Cyprus-Forum.com

[Viewpoint]

Your economic knowledge is si limited you cannot think outside of the box, this is a great strategy on behalf of Turkey...you highlight the trade deficit and as soon as action is taken to correct it you slag that off as well, just keep watching the developments then you can evaluate the outcome. At least they have an economy unlike some EU member states.

[CBBB]

Your economic knowledge is si limited you cannot think outside of the box, this is a great strategy on behalf of Turkey...you highlight the trade deficit and as soon as action is taken to correct it you slag that off as well, just keep watching the developments then you can evaluate the outcome and gloat.

VP the economist!! YFronts gave you the brain cell back?

[Kikapu]

Your economic knowledge is si limited you cannot think outside of the box, this is a great strategy on behalf of Turkey...you highlight the trade deficit and as soon as action is taken to correct it you slag that off as well, just keep watching the developments then you can evaluate the outcome. At least they have an economy unlike some EU member states.

I thought Erdogan told us just a week ago, that the Turkish economy will not be effected by any financial downturn in the rest of the world. Since then the Turkish Lira has gone down as well as the Turkish stock market. What happened to Erdogan's predictions, which you believed him at the time ?

Turkey doesn't know what to do next, because whichever way she goes, it will create more problems for her. The TL was already down against most major currencies the last year or so, and yet, Imports were twice as much as Exports. The TL started heading south few weeks ago and the bank tried to intervened to stop it's slide. If Turkey wanted the TL to drop, they wouldn't have tried to stop is back then. The truth is, you can't stop the TL sliding. It is likely to get worse since Turkey's Imports are twice as much as her Exports, it will now cost her more to buy what she needs and help others who buy what they need from Turkey to be cheaper cheaper. There's no gaurantee that Turkey will be able to Export much more since Turkish products were already cheap to begin with. Turkey just doesn't have a lot of things other countries want, or can't buy them elsewhere even cheaper, but with the lower TL, Turkey will need to spend more to pay for the Imports, therefore, the FTD may in fact go even higher.

Then you need to worry about the inflation factor on top of everything else with the lower TL, since everything Turkey Imports will cost much more. Turkey's young population is not going to stop buying imported goods. That would mean that the wages need to rise in Turkey, which increases cost on companies, which reduces growth. The stock market is taking a dive, because they can see growth in Turkey will be very much reduced than what they had hoped to be. All in all, it is not a pretty picture. What Erdogan and you do not realise is, if things go bad in Europe and the USA, it is going to be bad in Turkey also, if not worse.

[Viewpoint]

Doom and gloom is your forte when it comes to Turkey but this is a man who still defends the the Greek economy.

[boomerang]

Doom and gloom is your forte when it comes to Turkey but this is a man who still defends the the Greek economy.

this is what happens when interests rates are lowered beyond markets expectations...

1...currency falls - well we have seen plenty of that...turkish lira the worst currency world performer thus far
2...hot money disappears - well again is well dependant on hot money, earning good return for investors, money dries up jobs sart drying up
3...locals have cheap interest rates to pay the loans back - provided thsy have jobs, imports more expensive, meaning standard of living starts to decline.

the problem here for the turks is they build their economy on hot money and now they are gonna pay...in a way they had to stop the hot money because they were getting into more debt...the question here is, have they got the cash to cover the now lost cash cow of hot money?...obviously world markets seemed to disagree by the way the kick the lira down like a hot potato...time will tell if every turk would have the priveledge of becoming a millionaire/billionaire again...

[Kikapu]

Doom and gloom is your forte when it comes to Turkey but this is a man who still defends the the Greek economy.

Wrong again, Einstein.

Wed May 05, 2010 4:00 pm

Can I ask a "dumb" question here.??

Just what is it that these people in Greece are protesting about.??

As the saying goes "No Money, No Honey".!

The party is over. It has been over for the last two years, it's just that some have not yet woken up to the realities of what has been, what it is, and what's yet to come. I'm not just talking about the Greeks and Greece here, but by and large all those who has been on the binge with others "free money" at their disposal to do as they pleased with virtually zero accountability. Well, guess what people, the fucking party is over. Get used to it. It is time to pay for all your mistakes in thinking that the "gravy train" would just keep on rolling just to provide you with your "financial fixes" so that you can work less and make more, buy that house(s) that was going to be bigger and better than your friends and other family members, drive that hot car that you always wanted but couldn't afford it when you had to work for your money and had responsibilities to take care of.

But everything became possible to have the life of the Rich & Famous" when "free money" was passed to all those whom wanted it, given by your local friendly bank manager, and you thought it was your birthday again, and again, and again and again to receive such wonderful gifts with just a blink of an eye. It was your own version of the "groundhog day" with free money, money, money everywhere. Yeah right.! What morons.

They never heard of "What goes up must come down" before.! Really, they haven't. What Morons.! So now, all those who are protesting, it is time time to wake up and get back into the real world. It's time to roll your sleeves and start working for your fucking money again, and since you were on a such a binge in spending, you are going to have to work more for less now, because you were spending others money and not yours, and now they want it back.

You will work more and receive less for it. You had your fun, you impressed your friends with what a "high roller" you were, you had those wonderful holidays in the sun, but it's time for you to pay the bills. No you fucking moron, it was not free money and no, it was not your fucking birthday every morning when you woke up. You were in the Fantasy Land along with all the other morons who thought they had just discovered the "secrets to life's happiness". No you moron, what you should have discovered was, that your discover credit card was busting at it seams of being overloaded with debt.

Now, stop complaining by blaming others for your binges that you could not afford in the long run. Time to wake up and shut up and not fight in the streets just because you are now told to pay back all your "free money" you have gotten. The owners want it back, and they want it........NOW.!!

cyprus29745.html

[Pyrpolizer]

VP take my advice. You are top provocateur, concentrate on what you are good at and leave the economics to others.

[Pyrpolizer]

Anyway what conclusion do we get from all this discussion?
I get only one: That we can fight Turkey economically, and make her pay her ass.So either she leaves from here or we will cooperate with others to split her in 5 pieces and let the Americans start milking to get their money back.

[Viewpoint]

Pyro and what if you are wrong??? which I believe you are, GCs including Kikapu want to annihilate Turkey so do you think they will defend her economy or anything else for that matter....ıf you go back a few years we have all been told Turkeys economy is about to crumble yet she turned it around is doing better than even EU member states...yet you Turk haters ask us to take you seriously. As time passes the years prove exactly how wrong you would be economists are, stabbing in the dark amateurs.

[Pyrpolizer]

Pyro and what if you are wrong??? which I believe you are, GCs including Kikapu want to annihilate Turkey so do you think they will defend her economy or anything else for that matter....ıf you go back a few years we have all been told Turkeys economy is about to crumble yet she turned it around is doing better than even EU member states...yet you Turk haters ask us to take you seriously. As time passes the years prove exactly how wrong you would be economists are, stabbing in the dark amateurs.

We are not TURK HATERS, we are Turkey (Turkiye) haters! For your information there are also Kibrislis what are Turkey haters as well as mainland Turks. The state of Turkey is a fascist state that violates en masse human rights against it's own citizens (it has the #1 record of violations at ECHR) and hell who invaded my own country, and still kept here like a snake? Who expelled me from my home, who stole my lands, who is currently trying to replace ALL the kibrislis with settlers?

You ask "what if we are wrong". I will not pretend I am an expert in economics,that's why I asked before what conclusion do we get from this discussion. Reading the input of others, it seems to me they are right, and that's good news for the liberation of my country through economic war. Inshallah Turkey eventually breaks in 5 pieces