Cyprus-Forum.com

[kimon07]

.... as Ataturk said.....(Mustafa Kemal to us).

[stpier]

What is the purpose of this thread? Are we really comparing world's 17th economy with a country that has received all max. aid from EU and yet went bankrupt? What a bunch of shameless people.

[bill cobbett]

What is the purpose of this thread? Are we really comparing world's 17th economy with a country that has received all max. aid from EU and yet went bankrupt? What a bunch of shameless people.

Anyone who puts a lot of store in that must be a particularly dim-witted Mushroom.

Let's look at things from an individual perspective, from a per capita angle to see how impoverished people in the Greatee Turkiyee really are compared to ... say, the Republic...

(Figures from the World Bank)

Turkiye almost falls off the bottom the list... it comes in at an appallingly low 56th

Now where's the Republic on the list...???

Cyprus ... 29th... !!!

[stpier]

76 million vs. ????? USA invites Great Turkiye to the G20 table, not the bankrupts!

Let's have a look at 2012's top visited countries with tourist numbers:

1.France 83 million
2. USA 67
3.China 57.7
4.Spain 57
5. Italy 46,4
6.Great Turkiye 35.7 not only great but also beautiful
7.Germany 30.4
8. UK 29.3
9. Russia 25.7
10.Malaysia 25

[bill cobbett]

How easily the dim-witted Mushrooms are led...

Great Turkiye isn't sitting on One Trillion Dollars of HCs...

Enjoy a nice picky... (and we don't mean of your nose stupider)...

[stpier]

So you claim Greece is not bankrupt?

[kurupetos]

76 million vs. ????? USA invites Great Turkiye to the G20 table, not the bankrupts!

Let's have a look at 2012's top visited countries with tourist numbers:

1.France 83 million
2. USA 67
3.China 57.7
4.Spain 57
5. Italy 46,4
6.Great Turkiye 35.7 not only great but also beautiful
7.Germany 30.4
8. UK 29.3
9. Russia 25.7
10.Malaysia 25

China is #3 for Christ sake. Believe me you don't want to live like a Chinese.

[Demonax]

A Glum View on the Turkey ETF

TUR now looks like a shell of the ETF that surged 66% in 2012 and some analysts have some bearish views on the economy there. “A number of EM countries have experienced a marked worsening of their trade balances in the past two years …Another potential problem is when inflows contribute to a rapid increase in bank lending, as their reversal may trigger a credit crunch,” according to research by Capital Economics posted by Ben Levisohn at Barron’s.

Capital Economics went on to say “A country is especially vulnerable when it has a low level of foreign currency reserves…” and that Emerging Europe has “many countries that appear vulnerable on this metric.” Turkey fits the bill as an Emerging Europe nation with a strained foreign currency reserve situation.

The research firm also noted that previously strong currencies and high equity prices as signs of an emerging market’s potential vulnerability to capital outflows. Again, Turkey fits the bill on both fronts.

The currency reserve situation is so tenuous in Turkey that Barclays said the central bank there could be forced to raise interest rates another 100 to 150 basis points later this year, according to Barron’s. That ominous view on Turkey from Barclays comes just two months after the bank said Turkish stocks are one of the investment themes most vulnerable to the Federal Reserve’s plan to taper quantitative easing.

[Demonax]

Bearish Views Mount on Turkey

Ratings agencies see the possibility of a liquidity shortfall in Turkey, news that comes just months after the country garnered an investment-grade credit rating. Turkey’s current account deficit could reach 6.9% by the end of this year, up from just over 6% at the end of last year, Bloomberg reported.

Much of TUR’s recent rockiness can be attributed to anti-government protests aimed at Prime Minister’s Recep Tayyip Erdogan’s regime. However, protests and fears of a liquidity crunch are new territories for Turkey and TUR. Turkey was once viewed as the beacon of stability and economic advancement in the Arab world. TUR was one of the best-performing emerging markets ETFs in 2012, soaring 66%.

However, even if the political situation in Turkey suddenly reverses course for the positive, TUR may not follow suit. The reason being is that Turkish equities are seen as among the most vulnerable in the emerging world to Federal Reserve tapering of its quantitative easing program, speculation of which has plagued U.S. stocks to the tune of a three-day losing streak this week.

[Viewpoint]

You doom and gloom merchants are pathetic losers who do not have anything better to do than pray for Turkeys demise, you have been doing this for all your lives and its makes you pretty pathetic...what do you get out of it?