TR Economy & Updates

[Sanchez]

I don't dislike western people, I worked and lived with them for some years but I don't like the so called western capital that caused the collapse of the Ottoman Empire and also the previous to Erdoğan era Türkiye. We will not borrow their money anymore and before too long we may as well start lending.

It wasn't the western capital that collapsed the empire, nor was the western capital the reason of the 90s crash. Bad internal management caused them both. Watch us going in for a third time.

We are being fixated on gulf for our economy and Russia for our energy. This will end horribly.

 

[AWP]

Is all of this shit because the interest rate and Trump tweet ?

If tomorrow Erdogan raise the rate to 30% , would this solve the crisis ?

 

[Rodeo]

Is all of this shit because the interest rate and Trump tweet ?

If tomorrow Erdogan raise the rate to 30% , would this solve the crisis ?

No it won't. It will just strangle the market and cause more unemployment.

Without structural changes, without direct foreign investment, raising interest rates won't remedy our situation in the mid-term. The problem is the loss of trust in the system. There's too much stigma. We have to restore the trust. Without a complete refresh I don't see how we can fix the economy.

We're burning more dollars than we're earning. The long term solution is selling more high value-added products obviously.

 

[Zafer]

We are being fixated on gulf for our economy and Russia for our energy. This will end horribly.

Will they send their armies to strangle us if we delay payments or will they order us around when we mind our business, I don't think so.

 

[GoatsMilk]

incredible economic failure and they keep voting for it.

A couple comments on the inflation from the video.

"As someone currently living in Turkey (not Turkish), the official inflation figures are a joke. Since October I've seen the price of a bottle of Coke go from 14 lira to 27-30 lira, and since January 400g of beef mince went from low 40s to over 90 lira. These are only 2 of hundreds of examples. I'm glad I don't get paid in lira, but the poor locals are fucked. The only saving grace e is my rent is in lira, so I've seen my rent come down about 10% in real money..."

"Same man as a someone (non Turkish) living in Turkey Im blessed enough to be making a living outside of turkey but I feel extremely bad for the locals who live here it’s honestly baffling how fast and fucked up inflation is rising. I especially feel for those who just recently graduated looking for their first jobs. Not only will they start with a shit salary but they’ll most likely be contracted out without having their salaries adjusted for inflation and after years of hard work and study they’ll just end up struggling to even make rent by the end of the year. It’s truly disheartening. Like bro I was eating maxi XL menus at popeyes for 85 TL at the start of the year and now it’s at least 120 TL it’s just fucking wild to see."

 

[Sanchez]

Will they send their armies to strangle us if we delay payments or will they order us around when we mind our business, I don't think so.

Neither will IMF, in that case. Maybe they send in Ethan hunt.

Are you really this blind to see that with greater Russian and Gulf effect in our economy we are moving more in line with their own goals and not a third, our way? Soon you'll see, it'll be too late tho.

 

[Heartbang]

incredible economic failure and they keep voting for it.

A couple comments on the inflation from the video.

"As someone currently living in Turkey (not Turkish), the official inflation figures are a joke. Since October I've seen the price of a bottle of Coke go from 14 lira to 27-30 lira, and since January 400g of beef mince went from low 40s to over 90 lira. These are only 2 of hundreds of examples. I'm glad I don't get paid in lira, but the poor locals are fucked. The only saving grace e is my rent is in lira, so I've seen my rent come down about 10% in real money..."

"Same man as a someone (non Turkish) living in Turkey Im blessed enough to be making a living outside of turkey but I feel extremely bad for the locals who live here it’s honestly baffling how fast and fucked up inflation is rising. I especially feel for those who just recently graduated looking for their first jobs. Not only will they start with a shit salary but they’ll most likely be contracted out without having their salaries adjusted for inflation and after years of hard work and study they’ll just end up struggling to even make rent by the end of the year. It’s truly disheartening. Like bro I was eating maxi XL menus at popeyes for 85 TL at the start of the year and now it’s at least 120 TL it’s just fucking wild to see."

If it was up to that youtuber we'd been collapsed countless times now. That man is not a reputable source.

 

[GoatsMilk]

If it was up to that youtuber we'd been collapsed countless times now. That man is not a reputable source.

his thumbnails are clickbait no doubts, but he's never been sensationalists in his analysis.

 

[Zafer]

Neither will IMF, in that case. Maybe they send in Ethan hunt.

Are you really this blind to see that with greater Russian and Gulf effect in our economy we are moving more in line with their own goals and not a third, our way? Soon you'll see, it'll be too late tho.

They are being usefull but you don't want them to be usefull.

 

[Heartbang]

but he's never been sensationalists in his analysis

The "analysis" isn't his either, he's just parroting what has been already said by other "analysts."

 

[Sanchez]

They are being usefull but you don't want them to be usefull.

I'm more than fine with them being useful. They won't stay as such though.

 

[Bozan]

https://twitter.com/i/web/status/1662974555265155075

Why the west helped Erdoğan win

 

[Mis_TR_Like]

1 USD is 20.10 TRY right now...

 

[dBSPL]

After the election, all Borsa Istanbul shares turned green. BIST 100 increased 4%, Technology index 5%, Banking 4%, Participation index 5%, Construction index 5%, Metal 5%, Mining 5%, Holding and investment index 4%. It looks like it is turning into a mini rally. The price was very depressed in the uncertainty of the election, if BIST 100 can break 5500, its peak in March, it may break the downtrend since the beginning of the year and turn bullish again.

 

[Nilgiri]

He has more pessimistic view than I do, but we will likely see what happens as year end approaches when the tourist season is over, energy imports increase and balance of payments issue rears up in greater intensity (esp with more forex insurance payout with fiscal situation as it is already).

 

[dBSPL]

According to VeryansınTV, Mehmet Şimşek accepted Erdoğan's ministerial offer. Banking index went through the roof on the stock exchange today.

https://twitter.com/i/web/status/1663476982372335616

 

[what]

Simsek wont change anything as long as the Central Bank is not independent and he knows that.
Either concessions were made or Simsek lost his mind and will lose his reputation too.

 

[dBSPL]

Simsek wont change anything as long as the Central Bank is not independent and he knows that.
Either concessions were made or Simsek lost his mind and will lose his reputation too.

I think that's not the detail here. It would be more accurate to look at Simsek's roots and affiliations. RTE had accused KK of making deals with British loan sharks for 3 months, but he seems to be turning in the same direction.

 

[GoatsMilk]

Simsek wont change anything as long as the Central Bank is not independent and he knows that.
Either concessions were made or Simsek lost his mind and will lose his reputation too.

A country of 90 million people and its the same old tired faces over and over again?

 

[GoatsMilk]

He has more pessimistic view than I do, but we will likely see what happens as year end approaches when the tourist season is over, energy imports increase and balance of payments issue rears up in greater intensity (esp with more forex insurance payout with fiscal situation as it is already).

"They have dollars, we have Allah" is an example pinnacle madness that political Islam presents. We turned into a nation of cheap slogans and fairy tales. Important details and policies no longer matters. As long as we have good fairy tales to put the children to bed at night everything is ok.

Instead of cold hard facts and policies over how to correct the economy, we get sloguns of "we are on the way to full independence". A statement that has no substance whatsoever and diverts from real problems that need to be addressed.

But like the saying goes the people get the government they deserve.

I feel for the people of Turkiye suffering under this madness, but the western Turks living a western lifestyle voting for their Islam friendly leftist LGBTQ promoting parties who want this madness for the Turkish people are disgraceful.