Turkey's Economy is about to BURST - Sorry Ekrem it's Da Truth!!!

[GHook93]

Eskrem actually came out with a good rebuttal so why don't u STFU!

Economic Growth

Q1 2011: 11.6 %
Q2 2011: 8.8 %
Turkey’s 8.8% growth beats expectations - FT.com

From being the biggest economy of the region we develop into economic gravity-center and hegemon with these growth rates.
Dream on Jew-Boy.

So racial epithets help your argument...how?

 

[GHook93]

Is it?

Seems pretty healthy to me in comparison to most national economies.

Well before the credit bubble bursted American was doing pretty well also. It was an artificial boom much like the Turk's artificial boom! When their bubble burst it will be similar to Greece's!

 

[ekrem]

Wishful thinking based on a Jew article with fabricated so-called "facts".
Dream on Jew-Boy.

 

[waltky]

European debt makin' the markets nervous...

Europe default risk signal flashing red
September 16, 2011: The risk of sovereign default in Europe is increasing.

Europe default risks are on the rise. Take one look at the market for credit default swaps, and the probability that Greece will default on its $345 billion in debt is near 100%. Portugal, Ireland, Spain and Italy aren't too far behind. Credit default swaps, or CDSs, are essentially insurance contracts that give bondholders a way to get paid back if a country or a company stops making interest payments on its debt. The data are useful in gauging how worried investors are about potential defaults.

Some investors buy these swaps as contracts on bonds they've previously purchased. Other investors, like hedge funds, simply buy the insurance but not the bonds. "Credit default swaps are basically a thermometer of the market's perception of someone's creditworthiness," says Peter Boockvar, the equity strategist at Miller Tabak + Co. "We're obviously seeing legitimate concerns from the market that these countries will have difficulty paying back what's owed."

For nearly half the countries in the European Union, the price of insuring sovereign debt has increased more than 100% since July 2010. In Greece, credit default swaps have become prohibitively expensive. The sellers of these swaps, or contracts, are currently demanding that buyers pay $6 million up front to protect $10 million worth of Greek bonds, according to data from Markit. "This implies that there's a 100% chance of default," said Anthony Sanders, a professor of finance at George Mason University.

A typical credit default swap functions more like Portugal's swaps. Sellers of Portuguese CDSs currently demand that a buyer pay $1.13 million per year for 5 years worth of insurance on $10 million in bonds. In July 2010, buyers would've paid just $284,000 per year for the same contract. For Ireland, Italy and Spain, the annual costs are now $918,000, $508,000 and $425,000 respectively. After Greece, investors bet that Portugal would be the next member of the European Union to fall, with a default probability of 66%. For Ireland, that figure slips to 51%; the chances of Spain and Italy defaulting are 33% and 28% respectively, according to Markit.

MORE

 

[editec]

Arrogantdogan created an artificial boom using foreign money and the government forcing banks to issue bad loans (sound familiar)!

What Turkish government mechanism "FORCED" banks to give out "bad loans"?

Which loans (I suppose I mean what class of loans) is so obviously bad that they are about to go belly up?

 

[GHook93]

Arrogantdogan created an artificial boom using foreign money and the government forcing banks to issue bad loans (sound familiar)!

What Turkish government mechanism "FORCED" banks to give out "bad loans"?

Which loans (I suppose I mean what class of loans) is so obviously bad that they are about to go belly up?

It's regulation, so force and some induce. Like Clinton and Newt's Community Reinvestment Act forced Banks to lend where they shouldn't and the Clinton and Newt Gramm-Leach-Bliley Act induced the banks to lend/take risks where they shouldn't have!

Similar to the Arrogantdogan regulations. Turkey is seeing massive "artificial" economic growth, like the US saw in the late 90s and 00s and pre-'08 bust. It is being stemmed rolled on short-term gains for a long-term collaspe. People forget the short-term gains we made for the collaspe!

Therefore all the great economic news Ekrem can show on how Turkey is doing is meaningless. During the artificial boom in America, people could present similar facts and figures, but they were meaningless!

When Turkey collaspes because of Arrogantdogan's short-sided policies, I just hope they sink far enough for the Kurds to seek an unTurkey contested State, for the Cypriotian to finally kick the Turks off their Island and for the Armenians to finally get justice on the Holocaust!

 

[ekrem]

In which country are hundred of thousands people demonstrating because of the price of their living, Israel or Turkey?

Just because you wish Turkey's collapse it won't happen.
You have a vivid fantasy, and you make ridiculous claims (whatever they are) to come to your wish that Turkey is going to collapse.

In summary:
GHook93: Blablabla.

 

[JStone]

In which country are hundred of thousands people demonstrating because of the price of their living, Israel or Turkey?

LOL, utter one word of criticism against turkey in turkey and wind up in prison under the law prohibiting criticism against turkey or "turkishness".

You're too funny, turkey

 

[Sallow]

Actually..letting Turkey into the EU would probably either soften the economic blow of the Greek problems or solve it completely. Turkey is a resource rich, well educated and young (people wise) nation.

 

[ekrem]

Arrogantdogan created an artificial boom using foreign money and the government forcing banks to issue bad loans (sound familiar)!

What Turkish government mechanism "FORCED" banks to give out "bad loans"?

Which loans (I suppose I mean what class of loans) is so obviously bad that they are about to go belly up?

What "bad loans" ?
Some ridiculous claims from an Opinion writer of right Jew-Newspaper.
Don't believe them and their claims like 13% unemployment etc. Total lies.

Here are "bad loans" from statistics of Central Bank. "Bad loans" as loans who have delays in repayment. All in % of total credits.

http://www.tcmb.gov.tr/yeni/duyuru/2011/BakanlarKurulu_Nisan2011.php

Left is "private household", Right is "corporations, economy"

 

[JStone]

Actually..letting Turkey into the EU would probably either soften the economic blow of the Greek problems or solve it completely. Turkey is a resource rich, well educated and young (people wise) nation.

Turkey is just another jihadist Muslim shithole siding with other shitholes like Iran, Syria and Sudan that is perpetrating the genocide in Darfur. Israel's per capita income is twice that of turkey.

Turkey is a turkey

 

[JStone]

Arrogantdogan created an artificial boom using foreign money and the government forcing banks to issue bad loans (sound familiar)!

What Turkish government mechanism "FORCED" banks to give out "bad loans"?

Which loans (I suppose I mean what class of loans) is so obviously bad that they are about to go belly up?

What "bad loans" ?
Some ridiculous claims from an Opinion writer of right Jew-Newspaper.
Don't believe them and their claims like 13% unemployment etc. Total lies.

Here are "bad loans" from Central Bank. "Bad loans" as loans who have delays in repayment. All in % of total credits.

http://www.tcmb.gov.tr/yeni/duyuru/2011/BakanlarKurulu_Nisan2011.php

Left is "private household", Right is "corporations, economy"

Israel's per capita is twice that of turkey.

Israel has also produced 5 Nobel Prize winners for important advances in science, mathematics and economics.

Number of turkish Nobel Prize winners: Not one

CNBC: Israel, Business Leader And Innovator http://video.cnbc.com/gallery/?video=733309031

Israel's economy has been constant from agriculture in the early days to high tech, medicine, science to its newest industries today solar and green tech. Israel boasts the largest desalinator in the world

Israel is a leader in water technology, pharmaceuticals and green technology,

Warren Buffett: "What you have here is a remarkable group of people doing remarkable things in their field achieving terrific results all over the world."

 

[Sallow]

Actually..letting Turkey into the EU would probably either soften the economic blow of the Greek problems or solve it completely. Turkey is a resource rich, well educated and young (people wise) nation.

Turkey is just another jihadist Muslim shithole siding with other shitholes like Iran, Syria and Sudan that is perpetrating the genocide in Darfur. Israel's per capita income is twice that of turkey.

Turkey is a turkey

That might work on someone who's never been..but I have traveled to Istanbul. It's a modern European city with plenty of "Yuppies" that head up to roof top bars after work for drinks with colleagues. I found the Turks to be much friendlier then Greeks and much more fair with tourists.

Was a great place to visit.

 

[ekrem]

Actually..letting Turkey into the EU would probably either soften the economic blow of the Greek problems or solve it completely. Turkey is a resource rich, well educated and young (people wise) nation.

This thread is just wishful thinking.

 

[ekrem]

 

[GHook93]

-

Turkey’s economy may falter | The World Around You
The present situation of the Turkish stock market reflects the delicacy of the general economic situation. After being one of the best performing emerging markets in 2007, Turkish equities lost more than 50% of their value in 2008, then recovered in 2009 and 2010 to new highs before weakness set in from the start of 2011 and accelerated beginning with the summer.

The bellwether ISE-100 index of the Istanbul Stock Exchange closed Wednesday at 55,238, down 13.3% since the June 12 parliamentary elections that returned Recep Tayyip Erdogan to the prime minister’s office, and after gapping-down from 59,236 to 56,265 in early August. Since then it has recovered from a low of 50,307. The ISE-100 is a capitalization-weighted index that excludes investment trusts.

The ISE-100 is also down from its all-time high just below 71,000 at the beginning of last November. It is now exactly at the level of a medium-term resistance with some support in the high 40,000s and low 50,000s but also an important and well-established long-term resistance just above 57,000 and a further short-term resistance just under 59,000.

The continuing depreciation of the Turkish lira is therefore a problem because it will cause inflation to remain higher than the central bank target for the rest of the current year, and because it will decrease the latitude of the central bank’s policy options. One Thursday, the Turkish lira was trading at 1.765 to the US dollar, approaching its worst level from March 2009 at 1.82-1.83, hit again barely a month ago. Just five months ago the rate was at 1.5 lira to the dollar.

During the 2008-09 the central bank implemented a policy of interest rate cuts combined with exchange rate flexibility that greatly helped the country survive the global financial crisis relatively unscathed.

However, higher inflation (estimated at 5-6% this year and projected at close to 7% next year, compounded according to surveys by plummeting consumer confidence) will likely prevent the central bank from continuing to cut interest rates, which would in turn then increase the damper on investment both domestic and foreign.

Having just won a new parliamentary majority, the ruling party and its leaders may well be more concerned with rewarding its followers and supporters at the expense of a general electorate, which will have to wait at least several years to have another opportunity to express its sentiments on a national scale.

 

[ekrem]

Turkey is seeing massive "artificial" economic growth

The only "artificial" thing is the diameter of your Anus, Gayhook.

Alone in 2010 Turkey added almost 20% of industrial capacity to its base capacity.

 

[JStone]

Actually..letting Turkey into the EU would probably either soften the economic blow of the Greek problems or solve it completely. Turkey is a resource rich, well educated and young (people wise) nation.

This thread is just wishful thinking.

Wishful thinking that turkey ends is criminal conduct.

US condemns Turkey for Turks' role in genocide of 1 million Armenians and Turkey's denial of the Armenian holocaust
Over Turkish protests, House panel calls killing of Armenians 'genocide'

Turkey's Illegal Blockade of Armenia
Congressman Adam Schiff : 2008 : Schiff Introduces Bill Urging End to Turkish Blockade of Armenia

In an annual report released on Thursday, the European Court of Human Rights (ECtHR), the top judicial body to rule on human rights violations in Europe, found that Turkey is by far the worst violator of human rights among the 47 signatory states of the European Convention on Human Rights.

Human rights violations in Turkey « European Court of Human Rights

US criticizes 'human rights violations' in Turkey

Unlawful killings, poor prison conditions, excessively long trials and limits on freedom of expression are among the alleged human-rights violations in Turkey that the U.S. State Department denounced in a recent report.

“Security forces committed unlawful killings; the number of arrests and prosecutions in these cases was low compared to the number of incidents, and convictions remained rare,” the State Department said late Friday in the section devoted to Turkey in its annual report on the status of human rights throughout the world.

U.S. officials also commented on the recent arrests of Turkish journalists, which came too late to be included in this report, saying they would be monitored and addressed in next year’s survey.

During the year human-rights organizations reported cases of torture, beatings and abuse by security forces. Prison conditions improved but remained poor, with overcrowding and insufficient staff training,” the State Department said in its 2010 human-rights report.

“The overly close relationship between judges and prosecutors continued to hinder the right to a fair trial. Excessively long trials were a problem. The government limited freedom of expression through the use of constitutional restrictions and numerous laws,” the State Department said.

“Press freedom declined during the year. There were limitations on Internet freedom. Courts and an independent board ordered telecommunications providers to block access to Web sites on numerous occasions,” it said in the report. “Violence against women, including honor killings and rape, remained a widespread problem.”

US criticizes 'human rights violations' in Turkey - Hurriyet Daily News

Human Rights Watch: Turkey does not protect rights of Kurds and women and places restrictions on internet
Turkey: Make Rights Reform a Priority | Human Rights Watch

Journalists detained in Turkey Without Due Process
Journalists held without due process in Turkey - Committee to Protect Journalists

Turkey's Occupation of Cyprus
[ame=http://www.youtube.com/watch?v=_uvGnmpgzfg]The Turkish Invasion of Cyprus - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=ZcRTbALahIU]George Eugeniou denounces Turkey's occupation of Cyprus - YouTube[/ame]

 

[Sallow]

Actually..letting Turkey into the EU would probably either soften the economic blow of the Greek problems or solve it completely. Turkey is a resource rich, well educated and young (people wise) nation.

This thread is just wishful thinking.

Wishful thinking that turkey ends is criminal conduct.

US condemns Turkey for Turks' role in genocide of 1 million Armenians and Turkey's denial of the Armenian holocaust
Over Turkish protests, House panel calls killing of Armenians 'genocide'

Turkey's Illegal Blockade of Armenia
Congressman Adam Schiff : 2008 : Schiff Introduces Bill Urging End to Turkish Blockade of Armenia

In an annual report released on Thursday, the European Court of Human Rights (ECtHR), the top judicial body to rule on human rights violations in Europe, found that Turkey is by far the worst violator of human rights among the 47 signatory states of the European Convention on Human Rights.

Human rights violations in Turkey « European Court of Human Rights

US criticizes 'human rights violations' in Turkey

Unlawful killings, poor prison conditions, excessively long trials and limits on freedom of expression are among the alleged human-rights violations in Turkey that the U.S. State Department denounced in a recent report.

“Security forces committed unlawful killings; the number of arrests and prosecutions in these cases was low compared to the number of incidents, and convictions remained rare,” the State Department said late Friday in the section devoted to Turkey in its annual report on the status of human rights throughout the world.

U.S. officials also commented on the recent arrests of Turkish journalists, which came too late to be included in this report, saying they would be monitored and addressed in next year’s survey.

During the year human-rights organizations reported cases of torture, beatings and abuse by security forces. Prison conditions improved but remained poor, with overcrowding and insufficient staff training,” the State Department said in its 2010 human-rights report.

“The overly close relationship between judges and prosecutors continued to hinder the right to a fair trial. Excessively long trials were a problem. The government limited freedom of expression through the use of constitutional restrictions and numerous laws,” the State Department said.

“Press freedom declined during the year. There were limitations on Internet freedom. Courts and an independent board ordered telecommunications providers to block access to Web sites on numerous occasions,” it said in the report. “Violence against women, including honor killings and rape, remained a widespread problem.”

US criticizes 'human rights violations' in Turkey - Hurriyet Daily News

Human Rights Watch: Turkey does not protect rights of Kurds and women and places restrictions on internet
Turkey: Make Rights Reform a Priority | Human Rights Watch

Journalists detained in Turkey Without Due Process
Journalists held without due process in Turkey - Committee to Protect Journalists

Turkey's Occupation of Cyprus
[ame=http://www.youtube.com/watch?v=_uvGnmpgzfg]The Turkish Invasion of Cyprus - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=ZcRTbALahIU]George Eugeniou denounces Turkey's occupation of Cyprus - YouTube[/ame]

The US is "condemning" another country for Genocide?

And Blockades?

Seriously amazing considering Slavery, American Indians, the Phillippines, Vietnam and Cuba..

To funny.

 

[ekrem]

Dotted line is purchase order index of Industry, where year 2005 is index 100.

Chamber of Industry, Istanbul branch
http://www.iso.org.tr/GenelIslemler...nts/Arastirma/EkonomiBulteni.pdf?redirected=1