Cyprus-Forum.com

[Kikapu]

This clown is trying hard to fool people to invest in the troubled Turkish Lira currency.

He now thinks that the Turkish Lira is a "safe haven" for investments like the Swiss Franc, when the Turkish inflation is running at 10%, unemployment at 9-10 %, Foreign Trade Deficit in negative territory each and every month by a large margin, CAD in trouble, savings are all time low, TL depreciated 20+% against major currencies in 2011, Turkish Stock Market down 25% in 2011 and the much admired GDP heading to the toilet in 2012!

Other than that, investment in the Turkish Lira in 2012 makes perfect sense to me!

Perhaps he was talking about the TL appreciating against the Zimbabwean Dollar!

Invest in lira: 2012 advice by Gov Başçı

“Money is looking for safe havens,” the governor said. “The number of safe havens is decreasing one by one. In a world like this Turkey will find external financing, and it is finding it.”

http://www.hurriyetdailynews.com/invest ... sCatID=346

[Maximus]

“Those who invest in the lira will always gain in 2012. The Central Bank will allow the lira to appreciate this year,” Başçı said Jan. 6 at a conference in Bursa, an industrialized province in northwestern Turkey.

The only ones gaining in the end will be those on the recieving end of this much needed liquidity to come in to the market.

[bill cobbett]

“Those who invest in the lira will always gain in 2012. The Central Bank will allow the lira to appreciate this year,” Başçı said Jan. 6 at a conference in Bursa, an industrialized province in northwestern Turkey.

The only ones gaining in the end will be those on the recieving end of this much needed liquidity to come in to the market.

It is amusing isn't it... ?, How central banks think they can define the market for any great length of time.

So when this chap, this Central w...w...w.. Banker, says he will allow the lira to appreciate this year, isn't it the case that in reality he will buy Lira to try and create a false market, to sustain its value, for as long as there are currency reserves ... ????

[Maximus]

“Those who invest in the lira will always gain in 2012. The Central Bank will allow the lira to appreciate this year,” Başçı said Jan. 6 at a conference in Bursa, an industrialized province in northwestern Turkey.

The only ones gaining in the end will be those on the recieving end of this much needed liquidity to come in to the market.

It is amusing isn't it... ?, How central banks think they can define the market for any great length of time.

So when this chap, this Central w...w...w.. Banker, says he will allow the lira to appreciate this year, isn't it the case that in reality he will buy Lira to try and create a false market, to sustain its value, for as long as there are currency reserves ... ????

In reality, the herd, or in this case average Mehmet from the Turkish public will rush out to act on the bankers tip. Mehmet will invest in the Turkish Lira using some other major currency to fund it, say, the US$.

Now, the banker has sold Turkish Liras to Mehmet in exchange for his US$. Mehmet sold his US$ to the banker to invest in the Lira. Mehmet might get some play from the market but there is a conflict of interest. One wants the US$ to appreciate in value while the other wants the Turkish Lira to appreciate in value! They can both make money in the short term if the 'Mehmets' keep coming with more money, but over the medium to long term, Mehmet will surely lose out.

[repulsewarrior]

...they are resorting to a Ponzi scheme, just like the other banks.

...only, in this case the State is the Bank; where will the bailout come from?

...and for the Marxist officianados, does this indicate that Capital has no more a means to exploit Labour?

[Kikapu]

Almost no one earns less than $2 a day, Babacan says

Deputy PM Babacan addressed participants at the Global Human Development Forum in İstanbul on Thursday. (Photo: AA)
22 March 2012 / GAMZE GÜL, İSTANBUL
Deputy Prime Minister Ali Babacan said on Thursday that almost no one earns less than $2 a day in Turkey, and the number of those who earn less than $4 a day is only 3.6 percent.

http://www.todayszaman.com/news-275105- ... -says.html

Here is Turkey's true "economic successes", that hardly anyone earns less than $2 USD a day in Turkey!

ONLY 3.6% (2.7 million) earn less than $4 USD a day.

Therefore, one can ONLY conclude by taking the Turkish model is, an economic success for any country is when the average citizens earns more than $4 USD a day, which is in parallel with any 3rd world (or less) country in the world.

Well done Turkey!

[B25]

If you are not careful, you will be upsetting VP again. He has images of granduer for Turkey.

[bill cobbett]

http://www.economist.com/node/21552216 refers.

Amongst the bad points...

Inflation in March in Turkey hit 10.4%

Growing dependence on flighty hot money foreign capital to finance a deficit of 10% of GDP

Overall Deficit in dollars now Second Largest in the World.

Severely depleted foreign currency reserves.

Foreign trade deficit running at 7 Billion dollars a month.

Problems ahead... ?

[B25]

http://www.economist.com/node/21552216 refers.

Amongst the bad points...

Inflation in March in Turkey hit 10.4%

Growing dependence on flighty hot money foreign capital to finance a deficit of 10% of GDP

Overall Deficit in dollars now Second Largest in the World.

Severely depleted foreign currency reserves.

Foreign trade deficit running at 7 Billion dollars a month.

Problems ahead... ?

Billy, now pack it in will ya! You know how upset VP and his cronies will get, you are spoiling their wet dreams of turkeys 'booming' economy Booming alright, any minute now and it'll bust.

[loyalcypriot10]

Perhaps the Turks should ask the experts in Greece on how to run a successful economy.