Article

2015-04-17 The Grand Turk

Plot being conducted against Turkish economy: Minister

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Posted by Fred 2015-04-17 00:00|| || Front Page|| [2 views ] Top

#1 Pissed the Saudis, did you?

Posted by g(r)omgoru 2015-04-17 01:42|| 2015-04-17 01:42|| Front Page Top

#2 Well by devaluing the Lira, Erdogan gets his palace 'on the cheap' if it was a fixed-price bid.

Posted by Mullah Richard 2015-04-17 12:16|| 2015-04-17 12:16|| Front Page Top

#3 ..." there had been a dramatic decrease in the country's current account deficit."

Translation: dramatic quantities of money are exiting the country. Foreigner investors pulling back, Turkish citizens moving money abroad. No doubt due to fears of further depreciation of the currency, or fears about the war spreading, or fears about the economy tanking.

He's trying to spin it like it's further proof of a healthy economy, but it's the exact opposite. When people want to invest in your country, you develop a current account deficit (more money coming in than going out). When people want to invest anywhere but in your country, you develop the exact opposite.

Posted by Chunky Angetle4868 2015-04-17 21:56|| 2015-04-17 21:56|| Front Page Top

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