TR Economy & Updates

[Akhtar]

https://twitter.com/i/web/status/1373048749077958657

BREAKING — Erdogan sacks Turkish Central Bank’s Governor Nagci Agbal This decision comes as Agbal hiked interest rates 200 points earlier this week He got just sacked 5 months after his assignment to this post

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Those idiots in power are acting like rising poverty is not a thing. What are they going to do when Chinese goods start hitting Turkish markets in a few years with the belt and road ? sheer incompetence and delusion

 

[KKF 2.0]

1€ = 15 TRY, here we come.

 

[Ryder]

Erdogan assigns Şahap Kavcioglu, an academic and a columnist for conservative pro-gov’t Yeni Şafak, as replacement to the Turkish Central Bank Yeni Şafak on Friday attacked Agbal from the front page, accusing him of conducting an operation against the Turkish economy by hikes


Turkey’s new governor of Central Bank in February: • CBRT shouldn’t insist on its high interest rate policy
• Many countries with domestic/foreign problems have negative real interest rates so could Turkey
• Rate hikes indirectly creates inflation

Seriously why is he doing this???

Cant he just let the economists do their fcking jobs??

Why is he putting people in positions in which they have no experience in a bloody columnist becomes central bank governor its madness.

 

[Anmdt]

Fasten belts, a ride is coming up.
Central bank has stocked some currency and filled reserves back partially.
High interest is not in interest of concrete business,

Meanwhile they have retreated from istanbul declaration

Islamists -extremities are gaining a power in AKP : whom appointed to central bank and retreating from istanbul declaration is a sign of it.

Also further notes what happened in last 2 days:
Gezi parki is taken from istanbul municipality, transferred to foundations' management office hinting some might happen again
Ataturk culture center, known to be rebuilt in Taksim square is announced to be not named after Ataturk
Companies established by metropol municipalities is given at command of municipality assembly (which is in favor of AKP) from the elected major

All these are anti-democratic, anti-secular, non-sense , intended to please extreme islamists actions will costs us a lot.

Meanwhile bonus:
Central bank urged gold sellers to deposit at least 500 grams of gold so that they will be allowed to operate, this might give you slight idea what is next be sucked up dry from central bank:gold.

 

[uzaysan]

He doesn't give a shit about the economy or the people. Who cares? He is aware of the that fact that he is loosing support. So he will lower the interest rates and give people bank loans with lower interests.

What can you expect from this idiots. Our currency is loosing value against dollar even USA is printing money like paper due to virus. İt requires extra stupidity to put country in crisis in this time.

 

[uzaysan]

Also look at the timing. They replaced him at the beginning of Saturday. They know this will fuck up alot of things so they tried to escape results a little bit. But we will see on Monday. Like i said they don't care about the economy

 

[Merzifonlu]

Election is coming. We will hear a lot of polarizing rhetoric. We will see also hate crimes.

 

[Zafer]

In the US central bank is responsible both for inflation and growth, in Turkey they just want to be responsible for inflation leaving the business of growth to the government. This will not work.
Growth and inflation must be managed in cadence. You can't hike inflation, but you can't hike interest rates either.

 

[Saithan]

I guess my prediction is not going to happen as there is no strategy concerning stabilizing the economy through solid strategies.

 

[Saithan]

In the US central bank is responsible both for inflation and growth, in Turkey they just want to be responsible for inflation leaving the business of growth to the government. This will not work.
Growth and inflation must be managed in cadence. You can't hike inflation, but you can't hike interest rates either.

RTE took all the power so it doesn’t matter. If government doesn’t follow disciplined economic policies then reigning in the inflation is the only option they have.

If I had been CFO I’d run the country through economic measures. Limit and restrict until development reached a snails pace until debt was settled and ee had 1,5x GDP in reserves.

Defence and tsk not included

 

[uzaysan]

https://twitter.com/i/web/status/1373158861444644864

They are still thinking "how can we fuck them more"? How can we fill out pockets and leave dept to 3 generation later? Akp is the biggest virus we faced. And yet some idiots still thinks there is a "greater plan"

 

[Ryder]

https://twitter.com/i/web/status/1373158861444644864

They are still thinking "how can we fuck them more"? How can we fill out pockets and leave dept to 3 generation later? Akp is the biggest virus we faced. And yet some idiots still thinks there is a "greater plan"

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Dont diss my boy Harambe

 

[Quasar]

https://twitter.com/i/web/status/1373158861444644864

They are still thinking "how can we fuck them more"? How can we fill out pockets and leave dept to 3 generation later? Akp is the biggest virus we faced. And yet some idiots still thinks there is a "greater plan"

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There is no other way to put it if a state is garanting a project it simply means either there is a serious trust issue in your economy or corruption or both

 

[uzaysan]

There is no other way to put it if a state is garanting a project it simply means either there is a serious trust issue in your economy or corruption or both

This guaranteed projects are just money laundering projects. İt's easy way to steal money and it's legal.

 

[Constan]

Can Erdo supporters just give us their opinion about sacking Acbal ? I'd like to read some bs comments.

I'm very happy for what going to happen to the lira on Monday (To the moooon).

 

[Quasar]

Can Erdo supporters just give us their opinion about sacking Acbal ? I'd like to read some bs comments.

I'm very happy for what going to happen to the lira on Monday (To the moooon).

Unfortunatly it not that simple it is effecting us all in every possible way from production to investment from unemployment to prices , current governtment is about to achive what was thought unthinkable; high interst rates, high infilation and weak TL all at once

 

[what]

Lira is going to be shredded when the markets open. Oh an the economy will be too.


The King is naked and his people to scared or up his ass to say something.

 

[Deliorman]

At this point it doesn’t even matter if the Interest Rate is 20% or 2% or 120%. There are much more important things in economy than interest rates.

TRUST is the most important thing of them all. Trust in the Government and it’s policies. Trust in the State Institutions. Trust in the future of the country. Neither investors nor the citizens have any trust left in the country and it’s governance but who can blame them when Turkey is being run by such people.

Erdogan and his cronies don’t care about the economy and the well being of the people- they fill their corrupt pockets anyway. Only thing left for them now is to beat the war drums and divide the Nation even more hoping not to lose their core voters.

 

[Constan]

Unfortunatly it not that simple it is effecting us all in every possible way from production to investment from unemployment to prices , current governtment is about to achive what was thought unthinkable; high interst rates, high infilation and weak TL all at once

I know is effecting all citizens, but I think some people need to wake up and vote for the right person in the next election. We have to pay some price now before we lose our country.

 

[Sinan]

Erdogan assigns Şahap Kavcioglu, an academic and a columnist for conservative pro-gov’t Yeni Şafak, as replacement to the Turkish Central Bank Yeni Şafak on Friday attacked Agbal from the front page, accusing him of conducting an operation against the Turkish economy by hikes


Turkey’s new governor of Central Bank in February: • CBRT shouldn’t insist on its high interest rate policy
• Many countries with domestic/foreign problems have negative real interest rates so could Turkey
• Rate hikes indirectly creates inflation

We are currently the definition of banana state.