dow mini plunging, page-42

  1. Osi
    15,985 Posts.
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    A continuation of vast construction projects and no means to pay for them other than money printing against an inflation rate now nearing 15% isn't a good narrative IMHO. And lets not mention several ongoing wars that require financing and an openly fascist/national socialist party now in a tight coalition with Erdogan's Brotherhood group.

    Assuming that the US does not impose sanctions on Turkey for buying Iranian oil, the place will still remain a cheap manufacturing hub which is a plus for some multinationals but the locally oriented firms can't easily pay their USD and EUR debts with TRY.

    Putting the Turkey's Islamo-fascist/anti-Jewish agenda to the side for a moment ……… Tel Aviv investors can certainly make money by sourcing manufactured goods from Turkey. So absurd or not it's probably true.
    Last edited by Osi: 05/07/18
 
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