Article

2018-06-21 The Grand Turk

Spengler: Turkey’s economic crisis has just begun

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Posted by 3dc 2018-06-21 00:00|| || Front Page|| [11124 views ] Top
File under: Sublime Porte

#1 Turkey’s banks are shut out of world capital markets

It’s not clear to me why this is so, but they certainly aren’t a risk I’d be comfortable with.

Posted by trailing wife 2018-06-21 08:28|| 2018-06-21 08:28|| Front Page Top

#2 Good time to pick a losing fight, Yippy:
Turkey strikes back, imposes tariffs on $1.8B worth of US goods

Posted by Frank G 2018-06-21 12:34|| 2018-06-21 12:34|| Front Page Top

#3 Is this the Muslim version of Get Woke, Go Broke?

Posted by regular joe 2018-06-21 13:59|| 2018-06-21 13:59|| Front Page Top

#4 > sharp rise in interest rates. But the move failed to stop the free-fall of Turkey’s equity market

Er share prices go down as gilts rise.

Posted by Bright Pebbles 2018-06-21 14:31|| 2018-06-21 14:31|| Front Page Top

#5 the dollar value of the bond has fallen from over 120 euros to around 80 euros.

Ah, what? Maybe with an additional exchange.

Posted by Threarong Grereling4499 2018-06-21 14:50|| 2018-06-21 14:50|| Front Page Top

#6 What's the value of the bond in lira?

Is it below par or is this a stretch?

I vigorously dislike Erdogan and will not holiday in Turkey anymore, but this article is weak sauce.

Posted by Bright Pebbles 2018-06-21 15:14|| 2018-06-21 15:14|| Front Page Top

#7 The US ought to be quietly working the bankers to push this collapse farther faster and deeper, to trigger an uprising against Erdogan and the Islamists.

Posted by Squinty Elmuse7861 2018-06-21 23:22|| 2018-06-21 23:22|| Front Page Top

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