Cyprus-Forum.com

[Viewpoint]

They stole it.

[kentish]

Ok lets test how much you claim you know why did he cut rates and allow the TL to fall which has now slowed down?

I'll give you the short version, since I don't have the time for the long version and also you will not understand it even if i did, so what's the point.

The intent was to reduce "Hot Money" coming in from outside, which has increased the debts held by the Turks with their ongoing buying frenzy of foreign goods, which has caused the Imports to rise twice as much as Exports, which has created a huge Foreign Trade Deficits. The idea was to discourage foreign "Hot Money", which Erdogan was recently asking the Turks not to spend too much money they did not have. Personally the Turks are hungry for foreign quality goods, therefore they will continue to buy and get further in debt and the Imports will continue to rise and so will the Foreign Trade Deficit, and the further the TL goes down against other major currencies, the greater the FTD will increase, regardless if Turkey's Exports also rise some as a result of the devalued TL. This will also cause higher inflation. While Turkey is importing quality products at higher price, their Exports at lower price will always create a huge differences in the Import-Export exchange, hence the continual FTD, which at some point will worsen the TL more than it already is. By cutting the rates, Erdogan thought he can solve the FTD problem without knowing he was going to make things worse by the TL going down, which the ISE reacted immediately, since it will also effect growth in Turkey.

I believe Turkey is now on a slippery slope heading "south" as far as her economy, currency and the stock market goes. You won't be hearing from Erdogan telling the world what great GDP results they have achieved for a long time to come from now on, or that the EU needs Turkey more than Turkey needs the EU !

PS. The above was dictated to me by my dog.

any chance of a translation into English, oh and is your dog as Greek as you are ?

[Hermes]

PS. The above was dictated to me by my dog.

Put him in charge of the Turkish economy. He'd do better than the current lot...

[supporttheunderdog]

They stole it.

No, they earned it. If anyone's income is based on theft it the so called TRNC living of the proceeds of stolen lands.

[Viewpoint]

They stole it.

No, they earned it. If anyone's income is based on theft it the so called TRNC living of the proceeds of stolen lands.

Earned it? getting handouts from the EU and ripping of the government is more truthful.

[supporttheunderdog]

The vast majority was done and dusted before Cyprus was in the EU: in any event the latest figures suggest Cyus is a net contributor to the EU.

Where does the money come from in the occupied North?

From the occupiers, mostly.

[Viewpoint]

We are talking about Greece.

[Pyrpolizer]

Ok lets test how much you claim you know why did he cut rates and allow the TL to fall which has now slowed down?

I'll give you the short version, since I don't have the time for the long version and also you will not understand it even if i did, so what's the point.

The intent was to reduce "Hot Money" coming in from outside, which has increased the debts held by the Turks with their ongoing buying frenzy of foreign goods, which has caused the Imports to rise twice as much as Exports, which has created a huge Foreign Trade Deficits. The idea was to discourage foreign "Hot Money", which Erdogan was recently asking the Turks not to spend too much money they did not have. Personally the Turks are hungry for foreign quality goods, therefore they will continue to buy and get further in debt and the Imports will continue to rise and so will the Foreign Trade Deficit, and the further the TL goes down against other major currencies, the greater the FTD will increase, regardless if Turkey's Exports also rise some as a result of the devalued TL. This will also cause higher inflation. While Turkey is importing quality products at higher price, their Exports at lower price will always create a huge differences in the Import-Export exchange, hence the continual FTD, which at some point will worsen the TL more than it already is. By cutting the rates, Erdogan thought he can solve the FTD problem without knowing he was going to make things worse by the TL going down, which the ISE reacted immediately, since it will also effect growth in Turkey.

I believe Turkey is now on a slippery slope heading "south" as far as her economy, currency and the stock market goes. You won't be hearing from Erdogan telling the world what great GDP results they have achieved for a long time to come from now on, or that the EU needs Turkey more than Turkey needs the EU !

PS. The above was dictated to me by my dog.

Kikapu just for the sake of discussion and because I want to learn:

What do you mean by "hot money"? Are the money that foreigners have put on investments?
Secondly, since it seems to be currently a surplus of money available to the consumers,that resulted in the frenzy of imports surpassing the exports by 100% with all those chain consequence,s won't there be a point where there befalling of the economy and the devaluation of the lira will by themselves provide an equilibrium/a balance between exports-imports?
Thirdly (only if by hot money you mean the investments money).Won't the situation be reversed as soon as those investments start deliverying?

[Kikapu]

Ok lets test how much you claim you know why did he cut rates and allow the TL to fall which has now slowed down?

I'll give you the short version, since I don't have the time for the long version and also you will not understand it even if i did, so what's the point.

The intent was to reduce "Hot Money" coming in from outside, which has increased the debts held by the Turks with their ongoing buying frenzy of foreign goods, which has caused the Imports to rise twice as much as Exports, which has created a huge Foreign Trade Deficits. The idea was to discourage foreign "Hot Money", which Erdogan was recently asking the Turks not to spend too much money they did not have. Personally the Turks are hungry for foreign quality goods, therefore they will continue to buy and get further in debt and the Imports will continue to rise and so will the Foreign Trade Deficit, and the further the TL goes down against other major currencies, the greater the FTD will increase, regardless if Turkey's Exports also rise some as a result of the devalued TL. This will also cause higher inflation. While Turkey is importing quality products at higher price, their Exports at lower price will always create a huge differences in the Import-Export exchange, hence the continual FTD, which at some point will worsen the TL more than it already is. By cutting the rates, Erdogan thought he can solve the FTD problem without knowing he was going to make things worse by the TL going down, which the ISE reacted immediately, since it will also effect growth in Turkey.

I believe Turkey is now on a slippery slope heading "south" as far as her economy, currency and the stock market goes. You won't be hearing from Erdogan telling the world what great GDP results they have achieved for a long time to come from now on, or that the EU needs Turkey more than Turkey needs the EU !

PS. The above was dictated to me by my dog.

any chance of a translation into English, oh and is your dog as Greek as you are ?

Oh, look people, Kuntish is back!

How can I make it any simpler than the above explanation, when idiots like you still can't distinguish the differences between Greeks in Greece from the Greek Cypriots /Turkish Cypriots in Cyprus?

You can now crawl back into your den !

[Kikapu]

Istanbul Stock Exchange National 100 Index (XU100:IND) drops another -5.010% - VALUE: 50,307.630 TRY on Wednesday after a slight "Dead Cat Bounce" gains on Tuesday!



http://www.bloomberg.com/apps/quote?ticker=XU100:IND