TR Economy & Updates

[Lool]

Just looking at the posts of this discussion and it seems to me that most members are going round and round trying to know the "true" problem of the Turkish economy but yet fails

The crazy arguments about brain drain and whatever arent the main reason for why Turkey is in its position rn; the True main reason is....... GAS
Turkey is already recording an account surplus in normal trade excluding gold and energy. Gold, in general is an investment for the future, so all what remains is bloody Gas

for Turkey to ensure economic prosperity and prevent brain drain, the answer is GAS! Unlike the idiotic claim of macroeconomic stability by raising interest rates. Most global supply lines are clogged, inflation is rampant everywhere, and enterprises are searching for "Cheaper" markets to ensure price stability. Many EU companies have already relocated from Russia and EU itself to Turkey in order to ensure that their businesses survive.

 

[TheInsider]

Turkey has everything it needs. But we are shooting ourselves in the foot with autocrats like Erdogan...

I don't unserstand why we have nearly 35% of the population who blame everything on outsiders, and would live in mudhuts and still vote for Erdogan.

I mean if you don't like CHP, if you're right wing patriot, go vote for IYI.

I suggest everyone on this forum read Why Nations Fail, and Narrow Corridor by Daron Acemoglu. He explains why some countries fail and some succeed. He is currently advising CHP in the next government (hopefully).

You are naive and I see that you have just signed up for this forum. So the left-wing CHP employs a hardcore capitalist to run the economy. I will tell you why Mr. Daron is there. He will oversee the talks with Armenia and the Armenian diaspora. BTW he has a really bad opinion of Ataturk.

Another one from the Kılıçdaroğlus A Team Hacer Foggo. She is an intelligence asset to the US and responsible for NGOs. If you have an NGO and want to secure some US funds she is the right person to go. According to her, Kemalism is fascism.

You can read her tweets and ideology here.

kılışdarın başdanışmanı hacer foggo'nun tweetleri

pkk karşıtı olsaydı, chp'de barınabilir miydi?

eksisozluk.com

 

[GoatsMilk]

You are naive and I see that you have just signed up for this forum. So the left-wing CHP employs a hardcore capitalist to run the economy. I will tell you why Mr. Daron is there. He will oversee the talks with Armenia and the Armenian diaspora. BTW he has a really bad opinion of Ataturk.

Another one from the Kılıçdaroğlus A Team Hacer Foggo. She is an intelligence asset to the US responsible for NGOs. According to her, Kemalism is fascism.

You can read her tweets and ideology here.

kılışdarın başdanışmanı hacer foggo'nun tweetleri

pkk karşıtı olsaydı, chp'de barınabilir miydi?

eksisozluk.com

could it just be that both political parties are two sides of the same coin?

 

[B_A]

Mate I just wanna ask but if Erdogan is an autocrat then what is the classification of ppl like MBS, Sisi, Maduro, Putin, Haftar, Xi Jing Ping etc.....
If you dont like Erdogan that is fine but saying that he is an autocrat is the same as smearing Turkish democracy so pls stop

Oh and I assure you that If Erdogan is an autocrat, then Iam 100% sure that Erdogan wouldnt be suffering as much as now; hell, the CHP wouldnt have taken control of both Istanbul and Ankara in the first place

the law of our countries had some problems

erdogan use Article 299 "Insult the President of Turkey"too much....

by now president became evidently an important and executive political office, we have to change Article 299

​

 

[Zafer]

BIST is at 5000, this years gain is more than 27% on dollar basis. 2021 economic growth is at 11.4% 2023 growth is a shining star. So grim, so so grim for the stranger.

 

[Baryshx]

BIST is at 5000, this years gain is more than 27% on dollar basis. 2021 economic growth is at 11.4% 2023 growth is a shining star. So grim, so so grim for the stranger.

Good for you and businessmen, it doesn't mean shit when people are hungry.

You should stop watching Ahaber, go out on the street

 

[Nutuk]

We really need to frame this post for future discussions
Truly summarised the whole opposition coalition fiasco

If you wanna replace Erdogan, bring a better one, but not worse! Replacing him with a worse one is just pure idiocy. It feels like Egypt 2.0 tbu

Why do you make assumptions, find one single writing of me talking about replacing Erdogan.
I am regarding the matters without a political label like you do, economy is extremely bad managed. Persons like you view any criticism as being for the opposition. Fact is that the opposition is even worse, the Turkish political landscape is (the best word to describe it) bankrupt!

 

[Baklava Consumer]

You are naive and I see that you have just signed up for this forum. So the left-wing CHP employs a hardcore capitalist to run the economy. I will tell you why Mr. Daron is there. He will oversee the talks with Armenia and the Armenian diaspora. BTW he has a really bad opinion of Ataturk.

Another one from the Kılıçdaroğlus A Team Hacer Foggo. She is an intelligence asset to the US and responsible for NGOs. If you have an NGO and want to secure some US funds she is the right person to go. According to her, Kemalism is fascism.

You can read her tweets and ideology here.

kılışdarın başdanışmanı hacer foggo'nun tweetleri

pkk karşıtı olsaydı, chp'de barınabilir miydi?

eksisozluk.com

So what are we going to do? Let Erdogan win another term and the let country jump off the cliff?

Daron was paid $12,000 to make that speech at the CHP conference. He is not an intelligence asset, stop with these dumb conspiracy theories, he gets paid to be there. He is of Armenian descent, but he was born in Turkey. I study economics, and everything he said was true for the improvement of Turkey.

As for Hacer Foggo, yes Turkish left wing is stupid, do you have any proof she is an intelligence asset, just seems like more conspiracy theories.

Just because someone is Armenian, Kurdish, Christian, Jewish, or something else doesn't mean they are an intelligence asset. They are the same citizens as you are. They also want the country to do better. Many of the Ottoman viziers were of Greek, Serbian descent. Stop with these conspiracy theories.

In politics you vote to the closest thing you think should happen. If Erdogan wins another term, this country will never recover. Not every party is perfect. I'm voting for IYI.

Note: These people are the best in their fields, people think Daron might get the Nobel Prize as the 3rd Turk, just like Aziz Sancar who was 2nd Turk to get it.

 

[AzeriTank]

Mate I just wanna ask but if Erdogan is an autocrat then what is the classification of ppl like MBS, Sisi, Maduro, Putin, Haftar, Xi Jing Ping etc.....
If you dont like Erdogan that is fine but saying that he is an autocrat is the same as smearing Turkish democracy so pls stop

Oh and I assure you that If Erdogan is an autocrat, then Iam 100% sure that Erdogan wouldnt be suffering as much as now; hell, the CHP wouldnt have taken control of both Istanbul and Ankara in the first place

Not really, i know sooo many people that like Erdogan but specifically vote to those people “not to make AKP too strong and become autocrat”. The whole reason was that, but most in reality would vote AKP

 

[Corvus]

According to her, Kemalism is fascism.

Well, your whole message proves her point.

 

[Baklava Consumer]

Well, your whole message proves her point.

Yeah I'm trying to say that.
Just because someone is left wing, or differs from your opinion doesn't mean you should label them terrorist. They are only terrorists if they try to encourage terrorism or harm the country.
Just because someone is of Arab Christian origin, or Armenian, or Greek, or Jewish also doesn't mean they are an intelligence asset trying to undermine us. Lots of highly educated Jewish people fled to Turkey after Nazi fascism in WW2, which helped us incredibly economically. Lots of Ottoman viziers were of Greek, Serbian, Albanian descent, even at the height of the Ottoman Empire.

These stupid conspiracy theories are meant to hide Erdogan's incompetence, legitimise him Erdogan, whilst he makes his son-in-law the Minister of Finance, Erdogan's grandchildren go to elite liberal schools in Europe whilst the average young Turk suffers.

 

[TheInsider]

Yeah I'm trying to say that.
Just because someone is left wing, or differs from your opinion doesn't mean you should label them terrorist. They are only terrorists if they try to encourage terrorism or harm the country.
Just because someone is of Arab Christian origin, or Armenian, or Greek, or Jewish also doesn't mean they are an intelligence asset trying to undermine us. Lots of highly educated Jewish people fled to Turkey after Nazi fascism in WW2, which helped us incredibly economically. Lots of Ottoman viziers were of Greek, Serbian, Albanian descent, even at the height of the Ottoman Empire.

These stupid conspiracy theories are meant to hide Erdogan's incompetence, legitimise him Erdogan, whilst he makes his son-in-law the Minister of Finance, Erdogan's grandchildren go to elite liberal schools in Europe whilst the average young Turk suffers.

Left-wing? She is pro-PKK and openly accepts that. She accuses TAF to use chemical weapons.

 

[TheInsider]

Well, your whole message proves her point.

I'm a fascist against PKK and Gulen terrorist Movement aka FETO. I would have executed anyone openly accepting that they are part of those organizations if I had the authority.
I won't show respect to anyone that is openly supporting terrorism against the Turkish nation.

 

[Xenon54]

Just looking at the posts of this discussion and it seems to me that most members are going round and round trying to know the "true" problem of the Turkish economy but yet fails

I will come back to this comment later.

The crazy arguments about brain drain and whatever arent the main reason for why Turkey is in its position rn

Whats crazy about that argument, its a fact that Turkey has a brain drain, many insiders within industries, including those from defence industry can attest that Turkey has lost many engineers to the west.
Nobody said its main reason for the problems, if anything then its the symptom of those big problems, the reasons are somewhere else, the main reason is in the palace.

GAS
Turkey is already recording an account surplus in normal trade excluding gold and energy. Gold, in general is an investment for the future, so all what remains is bloody Gas

Turkey is not only importing gas but oil too, apart from that Turkey is not the only country that lacks natural energy ressources, there are such as Japan, Korea, Germany and basically major rest of europe lacking those too, why is Turkey only the one suffering a trade imbalance?
Simply because Turkey does not produce high tech goods (assembling TV's and Refridgerators is not high tech). Turkey needs to produce tonns of good to equalize the high tech goods that it imports.

for Turkey to ensure economic prosperity and prevent brain drain, the answer is GAS!

So is brain drain an issue nor or not, you should decide.

Unlike the idiotic claim of macroeconomic stability by raising interest rates.

You sound like Erdogan who also thinks he knows better than most respectable economists, now see the result.

Most global supply lines are clogged, inflation is rampant everywhere

Most places dont have hyper inflation though.

and enterprises are searching for "Cheaper" markets to ensure price stability. Many EU companies have already relocated from Russia and EU itself to Turkey in order to ensure that their businesses survive.

''Cheap'' is not the biggest factor for a company to resettle somewhere, even bigger are political stability and human ressources, Turkish companies are losing their competitiveness on global comparison since 2013 hitting a new all time low last year. The first dip in 2001-2002 can be attributed to the rise of Chinese companies but the slow dip from 2013 onwards is 100% our own governments fault, 2013 is the famous year where the long last political unstability and Turkeys drift towards an authocratic pariah state started.

Many EU companies have already relocated from Russia and EU itself to Turkey in order to ensure that their businesses survive.

Should we be thankful for this temporary ''luck'' that Turkey had now?

Now to your first first comment, you basically repeat what Erdogan says day and night, the very person who is single handedly responsible for the mess the country is in today but others comments fail to see the problems?

 

[Xenon54]

Why do you make assumptions, find one single writing of me talking about replacing Erdogan.
I am regarding the matters without a political label like you do, economy is extremely bad managed. Persons like you view any criticism as being for the opposition. Fact is that the opposition is even worse, the Turkish political landscape is (the best word to describe it) bankrupt!

It became hard to critisize anything lately without being labeled by the usual suspects, gotta wonder what the point of a forum is if not exchanging ideas.
Its basically whats happening in Turkish politics, if you critisize the government you become a traitor or ungrateful or just another friendlier disguased label, this situation it also taking away the opportunity to change things where something is obviously going wrong, its really hard to expect any improvement of anything under these circumstances.

 

[Corvus]

I'm a fascist

Then why are you angry at her if you accept being a fascist? She says the truth.

 

[Xenon54]

BIST is at 5000, this years gain is more than 27% on dollar basis. 2021 economic growth is at 11.4% 2023 growth is a shining star. So grim, so so grim for the stranger.

Do you know what a highly volatile market means? Ask the crypto bros who were going to the moon in 2020.
Spot the similarities.

The risk taking investors are just trying to make short term gains by buying cheap Turkis assets.

Extremely Low Valuations For Financials​

Another catalyst for the rally could be that Turkish stocks are incredibly cheap right now on a price-to-earnings (P/E) basis. According to JPMorgan, Turkey is currently the cheapest market in the entire CEEMEA (Central & Eastern Europe, Middle East and Africa) region. That’s especially true of Turkish banks and financial firms, which had an ultra-low P/E of 2.2 at the end of August, down from a recent high of 6.0 at the beginning of 2021.

https://www.forbes.com/sites/greats...-driving-turkeys-stock-rally/?sh=59a07a3579cf

This is not how a stock market should look like, the stock exchange became a play ground for risky investors who sell their assets just as fast as the buy them once something brews in the horizon and you think this is something to be proud of.

Apart from that, all these speculation in the markets dont reflect positively on the street, you dont earn more just because an american is gambling in Turkish stock exchange...

 

[Nilgiri]

Do you know what a highly volatile market means? Ask the crypto bros who were going to the moon in 2020.
Spot the similarities.

View attachment 51177​

View attachment 51178

The risk taking investors are just trying to make short term gains by buying cheap Turkis assets.




View attachment 51179

https://www.forbes.com/sites/greats...-driving-turkeys-stock-rally/?sh=59a07a3579cf

This is not how a stock market should look like, the stock exchange became a play ground for risky investors who sell their assets just as fast as the buy them once something brews in the horizon and you think this is something to be proud of.

Apart from that, all these speculation in the markets dont reflect positively on the street, you dont earn more just because an american is gambling in Turkish stock exchange...

Turkish total Market capitalisation has been fluctuating in 100 - 300 billion USD for more than a decade now:

World Bank Open Data

Free and open access to global development data

data.worldbank.org

I believe the most recent figure in 2022 is ~ 300 billion USD, about same figure as 2010.

Sinusoidal fluctuations by themselves are not a problem (provided the period is just a few years or so etc), but TR economy clearly has not progressed to a better gear setting since 2008 as we would see an overall upward trend in a decade past the sinusoids within it.

 

[Zafer]

Yeah right, stock market high is a bad thing, nothing to do profits of companies and a stellar 11.4% 2021 growth.

 

[Xenon54]

Sinusoidal fluctuations by themselves are not a problem (provided the period is just a few years or so etc)

The chart above is just 2022 though.

Yeah right, stock market high is a bad thing, nothing to do profits of companies and a stellar 11.4% 2021 growth.

Do you even understand what you read or are you writing one liners just for the sake of giving an answer?