The Best Cyprus Community

Skip to content


When will Turkey's economic bubble burst?

How can we solve it? (keep it civilized)

Re: When will Turkey's economic bubble burst?

Postby DrCyprus » Fri Sep 13, 2013 9:05 am

kimon07 wrote:
Lordo wrote:any news how much gas there is in the sea yet. i hear it was grossly exaggerated and it will be adjusted 90% down



Where did you hear that? Hurryiet daily news? Jusuf Kanli???? :lol: :lol:


Lordo thrives with every single fart Kanli gets published.
DrCyprus
Regular Contributor
Regular Contributor
 
Posts: 1401
Joined: Sun Jan 27, 2013 4:51 am

Re: When will Turkey's economic bubble burst?

Postby supporttheunderdog » Fri Sep 13, 2013 4:12 pm

DrCyprus wrote:
kimon07 wrote:
Lordo wrote:any news how much gas there is in the sea yet. i hear it was grossly exaggerated and it will be adjusted 90% down



Where did you hear that? Hurryiet daily news? Jusuf Kanli???? :lol: :lol:


Lordo thrives with every single fart Kanli gets published.

and farts is all the natural gas the illegal trnc has
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8155
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: When will Turkey's economic bubble burst?

Postby DrCyprus » Fri Sep 13, 2013 11:53 pm

supporttheunderdog wrote:
DrCyprus wrote:
kimon07 wrote:
Lordo wrote:any news how much gas there is in the sea yet. i hear it was grossly exaggerated and it will be adjusted 90% down



Where did you hear that? Hurryiet daily news? Jusuf Kanli???? :lol: :lol:


Lordo thrives with every single fart Kanli gets published.

and farts is all the natural gas the illegal trnc has


shhhh :) They don't know they are sitting on stinky gold!!
DrCyprus
Regular Contributor
Regular Contributor
 
Posts: 1401
Joined: Sun Jan 27, 2013 4:51 am

Re: When will Turkey's economic bubble burst?

Postby Lordo » Sat Sep 14, 2013 12:22 am

shhh stop it, otherwise people will wake. wait a little longer then it will be all over.
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 11518
Joined: Wed Oct 05, 2011 2:13 pm
Location: softalar, banana republic

Re: When will Turkey's economic bubble burst?

Postby Demonax » Sat Sep 14, 2013 2:21 am

Erdogan moves against two big Turkish companies and the stock market reacts...

Key Turkish Stocks Plunge After Report of Alleged Coup Links

Shares in two of Turkey's largest family-run companies tumbled on Friday after a pro-government newspaper reported that a case would be opened against both firms for alleged links to a 1997 military coup which deposed the then Islamist government.

Shares in Dogan Holding DOHOL2.IS -6.67% sank nearly 8% after the Sabah newspaper said a complaint had been filed against its owner, Aydin Dogan, who owns one of Turkey's largest media companies. The stock price of Koc Holding AS, KCHOL.IS -0.88% Turkey's largest conglomerate with a market value worth 10% of the benchmark Istanbul stock exchange dropped as much as 4%...

The report of a case against Koc and Dogan comes one day after Prime Minister Recep Tayyip Erdogan said in speech that he was shocked that companies and media which supported the military coup weren't being held accountable.

"Wasn't there a contribution of conglomerates to Feb. 28? Wasn't there a contribution of print and visual media? I'm astonished that why they aren't on trial. I wonder why they aren't called to account," Erdogan said in a speech to industrialists in Istanbul.

Prime Minister Erdogan criticized Koc Holding in June after the company allowed antigovernment protesters to shelter in one of the company's Divan hotel chain. In July, Turkey's finance ministry launched an investigation into the tax affairs of Turkey's main refiner Tupras and liquefied natural gas company Aygaz, both of which are owned by Koc Holding.

Dogan Holding was fined 4.8 billion Turkish lira—then $3.1 billion—in 2009 after a war of words between Prime Minister Erdogan and Aydin Dogan after Dogan Media Group published reports linking the ruling Justice and Development Party to a corruption case in Germany.


http://online.wsj.com/article/SB1000142 ... 82222.html
User avatar
Demonax
Regular Contributor
Regular Contributor
 
Posts: 1815
Joined: Fri Aug 24, 2012 12:05 am

Re: When will Turkey's economic bubble burst?

Postby kimon07 » Sat Sep 14, 2013 8:08 am

Which emerging markets are most vulnerable to a freeze in capital inflows?
Sep 7th 2013 |From the print edition

THE risk of an abrupt end to capital inflows is now a worry for much of the emerging world. Some places are more vulnerable than others. A large current-account gap implies lots of net borrowing from abroad, which could presage a credit crunch if funding dries up. A high level of short-term external debt relative to a government’s stock of reserves means an economy lacks the means to tide borrowers through temporary difficulties. Rapid credit growth often signals overstretched firms and overvalued asset prices. A more open financial system may boost growth in the long run, but it also makes it easy for capital to flood out fast.........

.............Countries in the red zone are most at risk. South Africa, Ukraine and a clutch of Latin American countries all look vulnerable, but Turkey tops the list. It is running a current-account deficit of over 6% of GDP, its short-term external debt and debt payments amount to over 150% of available reserve assets, and since 2009 credit has grown faster there than it has in any other emerging market in the index. The Turkish lira has already fallen by 13% against the dollar since the start of the year, but it may yet sink further.

http://www.economist.com/news/finance-a ... 4f0f060a07
kimon07
Main Contributor
Main Contributor
 
Posts: 3386
Joined: Sun Oct 16, 2011 9:22 am

Re: When will Turkey's economic bubble burst?

Postby supporttheunderdog » Fri Mar 06, 2015 12:50 pm

The Lire sinks again....as of of July 24 2013 2.53596/Euro - today? 2.86014 and wobbling.

Worse compared to the dollar.

Inflation? Normally over 6% sometimes up to nearly 10...now 7.55....

Makes Turkish imports expensive....in particular raw materials...
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8155
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: When will Turkey's economic bubble burst?

Postby Lordo » Sat Mar 07, 2015 1:18 pm

lira gavole lira not lire.

a bit of inflation is always good. blooming hell where did you learn your capitalism in soviet union.
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 11518
Joined: Wed Oct 05, 2011 2:13 pm
Location: softalar, banana republic

Re: When will Turkey's economic bubble burst?

Postby Nikitas » Wed Mar 11, 2015 6:00 am

It will happen not with a bang but a whimper. As modern tech expands in the west and manufacturing is repatriated countries like Turkey will find themselves wondering what went wrong. Brasil has many more resources, a vibrant young population and a larger manufacturing base, and it is in crisis, despite the BRIC myth.

I said it before, innovation is the key. Without it the usual policies of export subsidies and "facilities" for investors are short term measures.
Nikitas
Main Contributor
Main Contributor
 
Posts: 7396
Joined: Thu Aug 09, 2007 2:49 pm

Re: When will Turkey's economic bubble burst?

Postby Lordo » Sat Mar 14, 2015 1:59 pm

with lower cost base corporations will always invest in countries like terggy. in the meantime the terks will catch up with technology too. whilst groc and griis remain flat as a gologobitta.
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 11518
Joined: Wed Oct 05, 2011 2:13 pm
Location: softalar, banana republic

PreviousNext

Return to Cyprus Problem

Who is online

Users browsing this forum: No registered users and 0 guests