 2012 3:56 am

CBBB wrote:
dinos wrote:Just taking an opportunity to remind everyone that the ratings agencies with their pay-for-ratings business models, have rendered themselves moot. Whether it's Spain, Italy, Turkey or the US, they aren't telling people anything they haven't already known for quite some time. Aside from the potential for a small amount of short-term volatility, they are irrelevant and have no influence on markets whatsoever.


Tell that to the countries that have been downgraded and then explain to them why they have to pay exorbitant interest rates to borrow money.


They are not in the shit because they got downgraded - they are in the shit because they have legitimate problems. The ratings agencies have nothing to do with that, and often the ratings cuts are so late that they may as well have never happen at all.

Even more embarrassing for them (S&P in particular) is their ratings cut of the US, whose stock markets have significantly appreciated since the cut. At least Fitch will keep their mouths shut until the election finishes up. :lol: :lol: This bunch of idiots is wrong as often as they're right, if not a little more.

I can't think of any recent countries that were able to hide serious problems that only the ratings agencies could sort out. Market participants can almost always sniff the trouble out and start adjusting well before the ratings agencies insert themselves into the fray.
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Re: Turkey Downgraded by Credit Rating Agency

Postby Jerry » Sat May 05, 2012 12:35 pm

Looks like more bad news for Turkey, the EU (you know, the club that Turkey does not want to join) will not cough up additional cash for its alignment process. One would hope/expect that sooner or later Turkey will be faced with making a choice of recognising the ROC or losing the handout.

"The European Union announced on Friday it will not be able to meet Turkey's demand for an increase in funds aimed to help the country align itself with EU standards. A delegation consisting of nine members of the European Parliament's Committee on Budgets visited Turkey from May 2-4, 2012"

http://www.todayszaman.com/news-279442- ... funds.html
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Re: Turkey Downgraded by Credit Rating Agency

Postby B25 » Sat May 05, 2012 12:54 pm

No shit! What took them so long, but then again Turkey does not need the EU, the EU needs turkey :)
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Re: Turkey Downgraded by Credit Rating Agency

Postby Hermes » Sat May 05, 2012 1:14 pm

Jerry wrote:Looks like more bad news for Turkey, the EU (you know, the club that Turkey does not want to join) will not cough up additional cash for its alignment process. One would hope/expect that sooner or later Turkey will be faced with making a choice of recognising the ROC or losing the handout.

"The European Union announced on Friday it will not be able to meet Turkey's demand for an increase in funds aimed to help the country align itself with EU standards. A delegation consisting of nine members of the European Parliament's Committee on Budgets visited Turkey from May 2-4, 2012"

http://www.todayszaman.com/news-279442- ... funds.html


Why are accession funds being given to Turkey when its accession negotiations are all but frozen? It's a farce that the EU is giving any funds to these jokers.
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Re: Turkey Downgraded by Credit Rating Agency

Postby PC Bubble » Sat May 05, 2012 2:45 pm

Today's Zaman.

A leading RBS economist Timothy Ash, global head of emerging market research states that Erdogan is right to question Standard & Poors decision.

He must be .

A. A Turk lover.

B. A Carpetbagger.

C. Correct.

Which is it, all you financial experts ?
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Re: Turkey Downgraded by Credit Rating Agency

Postby B25 » Sat May 05, 2012 2:53 pm

PC Bubble wrote:Today's Zaman.

A leading RBS economist Timothy Ash, global head of emerging market research states that Erdogan is right to question Standard & Poors decision.

He must be .

A. A Turk lover.

B. A Carpetbagger.

C. Correct.

Which is it, all you financial experts ?


Only a british prick like you would read the Zaman and take it as gospel. Talk about bias. Oh he must also be A, B and a twat.

remind me again, isn't RBS the bank that went to the wall and the UK had to buy them out???? Some economists a??
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Re: Turkey Downgraded by Credit Rating Agency

Postby PC Bubble » Sat May 05, 2012 4:04 pm

B52.

As the original headline was in Zaman, is that biased too?

Another predictable reply from an uneducated peasant.
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