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2018-08-14 The Grand Turk

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Posted by Fred 2018-08-14 00:00|| || Front Page|| [11128 views ] Top
File under: Sublime Porte

#1 The Turkish crisis will not be Greece 2.0 as far as the euro zone is concerned.

I don't think that's how I'd place my bet, especially after you just got finished telling us that French, Spanish and Italian banks (any others, like Germany?) have exposure, which just might translate to significant exposure.

Posted by Raj 2018-08-14 00:25|| 2018-08-14 00:25|| Front Page Top

#2 Every financial crisis has its roots in solvent institutions deciding times are so good it's OK to lend to the insolvent. It always ends the same bad way.

Posted by M. Murcek 2018-08-14 07:29|| 2018-08-14 07:29|| Front Page Top

#3 The Russian ruble, the Indonesian rupiah and the South African rand depreciated heavily.

Put in is punching above his weight and you don’t land grab from your producers.

Posted by Clem Kadiddlehopper9000 2018-08-14 12:46|| 2018-08-14 12:46|| Front Page Top

#4 I guess what I’m trying to say is they made their own mistakes and I think it’s partially that.

Posted by Clem Kadiddlehopper9000 2018-08-14 12:53|| 2018-08-14 12:53|| Front Page Top

#5 Exposure yes but leading German economists say that this crisis is manageable even if Turkey defaults.

Posted by European Conservative 2018-08-14 15:55|| 2018-08-14 15:55|| Front Page Top

#6 I think we'll find real soon now that Russia will begin buoying Turkey economically as the Syrian crisis becomes an afterthought. Why fight for access to the Med when you can just buy it?

Posted by Skidmark 2018-08-14 16:12|| 2018-08-14 16:12|| Front Page Top

#7 It might be cheaper to base out of Turkey than to prop up Assad.

Posted by 3dc 2018-08-14 16:21|| 2018-08-14 16:21|| Front Page Top

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