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2018-08-11 The Grand Turk

Turkish lira plunges 14% versus dollar after Trump authorizes doubling metals tariffs on Turkey

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Posted by Fred 2018-08-11 00:00|| || Front Page|| [2 views ] Top
File under: Sublime Porte

#1 [Bloomberg] Erdogan Defiant as Turkey Slides Toward Financial Crisis
Turkish President Recep Tayyip Erdogan is showing no signs of backing down in a standoff with the U.S. that rattled markets. As investors worry about Turkey sliding toward a full-blown financial crisis, the big question now is how far the pain may spread.

“I call out to those in the United States. It is a shame. You are trading a ~~worthless backstabbing~~ strategic NATO ally for a pastor,” Erdogan said Saturday during a rally in the Black Sea port of Ordu, referring to the U.S. decision to sanction Turkey for its imprisonment of an American priest. “You cannot tame our people with threats.”

A plunge in the lira on Friday sent tremors through global markets as tensions flared between the NATO allies. At one point, the currency fell as much as 17 percent against the dollar, fanning fears that the financial tumult could infect Europe and faraway emerging markets.

Posted by Frank G 2018-08-11 14:13|| 2018-08-11 14:13|| Front Page Top

#2 You don't tug on Superman's cape. You don't spit into the wind. Etc., etc.

Posted by Tom 2018-08-11 17:23|| 2018-08-11 17:23|| Front Page Top

#3 You would think, living next door to wonderful lands of comity, Syria and Iraq something would shine with the glare of a missile flare or burp of machine gun fire that .. that certain paths were... just not wise to travel...

Posted by 3dc 2018-08-11 17:50|| 2018-08-11 17:50|| Front Page Top

#4 Instead Erdogan chooses:

Posted by 3dc 2018-08-11 17:52|| 2018-08-11 17:52|| Front Page Top

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