TR Economy & Updates

[Rodeo]

Is there a lever to pull for an early election other than getting 360 MPs voting for it?

 

[Fighter_35]

We will see the ones supporting akp at home when they see that they are not able to buy anything with their retirement money's!! only akpians who live abroad are happy.

 

[Constan]

Hold on guys, it is really that lira is melting just because Erdo wants to low the interest and everyone doing what he wants ? This can't happen North Korea either. Stop comparing Erdogan to Trump. Trump still way more smarter.

This tweet alone scares me

https://twitter.com/i/web/status/1461323240857612295

 

[Xenon54]

I guess i have to correct my estimate of 15 lira by 2023 up to at least 20.

 

[Cenkcnk]

We will see the ones supporting akp at home when they see that they are not able to buy anything with their retirement money's!! only akpians who live abroad are happy.

a few weeks ago i saw a woman on tv who was collecting things from garbage, saying "we are at very good position, economy is doing better, we have everything"

 

[Xenon54]

a few weeks ago i saw a woman on tv who was collecting things from garbage, saying "we are at very good position, economy is doing better, we have everything"

“The biggest battle is the war against ignorance.”​

― Mustafa Kemal Ataturk

 

[Lool]

I guess i have to correct my estimate of 15 lira by 2023 up to at least 20.

20? Lol!
By the current trend, I assure you it will reach 30
It seems that Erdo doesnt wanna Turn Turkey into China but fqing Japan
What sort of bullshit madness is this for gods sake
At least he should tell the ppl what sort of GODLY plan he is following because by the current trend, I wont be surprised by a new coup tbh

 

[Xenon54]

20? Lol!
By the current trend, I assure you it will reach 30
It seems that Erdo doesnt wanna Turn Turkey into China but fqing Japan
What sort of bullshit madness is this for gods sake
At least he should tell the ppl what sort of GODLY plan he is following because by the current trend, I wont be surprised by a new coup tbh

I at this point want him to finish his term, so that justice can be brought against him.
No coup nothing, we should not allow him to become a martyr for akpeons.

 

[Nilgiri]

Where did you get those numbers from?

From the 2021 report:

Global Wealth Report 2024

The next edition of the Global Wealth Report is out in July. Sign up now to make sure you don’t miss our latest insights.

www.credit-suisse.com

The 2021 databook precisely that can be downloaded there.

Page 68 for 2010:

Page 108 for 2020:

 

[Xenon54]

From the 2021 report:

Global Wealth Report 2024

The next edition of the Global Wealth Report is out in July. Sign up now to make sure you don’t miss our latest insights.

www.credit-suisse.com

The 2021 databook precisely that can be downloaded there.

Page 68 for 2010:

View attachment 35903



Page 108 for 2020:

View attachment 35904

Inflation is depleting peoples wealth, you cant even leave your money in bank when its loosing value each passing day.
I would invest in Euro and Dollar if i was in Turkey.

 

[Zafer]

From the 2021 report:

Global Wealth Report 2024

The next edition of the Global Wealth Report is out in July. Sign up now to make sure you don’t miss our latest insights.

www.credit-suisse.com

The 2021 databook precisely that can be downloaded there.

Page 68 for 2010:

View attachment 35903



Page 108 for 2020:

View attachment 35904

They made regression estimation rather than having original data. These numbers do not make sense. There was a crisis in the world in 2008 and everything looks neater today.

 

[karajlo]

20? Lol!
By the current trend, I assure you it will reach 30
It seems that Erdo doesnt wanna Turn Turkey into China but fqing Japan
What sort of bullshit madness is this for gods sake
At least he should tell the ppl what sort of GODLY plan he is following because by the current trend, I wont be surprised by a new coup tbh

i don't know how this situation benefits Erdogan,we all agree he wants to win elections... so if it doesn't benefit him why would he be doing it

Clearly, Lira is being manipulatively knocked down

 

[Saithan]

Turkey's external assets at $301.4 bln in September - Latest News

Turkey’s external assets stood at $301.4 billion at the end of September, marking an increase of 17.9% from the end of 2020, according to data released by the Turkish Central Bank said on Nov. 18.

www.hurriyetdailynews.com

 

[Xenon54]

i don't know how this situation benefits Erdogan,we all agree he wants to win elections... so if it doesn't benefit him why would he be doing it

Clearly, Lira is being manipulatively knocked down

Ask Erdogan why he insists on low interest rates, thats the root of the evil here, market has no trust in Turkish goverments monetary policy, what we see is just a reaction to Erdogans irrational policies because he believes low interest help in this situation, maybe it has something to do with interests being sin or something, dont know whats going on in his head.

Simple as that, no need to spread conspiracy theories, those dont help the country out of shit.

 

[Knowledgeseeker]

Ask Erdogan why he insists on low interest rates, thats the root of the evil here, market has no trust in Turkish goverments monetary policy, what we see is just a reaction to Erdogans irrational policies because he believes low interest help in this situation, maybe it has something to do with interests being sin or something, dont know whats going on in his head.

Simple as that, no need to spread conspiracy theories, those dont help the country out of shit.

Yes i believe its related to islam. Interest is seen as a big sin in islam hence he try to keep it low.

 

[Xenon54]

Yes i believe its related to islam. Interest is seen as a big sin in islam hence he try to keep it low.

What a great stateman then.

 

[Huelague]

Yes i believe its related to islam. Interest is seen as a big sin in islam hence he try to keep it low.

If Sharia rule our economy. We are lost.

 

[HTurk]

Yes i believe its related to islam. Interest is seen as a big sin in islam hence he try to keep it low.

Not really. If religious rules were his main concern, he would have started with a million other issues in our society. He simply and stupidly believes that low interest rate equals growth equals wealth.

 

[Nilgiri]

Yes i believe its related to islam. Interest is seen as a big sin in islam hence he try to keep it low.

If that is the rationale, why reduce I/R from like 19% to 17% or whatever it is now.

Why not reduce it to an actual "low" number like 5% or less?

Preferably to 0% and get rid of it altogether.

 

[Nilgiri]

Ok TR I/R is at 15% now:

Bloomberg - Are you a robot?

“The decision to cut rates is politically motivated even with their December forward guidance,” said Saed Abukarsh, chief portfolio manager at Ark Capital Management Dubai. “Confidence in any form of central bank credibility has left the door.”


BTW, what I mentioned earlier in thread is now also going to be issue soon that leaves more damage in its wake (however TR central bank manages to swallow this pill and maintain a smile on face) for 2022:

You will also see quite soon what the increased loan repayment costs are like (especially for foreign loans).

Search results for query: repayment

defencehub.live

From article:

Turkish companies and the government have to repay $13 billion in foreign-currency debt in the final two months of the year. More than half -- $8 billion -- is set to mature in November, the biggest amount due over the next 10 months, according to the latest available data.