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Turkey's Foreign trade deficit soars by 79.2 percent in June

How can we solve it? (keep it civilized)

Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Kikapu » Wed Aug 03, 2011 10:50 am

Viewpoint wrote:
Pyrpolizer wrote:
Viewpoint wrote:
Pyrpolizer wrote:VP the fact that I show understanding to you, is simply because I know how you think. I have 2 options: either confront your paranoia, or just let it be.
As for your puzzles regarding my friend Kikapu, I don't know if you have the capacity to ever realize what he REALLY is, but if I were you I would takes his advices VERY VERY seriously.


Pyro to be honest if he was on fire I would not piss on him, he is a danger to TCs and should stay away from TCs forever.

You would do much better to try and address some of the TCs concerns not dismissing them as unimportant as that only breeds mistrust and entrenched views.


Such hatred huh?
And do you really expect to be elevated in my eyes after that? LOL
Anyway, i already told you, take Kikapu's good will advices VERY VERY seriously.
He is not someone who hates his own community, he is not a danger to his own people and he is not alone, I have a few Kibrisli friends locally like him.
It all has to do with justice, i would do exactly the same in favor of the Kibrislis if we were in the 60's, and I knew the facts, and there was internet and information like today.


And I should take your word for it? why???? he is dangerous and an undesirable in the TRNC, luckily he is so scared of visiting the TRNC that his damage to TCs cannot be inacted....I for one would spit in his face as a traitor and sell out of TCs to his GC bum chums.

:lol: :lol: :lol:

All talk no show from VP. :lol:

I offered to meet with you when I was in Cyprus last time and you chickened out, just like you chickened out telling the GC family on the beach in the north recently that they are now a minority in the "trnc". :lol:

The truth is, it is the TCs who are the biggest minority in the "trnc" now, thanks to Fascists traitors like VP and the traitorous TC leadership for selling out the TCs voting power to the settlers and Turkey for cash. "Whores for Cash" is what they are known as far as I'm concerned. But since VP is not a Cypriot and only a illegal squatter himself, he can well relate to the illegal settlers from Turkey than with the TCs from the island. I on the other hand will fight for ALL Cypriots to keep the island for ALL Cypriots, no matter who the enemies of Cypriots are.
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Kikapu » Wed Aug 03, 2011 11:43 am

Turkey's Foreign Trade Deficit at 79.2% in June was a bargain as it seems.

Turkey's foreign trade deficit for the first half of this year soared by 88.2 percent to $53.98 billion, while the export/import coverage ratio dropped from 65.6 percent to 54.9 percent.


http://www.todayszaman.com/news-252306- ... -july.html
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Jerry » Wed Aug 03, 2011 7:12 pm

Kikapu wrote:Turkey's Foreign Trade Deficit at 79.2% in June was a bargain as it seems.

Turkey's foreign trade deficit for the first half of this year soared by 88.2 percent to $53.98 billion, while the export/import coverage ratio dropped from 65.6 percent to 54.9 percent.


http://www.todayszaman.com/news-252306- ... -july.html




And tomorrow Turkish Central Bank has a panic meeting to reverse the rot.
http://www.todayszaman.com/news-252552- ... eting.html

The Turkish Central Bank said on Wednesday it will hold an interim monetary policy committee (MPC) meeting on August 4 to assess concerns regarding eurozone debt problems and the global growth outlook.

The previously unscheduled meeting will take place between 0700-0900 GMT and will announce its decision at 0900 GMT, the bank said in a statement.The announcement comes as lira approaches a two-year low, falling as low as 1.7236 against US dollar on Wednesday morning. It regained some strength after the Central Bank announcement, increasing to 1.6999 against dollar as of 0900 GMT.In a bid to support lira, the Central Bank canceled dollar purchases on July 25. A few days later, Central Bank Governor Erdem Başçı told a press conference that the bank had tools to prevent further weakening of the national currency and that further depreciation could have a negative effect on inflation.Tomorrow's meeting may see him increasing the bank's overnight borrowing rate from 1.5 percent to make the lira more appealing to so-called carry traders, who borrow foreign currencies to invest in higher-yielding assets, according to Bloomberg. Such a move would make the carry trade more attractive and also allow any Turkish banks with excess liquidity to “park it in lira rather than buying foreign currency,” the agency quoted Tevfik Aksoy, chief economist for the region at Morgan Stanley & Co., as saying.The Turkish Central Bank has implemented a monetary policy of keeping interest rates low while requiring banks to maintain a high reserves in order to strengthen fiscal stability and reduce the country's current account deficit.Critics of this policy, which they term “unorthodox,” argue that it has the potential to cost the country's economy dearly. They insist that it has overheated after five consecutive quarters of growth. Others oppose that line of thinking, underlining that with 8.9 percent growth last year and another 11 percent in the first quarter of this year, Turkey has only recovered the losses it incurred by the global financial crisis in 2009. They also point to the capacity utilization rate of the country's manufacturing industry and national employment that still sit below their pre-crisis levels.
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Hermes » Wed Aug 03, 2011 7:31 pm

They insist that it has overheated after five consecutive quarters of growth. Others oppose that line of thinking, underlining that with 8.9 percent growth last year and another 11 percent in the first quarter of this year, Turkey has only recovered the losses it incurred by the global financial crisis in 2009. They also point to the capacity utilization rate of the country's manufacturing industry and national employment that still sit below their pre-crisis levels.


So much for the Turkish "economic miracle"...
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Viewpoint » Wed Aug 03, 2011 7:47 pm

Far better than the Greek one. :lol:
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Jerry » Wed Aug 03, 2011 7:52 pm

Viewpoint wrote:Far better than the Greek one. :lol:


Cretin, the bigger you are the harder you fall.
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Viewpoint » Wed Aug 03, 2011 7:57 pm

Jerry wrote:
Viewpoint wrote:Far better than the Greek one. :lol:


Cretin, the bigger you are the harder you fall.


your clearly the cretin if you think that.
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Hermes » Wed Aug 03, 2011 7:57 pm

Viewpoint wrote:Far better than the Greek one. :lol:


So what are your predictions for the Turkish economy VP? How do you suggest they deal with the soaring trade deficit, the weakening Turkish lira, an overheating economy, and flight of foreign investment? We're all waiting...

PS. Try to answer the question without referring to Greece.
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Viewpoint » Wed Aug 03, 2011 8:13 pm

Hermes wrote:
Viewpoint wrote:Far better than the Greek one. :lol:


So what are your predictions for the Turkish economy VP? How do you suggest they deal with the soaring trade deficit, the weakening Turkish lira, an overheating economy, and flight of foreign investment? We're all waiting...

PS. Try to answer the question without referring to Greece.


Search the web for the Turkish Prime Ministers, The Turkish central bank Governors and Turkish Economy Ministers clarifications on the matter they are far more qualified than me.
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby supporttheunderdog » Wed Aug 03, 2011 9:59 pm

So you trust those who probably got Turkey into this mess to get Turkey out of it?
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