Cyprus-Forum.com

[bill cobbett]

interest rates go up and down. when it goes up they lose and when it comes down they make money. big wow. have you got nothing else to do.

psst...!!! psst...cousin...!!! you stashing Terggish Lires in your mattress ...???

[kurupetos]

interest rates go up and down. when it goes up they lose and when it comes down they make money. big wow. have you got nothing else to do.

psst...!!! psst...cousin...!!! you stashing Terggish Lires in your mattress ...???

Why? To improve insulation?

[Kikapu]

interest rates go up and down. when it goes up they lose and when it comes down they make money. big wow. have you got nothing else to do.

Who are the, "they" ?

[Lordo]

are yopu not reading your own posts kikobullo.

"Private sector loses TL 18.7 billion due to tumbling lira is what it says." what do you think they means.


charlozizziro stop feeding the monkey you hear.

[Kikapu]

are yopu not reading your own posts kikobullo.

"Private sector loses TL 18.7 billion due to tumbling lira is what it says." what do you think they means.


charlozizziro stop feeding the monkey you hear.

I also posted comments by Erdogan regarding interest rates. Perhaps you missed it?

Well, actually the private sector was able to gain on "stronger" TL when the interest rates were higher since it is the prospect of the interest rates being forced down artificially by Erdogan against high inflation to increase growth is causing the depreciation of the Turkish Lire, which the private sector stands to lose and have lost a lot. Erdogan cannot force the TL to be a strong currency when it's economy, inflation and GDP per capita is in the toilet by reducing the interest rates. In fact, the opposite will happen. Despite a weak TL now, Turkey's January exports have declined 10% over January of 2014 when the TL was relatively stronger then, despite oil being 50% cheaper now..

[Nikitas]

Part of my job is to analyse a certain category of Turkish industrial products. What I see is the production of cheap versions of western products, using expired patents, reverse engineering and some dumbing down of the products. Comibed with zero environmental regulation, cheap labor, scandalous export subsidies, these products gained some market share initially. There was zero innovation and this worried me, surprising as it sounds. I posted about this in the past. The possibility of a sudden subsidence of the Turkish economy is worrying.

Now we see a counterattack by the west. Companies responded by bringing out less constly versions of their products, but retaining the essentiacl features. Backed by national quality tests and the specially valuable "made in...." stamp and selling fractionally above the Turkish copies, they are trouncing the cheap imports.

My critical reports on the above products led to an angry protest by the Turkish embassy in Athens. I showed them the comments on American forums, posted by buyers and explained the meaning of the POS abbreviation often used. My comments were far more polite and objective and backed by tests. There were no more protests!

At the same time we see a return of manufacturing from the cheaper markets back to the points of origin. New technologies, CNC machining and the spectre of 3D manufacturing cancel out the advantages of cheap overseas manufacture. Things are getting tough for all countries that focused on cheap manufacturing and export subsidies and there are no plans for any alternatives.

The deficits are a symptom of this deeper problem.

[Lordo]

if for nothing else you should be thankful for the terggish economy for driving prices down for the western consumer. but do i hear a word of thanks, nope, bitch bitch bitch.

it is called capitalism. they exploit the working class of the world all over.

[Nikitas]

You must be old enough to remember the days of cheap Japanese copies. Made in Japan was a joke label. Then Japan took off and now made in Japan is a sign of quality. This happened due to the focus of the Japanese on innovation and quality.

You do not survive long on cheap manufacturing. That is what I am saying.

No matter how cheap you do it, someday someone else will do it cheaper. Eventually you have to innovate or sink, and not much innovation is coming out of Turkey. And that is worrying. A sinking Turkey is dangerous in the area.

PS- as for being thankful, a cheap bicycle makes you smile when you pay, it makes you cry when the welds crack in six months.

[Lordo]

the chinese seem to have done well and doing well still, aint that a bitch.

[Nikitas]

Precisely the point i was making, the Chinese are doing well due to their innovation in new technolgies like photovoltaics, batteries and others. And even so they are facing a slow down in their economy and many of their billionaires are investing in the USA and EU, see yesterday's press for relevant reports.

Old economy sectors like construction, are taking a hit in China, as they are in Turkey and elsewhere.