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Turkey is bankrupt

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Re: Turkey is bankrupt

Postby repulsewarrior » Mon Aug 08, 2022 7:37 pm

...good to hear from you erolz.

...indeed, Rolls Royce; when you look at it that way.
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Re: Turkey is bankrupt

Postby erolz66 » Mon Aug 08, 2022 7:57 pm

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Re: Turkey is bankrupt

Postby Kikapu » Mon Aug 08, 2022 9:05 pm

erolz66 wrote:
rr.JPG


Are a possible steal right now but I don't do shares. Ill stick with what I know.

The problem with RR for the last 2 years have had many "dead cat bounces" enticing the reckless to jump in with both feet to find out they were jumping into quicksand instead. I do like their long term innovative prospects however and it may be worth taking a punt with them if I was willing to wait for 10 years to get a good return. Yes, possibly! :wink:
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Re: Turkey is bankrupt

Postby repulsewarrior » Mon Aug 08, 2022 9:33 pm

Kikapu wrote:
erolz66 wrote:
rr.JPG


Are a possible steal right now but I don't do shares. Ill stick with what I know.

The problem with RR for the last 2 years have had many "dead cat bounces" enticing the reckless to jump in with both feet to find out they were jumping into quicksand instead. I do like their long term innovative prospects however and it may be worth taking a punt with them if I was willing to wait for 10 years to get a good return. Yes, possibly! :wink:


https://www.rolls-royce.com/innovation/ ... ors.aspx#/

...indeed such research is very exciting; there is leadership across the globe. China leads, having the infrastructure such plants need as well.
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Re: Turkey is bankrupt

Postby Maximus » Tue Aug 09, 2022 6:20 pm

Precious metals mate, look at precious metals.

Rolls Royce needs them as well. :wink:
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Re: Turkey is bankrupt

Postby repulsewarrior » Tue Aug 16, 2022 11:16 pm

...we have seen this before; money which appears out of nowhere: the shoe boxes i think, that's how much there is.

In the four and a half years from 2018 through the first half of 2022, inflows of unknown origin became the main means of financing a current account deficit totaling some $98 billion, official data show. Such inflows covered 45% of the gap, while the share of coverage of incoming foreign funds dropped to 23.5%. The remaining shortfall was met at the expense of burning through $31.5 billion in central bank reserves. Consequently, the lira lost 68% of its value in the same period. The price of the dollar averaged over 15 liras in the first half of 2022, up from 4.8 liras in 2018.


Read more: https://www.al-monitor.com/originals/20 ... z7cAFTSrVy
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Re: Turkey is bankrupt

Postby repulsewarrior » Sun Aug 21, 2022 1:12 am

https://www.reuters.com/world/middle-ea ... 022-08-18/

ANKARA, Aug 18 (Reuters) - Turkey's central bank said on Thursday it delivered a surprise interest rate cut to drive economic growth and sustain employment amid growing geopolitical risk, adding rising loan rates have diminished effectiveness of monetary policy.

Even as inflation rose to nearly 80% in July, the bank slashed its key rate to 13% from 14%.
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Re: Turkey is bankrupt

Postby Maximus » Sun Aug 21, 2022 11:26 am

Genius, keep doing the same thing but expect a different result.
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Re: Turkey is bankrupt

Postby repulsewarrior » Thu Sep 08, 2022 3:53 pm

...on Turkey



...lots of charts, lots of interesting information to digest.
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Re: Turkey is bankrupt

Postby Maximus » Thu Sep 22, 2022 4:49 pm

Wretched tyrant endorgan really wants to pulverize the people some more doesn't he.

While other major central banks are raising interest rates to slow down inflation, he wants to accelerate it and narrow the interest rate differential between major currencies some more. His puppet reduced interest rates by another 1% today and the TL was already making new all time lows against the Dollar the other day.

The man is beyond help and so are the people that continue to support him.
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