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When will Turkey's economic bubble burst?

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Re: When will Turkey's economic bubble burst?

Postby B25 » Thu Aug 22, 2013 1:06 pm

Demon, the TCs are angels as stated by another member on here. They are at fault for nothing. Take it easy, she may just burst out crying.
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Re: When will Turkey's economic bubble burst?

Postby Demonax » Thu Aug 22, 2013 1:13 pm

B25 wrote:Demon, the TCs are angels as stated by another member on here. They are at fault for nothing. Take it easy, she may just burst out crying.


Viewpoint thinks that we are making this stuff up about the Turkish economy just to depress him.

My advice to him is to keep taking the Prozac, not to read the papers and definitely not to read these forums! It'll only send him deeper into despair!
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Re: When will Turkey's economic bubble burst?

Postby Viewpoint » Thu Aug 22, 2013 1:24 pm

So Turkey is about to explode and disappear so what? what sort of satisfaction do you morons get from constantly bring these matters up when you have messed up your own economy, you are hardly experts to comment....Turkey has come back from far worse economic setbacks....get your own house in order.
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Re: When will Turkey's economic bubble burst?

Postby Demonax » Thu Aug 22, 2013 1:50 pm

Viewpoint wrote:So Turkey is about to explode and disappear so what? what sort of satisfaction do you morons get from constantly bring these matters up when you have messed up ....Turkey has come back from far worse economic setbacks.


VP, don’t take it so personally. We have every right to comment on the state of the Turkish economy. And not simply to prove to people like you that you were wrong all along.

Everything is connected. Watching Turkey being pulled apart by its internal contradictions is not just satisfying in itself. Economic pressure can bring a sense of realism to other matters. A crisis is always an opportunity. So enough of your cheap bravado. It is not really the issue here.
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Re: When will Turkey's economic bubble burst?

Postby Viewpoint » Thu Aug 22, 2013 2:39 pm

Demonax wrote:
Viewpoint wrote:So Turkey is about to explode and disappear so what? what sort of satisfaction do you morons get from constantly bring these matters up when you have messed up ....Turkey has come back from far worse economic setbacks.


VP, don’t take it so personally. We have every right to comment on the state of the Turkish economy. And not simply to prove to people like you that you were wrong all along.

Everything is connected. Watching Turkey being pulled apart by its internal contradictions is not just satisfying in itself. Economic pressure can bring a sense of realism to other matters. A crisis is always an opportunity. So enough of your cheap bravado. It is not really the issue here.


If you think that you can benefit like a vulture from the down spiral of the Turkish economy then you are more of a moron than I intially thought. You will never win over oe back the north, its exactly this sort of mentality that lost you 37% of the island in the first place and gave Turkey the green light to come and settle in Cyprus for the last 39 years and counting. You may wish to keep bashing your head against a brick wall in the hope that will make progress and take no notice of the warnings but when your head explodes dont say ı didnt warn you to stop and change direction.
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Re: When will Turkey's economic bubble burst?

Postby repulsewarrior » Thu Aug 22, 2013 4:23 pm

Demonax wrote:
Viewpoint wrote:
Your a moron we have nothing to learn from you.....what has your collapsed economy got to do with the media if you cant even work out the difference that confirms yet again you are a moron and what you have say should never be taken seriously.


Viewpoint, if you took your head out of Turkey's arse occasionally you wouldn't be so wrong all the time about everything and you wouldn't constantly be making such a fool of yourself.

Who was it that told you that Erdogan was an unhinged bigot and not, as you believed, a visionary leader? Who was it that told you that the Turkish 'economic miracle' was built on a credit bubble and would soon implode?

It pays to listen to your betters sometimes because you might learn something. Not that we're expecting any different from you. You're much too dim-witted for that.

All that you have left is to retreat further into your bunker and rant ever more loudly, shouting ever more desperately that everyone is wrong and you are right! Unfortunately, for you, everyone has you pegged.


vp, how is it that you yourself are not interested in Turkey's fate, our lives are intertwined whether we like it or not. frankly, you are smart enough to know that transparency and truth go hand in hand, and that the best result comes from this. we gather information, and exchange it, will not be your prediction or another's that will make things right, there is no "winning", there is always the coming tide of unknowns, but it is nice to know as thinking animals that we can adapt, and overcome what seem natural fears inside us, to prepare, and to change.

...but who can imagine that Erdogan is a George Bush Jr., or a Christofias, certainly not the "Turks", this too is becoming worrisome.

the bubble will burst, they all do, and yes i admire Erdogan's nerve, to build great projects, a bridge he names after a man "his" side adores, a straw that sucks water from "who"? (never mind the riots in Gazi, or the Kurds), and this problem, in Finance, where there is a lack of confidence in him again, because it is "their" money. telekinesis, what?

@Demonmax, i would not have suggested to vp, that he should be listening to his betters on this forum, however i would suggest he should listen to his equals, because that is what we are; otherwise (once again) mr. D., well said.
Last edited by repulsewarrior on Thu Aug 22, 2013 4:49 pm, edited 1 time in total.
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Re: When will Turkey's economic bubble burst?

Postby Demonax » Thu Aug 22, 2013 4:45 pm

Viewpoint wrote:
If you think that you can benefit like a vulture from the down spiral of the Turkish economy...


An economy built on sand is one aspect of Turkey's current malaise. The others are obvious: a leader who lacks credibility, diplomatic isolation, internal chaos, geo-strategic rifts, energy discoveries...

As the plates shift under Turkey's feet, we will look for every opportunity to press our case. You should not be surprised.
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Re: When will Turkey's economic bubble burst?

Postby repulsewarrior » Thu Aug 22, 2013 5:07 pm

Demonax wrote:
Viewpoint wrote:
If you think that you can benefit like a vulture from the down spiral of the Turkish economy...


An economy built on sand is one aspect of Turkey's current malaise. The others are obvious: diplomatic isolation, internal chaos, geo-strategic shifts, energy discoveries.

As the plates shift under Turkey's feet, we will look for our opportunity. You should not be surprised.


indeed what once stood proud as a People has been torn apart by "Turks", of course the birds of prey, and vultures circle, around Turkey, what with the blood spilled. what is Cyprus but a sparrow in all of this? you blame us, but we do not forget, the cycle of life, Cypriots (and even "Greeks") have learned lessons and are changing themselves (painfully), unlike "Turks" they do not imagine that they are anything more than equal to all the other birds.
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Re: When will Turkey's economic bubble burst?

Postby miltiades » Thu Aug 22, 2013 10:13 pm

Viewpoint wrote:
Demonax wrote:
Viewpoint wrote:So Turkey is about to explode and disappear so what? what sort of satisfaction do you morons get from constantly bring these matters up when you have messed up ....Turkey has come back from far worse economic setbacks.


VP, don’t take it so personally. We have every right to comment on the state of the Turkish economy. And not simply to prove to people like you that you were wrong all along.

Everything is connected. Watching Turkey being pulled apart by its internal contradictions is not just satisfying in itself. Economic pressure can bring a sense of realism to other matters. A crisis is always an opportunity. So enough of your cheap bravado. It is not really the issue here.


If you think that you can benefit like a vulture from the down spiral of the Turkish economy then you are more of a moron than I intially thought. You will never win over oe back the north, its exactly this sort of mentality that lost you 37% of the island in the first place and gave Turkey the green light to come and settle in Cyprus for the last 39 years and counting. You may wish to keep bashing your head against a brick wall in the hope that will make progress and take no notice of the warnings but when your head explodes dont say ı didnt warn you to stop and change direction.

VP, haven't you heard? The legal sovereign power over the entire island, as recognized by the international community, is deep in discussions, behind doors I may add, to lease the occupied parts to Israel and America for their strategic interests. Can you imagine what Turkey will do then !
I suppose by that time Turkey will be having its own problems to deal with with such as a civil war !!
The vast majority of Turkish citizens consider Kemal Ataturk a ...Jew, the entire Islamic world also considers the great man as Jewish dictator. The days of occupation are numbered...
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Re: When will Turkey's economic bubble burst?

Postby Kikapu » Thu Aug 22, 2013 10:35 pm

What's with the Turkish Lira lately? Does anyone know? :wink:

Didn’t VP tell us not too long ago that the TL was a stable currency and that the RoC should also adopt it. I think VP was influenced by Erdogan's wishful dream in making the region a Turkish Lira zone to replace the Euro zone. :lol:

Last time I looked, 1 USD bought 2 TL, but the projected rate is to be around 1 UDS = 2.2TL soon, which means another 10% devaluation of the TL. Generally that would be music to the ears of the exporters, but first you need to have a product worthwhile selling more of it abroad, which Turkey doesn’t, therefore, it’s devalued currency becomes a real burden since imports are far greater than it’s exports.

Already petrol is the most expensive in the world per litre where cost to fill up the car has been rising very regularly, and it looks to accelerate even faster as the TL is on a freefall, just because Turkey needs to import almost all of it’s Oil and Gas. This will of course cause a hike in it’s inflation rate, and with the needed higher interest rates to try a slow the TL’s slide will no doubt reduce growth as the cost of borrowing goes up. The whole thing then become a vicious cycle, like a boat with many leaks and you only have very few plugs to try and stop the leaks, but only managing very little in doing so. You may have just bought a little time before sinking.

When comparing Turkey’s unemployed rate based on EU standards, Turkey’s unemployed is between 35%-40%, since most of the women in Turkey are not included in counting the unemployed, so the 9% unemployed rate issued by the government is just a wishful thinking rate. Therefore, high imports, low exports, large monthly trade deficits, which means high CAD, high unemployment, very little growth, political problems with her neighbours and with her own 50% citizens and a government run under it's leader, “Erdogan the Godfather” and his merry men of gangsters for politicians, one should not be surprised in Turkey’s economic downfall, because the smoking mirrors false economy “The Godfather” was able to fool many with, has no place to hide from the markets now.

Good luck to Turkey in solving these problems of her own doing. You’re going to need it!
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