TR Economy & Updates

[Agha Sher]

A current account surplus of $0.67bn in June (first time in 2 years). Hopefully the one for July and August will be even higher.

https://www.nasdaq.com/articles/turkish-june-current-account-surplus-$674-million-more-than-forecast

 

[B_A]

A current account surplus of $0.67bn in June (first time in 2 years). Hopefully the one for July and August will be even higher.

https://www.nasdaq.com/articles/turkish-june-current-account-surplus-$674-million-more-than-forecast

Thank god finally

But why we got so large deficit last two years ？

I remember that in 2019（or 2020?) We got surplus yearly

 

[Agha Sher]

Thank god finally

But why we got so large deficit last two years ？

I remember that in 2019（or 2020?) We got surplus yearly

Lack of tourism income due to covid.

 

[GoatsMilk]

I'm not an expert on anything, just a student of everything

I did mean chaos during the "change of power", yes. I do agree with you on all parts. Coups were a net negative on Turkey. But they were bloodless, for the most part, and I do mean in modern history. If we go for Ottoman times after 17th century, it's heads rolling down all the way. Mine wasn't a comment on Turkish political structure but a foray to the Japanese one to look at the Japanese "mind".

In a world where its easy for americans or zionists to completely buy out your government, sometimes a coup is the lessor evil. Just look, had FETO completely succeeded, how does a nation save itself from a american/zionist conspiracy to turn the nation upside down from within? Not only politics was being incrementally taking over, but the media, the banks, big commercial entities, industry, schools, education etc.

Worth keeping in mind that FETO and the political islamists were the biggest pushers of dismantling the armies safety mechanism. When Ataturk made the army the protector of the constitution he did so foreseeing how the politics can be completely undermined from outside entities. He even warned the nation of this eventual possibility in his address to youth.

The problem isn't coups, the problem is the basic education level of the citizens. If the people are intellectually lazy and emotionally dumb, then its very easy for the outsider to play games with the state, very easy. This is why something like FETO can grow so big and so strong in Turkiye, but it couldn't happen in England.

Its also why the American/Zionist backed FETO/ AK party Islamists etc, America and the EU were all pushing Turkiye to become more "democratic" and to do everything to specifically reduce the Armies safety mechanism over the constitution. Coups in Turkiye are not like coups in egypt or africa where the army comes in and takes over creating a military dictatorship, they were always about moving in restoring the constitution and moving back out for new elections to take place.

Honestly the americans/zionists have been successful in creating the pys-op that coups in Turkiye are bad, they were one of the things protecting the nation. Erdogan was Feto's child, if tomorrow he decides to side with them again which is very possible, there is no mechanism in Turkiye to protect it left. That means your entire nation has been conquered and subdued by the americans/zionists and they didnt even need to declare war on us to do.

Its for good reason that America is the worlds only super power, these guys are no fools.

 

[Nilgiri]

In a world where its easy for americans or zionists to completely buy out your government, sometimes a coup is the lessor evil. Just look, had FETO completely succeeded, how does a nation save itself from a american/zionist conspiracy to turn the nation upside down from within? Not only politics was being incrementally taking over, but the media, the banks, big commercial entities, industry, schools, education etc.

Worth keeping in mind that FETO and the political islamists were the biggest pushers of dismantling the armies safety mechanism. When Ataturk made the army the protector of the constitution he did so foreseeing how the politics can be completely undermined from outside entities. He even warned the nation of this eventual possibility in his address to youth.

The problem isn't coups, the problem is the basic education level of the citizens. If the people are intellectually lazy and emotionally dumb, then its very easy for the outsider to play games with the state, very easy. This is why something like FETO can grow so big and so strong in Turkiye, but it couldn't happen in England.

Its also why the American/Zionist backed FETO/ AK party Islamists etc, America and the EU were all pushing Turkiye to become more "democratic" and to do everything to specifically reduce the Armies safety mechanism over the constitution. Coups in Turkiye are not like coups in egypt or africa where the army comes in and takes over creating a military dictatorship, they were always about moving in restoring the constitution and moving back out for new elections to take place.

Honestly the americans/zionists have been successful in creating the pys-op that coups in Turkiye are bad, they were one of the things protecting the nation. Erdogan was Feto's child, if tomorrow he decides to side with them again which is very possible, there is no mechanism in Turkiye to protect it left. That means your entire nation has been conquered and subdued by the americans/zionists and they didnt even need to declare war on us to do.

Its for good reason that America is the worlds only super power, these guys are no fools.

Its why countries need good follow up after the nationalist visionary that "got it" (Ataturk in this case).

There need to be a steady succession of like minded folks in and around the levers of power to build up the robust strategic core and order of the nation.

Otherwise with time all kind of pressures accumulate from inside and outside....and entropy and atrophy create deterioration and the core enters a state of the frog going into slow boil....and it becomes more a matter of chance as to what disintegrates it later when the temperature simply exceeds basic physical capacities (its too late then).

It surprises me number of people in this forum that don't understand this, certain things grab their attention past the bigger picture of very important things that need to be addressed to be set right properly again for the smaller things to even have a chance of relevance.

The "ego" of a nation is very important balance in the end. It must absolutely get its "super ego" secure...to balance the nature of "id" in the reality too....given the varied intersections of this outside the nation.

 

[Bozan]

Craziest housing markets VS Turkey

 

[Tornadoss]

Craziest housing markets VS Turkey


View attachment 60086

And unlike rest of Europe, there are tons of new construction

 

[Angry Turk !!!]

Craziest housing markets VS Turkey


View attachment 60086

View attachment 60087

And yet, no reaction of the people other than crying on social media. Turks as a whole became such submissive people it's sad. No fire in the people anymore... And this is just one example of a fucking billion.

 

[Heartbang]

Craziest housing markets VS Turkey


View attachment 60086

View attachment 60087

It would be nice if Japan was in the graph.

 

[Angry Turk !!!]

Dont forget there are happy honse owners

Actually people were happy while Japan Hong Kong Chinese house price rising.

I don't give to shits what ching chang, japan or whoever the fuck was in their housing crisis.
People, especially the young. The future of every fucking Country is NOT happy. And like I said, the housing crisis is one problem of a billion.

 

[B_A]

I don't give to shits what ching chang, japan or whoever the fuck was in their housing crisis.
People, especially the young. The future of every fucking Country is NOT happy. And like I said, the housing crisis is one problem of a billion.

I meant there are sad people without house and happy house owner.the number is half-half.
Crisis for half and the heaven for another half

 

[B_A]

Rise export,Keep account surplus,stable the TL

Thats the only method.

 

[BalkanTurk90]

Craziest housing markets VS Turkey


View attachment 60086

View attachment 60087

Does that mean the homes are becaming expensive ? Turkiye had this advantage and if this happen this will upset alot of Turks .
What is apartament 2x1 in Ankara , Izmir , Istanbul ? . 5 years ago i thing was 40k euros not at city center but aslo not far away aslo ,the averange one ? Did it change ?

 

[Bozan]

Does that mean the homes are becaming expensive ? Turkiye had this advantage and if this happen this will upset alot of Turks .
What is apartament 2x1 in Ankara , Izmir , Istanbul ? . 5 years ago i thing was 40k euros not at city center but aslo not far away aslo ,the averange one ? Did it change ?

The rise of Istanbul property: 2011-2016 price analysis - Property Turkey

Istanbul property prices rose 42% between 2011 and 2016. We examine the historical property data to discover which areas had the greatest - and lowest gains.

www.propertyturkey.com

Very ugly graph

 

[Nilgiri]

And unlike rest of Europe, there are tons of new construction

Leads me to believe there is a huge level of scam going on for money laundering and so on.... i.e the supply side is compromised.

Property and rent surveys capture inflation because they are demand-side oriented, i.e what do people actually demand in the end.

This is becoming huge issue in China as well....because property is seen as investment past its utility, so supply side and the local govt debt and land + labour costs have done little for the bubble thats grown from demand side in specific areas for specific reasons that the govt indulged and ignored for long time.

 

[Xenon54]

It would be nice if Japan was in the graph.

Yeah please, show japan, because seeing that its just as bad will totaly change the situation in Turkey.
Or at least it will help me to cope with the facts.

 

[Heartbang]

Yeah please, show japan, because seeing that its just as bad will totaly change the situation in Turkey.
Or at least it will help me to cope with the facts.

The 1st step to fix s*it is to assess the damage. Therefore a comparison with Japan is required.

You need to chill.

 

[Xenon54]

The 1st step to fix s*it is to assess the damage. Therefore a comparison with Japan is required.

You need to chill.

Totaly different country with totaly different problems and causes on the opposite side of the planet is your reference point when trying to fix "s*it"?
The problem is obvious, its just that one part of the society refuses to accept it.

Anyways, we can just as well add a property crisis to the soup, would be an interesting experiment and learning experience.

 

[B_A]

Yeah please, show japan, because seeing that its just as bad will totaly change the situation in Turkey.
Or at least it will help me to cope with the facts.

The 1st step to fix s*it is to assess the damage. Therefore a comparison with Japan is required.

You need to chill.

JAPAN is a different situtation

 

[Xenon54]

View attachment 60106
View attachment 60107 JAPAN is a different situtation

I was being sarcastic.