The Russian Ruble is at its weakest level in nearly two years with ruble touching 66.7099. The US will be applying new sanctions for Russia’s use of a chemical agent, Novichok, to poison former Russian spy Sergei Skripal in the UK.
The US is doubling tariffs to Turkey’s metals. This has caused the Turkish Lira to drop 15%.
I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!
— Donald J. Trump (@realDonaldTrump) August 10, 2018
The DXY US Dollar Currency Index is at a 52 week high at 96. The strongest dollar index readings were about 154 in 1984 and 112 in 2001. Having a strong dollar versus major currencies like the Euro and the Yen have more of an impact on the index.
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Depends what you mean by “collapse” Russia’s economy is now 1/20th that of the USA. Essentially, it is already “collapsed.
Depends what you mean by collapse””Russia’s economy is now 1/20th that of the USA.Essentially”””” it is already “”””collapsed.”””””””
Yeah, and Hillary was the apex of sophistication and grace? Obama was the pinnacle of intelligence? Substance and accomplishments are a hell of a lot more important than any supposed ‘elegance’ or ‘class’. I think that one of the things our political ‘elite’ are worried about, that we’re going to expect positive accomplishments going forward instead of sharp creases and eloquent promises that never come to pass.
Yeah and Hillary was the apex of sophistication and grace? Obama was the pinnacle of intelligence?Substance and accomplishments are a hell of a lot more important than any supposed ‘elegance’ or ‘class’. I think that one of the things our political ‘elite’ are worried about that we’re going to expect positive accomplishments going forward instead of sharp creases and eloquent promises that never come to pass.
Whatever you say, Matteo.
Where was no treaty. It was a Communiqué.
Whatever you say Matteo.
Where was no treaty. It was a Communiqué.
Russians are not really freezing or starving. You should really stop posting nonsense
Russians are not really freezing or starving. You should really stop posting nonsense
GDP PPP is the standard economists use to compare contries and they have been used it for ages. Your opinion is irrelevant
GDP PPP is the standard economists use to compare contries and they have been used it for ages. Your opinion is irrelevant
You don’t compare countries with PPP unless you are interested in how many hamburgers people afford. The only time to look at PPP is to use PPP/capita to determine standard of living.
You don’t compare countries with PPP unless you are interested in how many hamburgers people afford. The only time to look at PPP is to use PPP/capita to determine standard of living.
Russia signed a treaty guaranteeing the borders of Ukraine. In return Ukraine gave away nuclear weapons and missiles. Maybe Russia would like to honor the treaty before they freeze or starve to death.
Russia signed a treaty guaranteeing the borders of Ukraine. In return Ukraine gave away nuclear weapons and missiles. Maybe Russia would like to honor the treaty before they freeze or starve to death.
You can look here: flickr [ dot ] com [ slash ] photos [ slash ] 141296626@N02 [ slash ] sets [ slash ] 72157695809841185
You can look here: flickr [ dot ] com [ slash ] photos [ slash ] 141296626@N02 [ slash ] sets [ slash ] 72157695809841185
False. Russia GDP in PPP is about $4T and the US is not even $20T And Russia has 1/3 of the people of the US so not so bad Nd it has always been like that, so there has been no “collapse” it was a lie buy the ameritard, same as the collapse of Iran, Cuba, China and everybody else
False. Russia GDP in PPP is about $4T and the US is not even $20T And Russia has 1/3 of the people of the US so not so bad Nd it has always been like that so there has been no collapse”” it was a lie buy the ameritard”” same as the collapse of Iran Cuba”” China and everybody else”””
Ｉｎ case you have not noticed you are dealing with Warren the Ape, AKA Libratrs, AKAShrillary .You may be interested to have a look here: https://www.flickr.com/photos/141296626@N02/sets/72157695809841185 Take care!
Ｉｎ case you have not noticed you are dealing with Warren the Ape AKA Libratrs AKAShrillary .You may be interested to have a look here: https://www.flickr.com/photos/141296626@N02/sets/72157695809841185Take care!”
Authorities in Russia said they were fearful of shortages when it came to basic food supplies, such as meat and cheese. The country could see a shortage of meat and dairy in 2016, according to a report released by Russian news agency Ria Novosti Wednesday, as a result of ongoing sanctions. https://staging-nextbigfuture.kinsta.com/2015/11/russia-faces-dropping-currency-reserves.html Do people remember in 2015 whn the US purt sanctions on Russia and Russia was deemed to collapse in a few months?
Authorities in Russia said they were fearful of shortages when it came to basic food supplies such as meat and cheese. The country could see a shortage of meat and dairy in 2016 according to a report released by Russian news agency Ria Novosti Wednesday as a result of ongoing sanctions.https://staging-nextbigfuture.kinsta.com/2015/11/russia-faces-dropping-currency-reserves.html Do people remember in 2015 whn the US purt sanctions on Russia and Russia was deemed to collapse in a few months?
Oh, and even if he did ‘make the Lira slide’, so what? That’s Turkey’s problem, not ours. Trump is President of the United States, not the World or Turkey or OcasioLand or whatever.
Oh and even if he did ‘make the Lira slide’ so what? That’s Turkey’s problem not ours. Trump is President of the United States not the World or Turkey or OcasioLand or whatever.
I was just about to reply about that.:) Turkey has been mismanaging the Lira long before Trump made this tweet. Scroll up if interested to learn more about that. I posted more detailed response to this article in general.
I was just about to reply about that.:)Turkey has been mismanaging the Lira long before Trump made this tweet. Scroll up if interested to learn more about that. I posted more detailed response to this article in general.
Clarification…I know his comments didn’t cause the currency to slide.
Clarification…I know his comments didn’t cause the currency to slide.
Hey man, I I think he’s relatively harmless, but very low class. I don’t like him making light of penalties being applied to a barely cooperative barely allied barely friendly regional power on Twitter. He shouldn’t make flip comments about policy decisions that cause a “currency to slide.” it’s profoundly retarded. Like slack-jawed hillbilly retarded.
Hey man I I think he’s relatively harmless but very low class. I don’t like him making light of penalties being applied to a barely cooperative barely allied barely friendly regional power on Twitter. He shouldn’t make flip comments about policy decisions that cause a currency to slide.”” it’s profoundly retarded. Like slack-jawed hillbilly retarded.”””
What is ‘unprofessional’ about his Tweets? He’s POTUS. He can tweet whatever he dâmn well likes.
What is ‘unprofessional’ about his Tweets? He’s POTUS. He can tweet whatever he dâmn well likes.
This has caused the Turkish Lira to drop 15%.” No. The Lira was already dropping/inflating because the Turks have been expanding their supply of base money into circulation by a lot. The answer to fix this is simple: Have the central Turkish bank sell foreign reserves for Lira and then remove that Lira from circulation. At least until the crisis has passed. But Erdogan doesn’t want the crisis the pass. Plus, his type of crowd always set themselves up to make it rich off of insider knowledge of a coming devaluation. But hey! W/o people doing research and posting articles like this out of ignorance, who cares right? BLAME TRUMP! For those how are serious about learning more about what I just wrote: newworldeconomics.com/turkeys-currency-failure-is-easy-to-fix/
This has caused the Turkish Lira to drop 15{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}.””No. The Lira was already dropping/inflating because the Turks have been expanding their supply of base money into circulation by a lot.The answer to fix this is simple: Have the central Turkish bank sell foreign reserves for Lira and then remove that Lira from circulation. At least until the crisis has passed.But Erdogan doesn’t want the crisis the pass. Plus”” his type of crowd always set themselves up to make it rich off of insider knowledge of a coming devaluation. But hey! W/o people doing research and posting articles like this out of ignorance”” who cares right? BLAME TRUMP!For those how are serious about learning more about what I just wrote:newworldeconomics.com/turkeys-currency-failure-is-easy-to-fix/”””
No sympathy for Erdogan. He once said that Democracy is like a train- when you reach your destination you get off. I’ve know some good, smart Turks. Sad that Erdogan has brought this on his country- he is not representative of many of his people.
No sympathy for Erdogan. He once said that Democracy is like a train- when you reach your destination you get off.I’ve know some good smart Turks. Sad that Erdogan has brought this on his country- he is not representative of many of his people.
Trump’s tariffs are catching headlines but the more immediate cause behind today’s drop is the ECB announcing that it was reviewing the exposure of several European banks to the Turkish bond and FX market. BBVA, BNP Paribas, Santandar, etc. have all announced that they are reducing their exposure to Turkey. Why? Turkey’s Central bank is no longer independent. They should have hiked their interest rates several times in the last six months but instead they’ve bowed to Erdogan’s wishes. Turkey runs a very large external current account deficit and they have for a long time. They’re not a large enough country to borrow money denominated in their own currency on the global market. Now the bill has come due and suddenly it’s someone else’s fault that they’re struggling to pay. They can blame the U.S. and Trump all they want. At the end of the day the responsibility rests with Turkey.
Trump’s tariffs are catching headlines but the more immediate cause behind today’s drop is the ECB announcing that it was reviewing the exposure of several European banks to the Turkish bond and FX market. BBVA BNP Paribas Santandar etc. have all announced that they are reducing their exposure to Turkey. Why? Turkey’s Central bank is no longer independent. They should have hiked their interest rates several times in the last six months but instead they’ve bowed to Erdogan’s wishes.Turkey runs a very large external current account deficit and they have for a long time. They’re not a large enough country to borrow money denominated in their own currency on the global market. Now the bill has come due and suddenly it’s someone else’s fault that they’re struggling to pay. They can blame the U.S. and Trump all they want. At the end of the day the responsibility rests with Turkey.
Very unprofessional communications emitted by POTUS (as usual). I never watched his show. I thought Türkiye basically sold fruit to Europe. I was unaware if my Chrysler Town and Country contained Turkish steel – it just might.
Very unprofessional communications emitted by POTUS (as usual). I never watched his show. I thought Türkiye basically sold fruit to Europe. I was unaware if my Chrysler Town and Country contained Turkish steel – it just might.
Whatever you say, Matteo.
Where was no treaty. It was a Communiqué.
Yeah, and Hillary was the apex of sophistication and grace? Obama was the pinnacle of intelligence?
Substance and accomplishments are a hell of a lot more important than any supposed ‘elegance’ or ‘class’. I think that one of the things our political ‘elite’ are worried about, that we’re going to expect positive accomplishments going forward instead of sharp creases and eloquent promises that never come to pass.
Depends what you mean by “collapse”
Russia’s economy is now 1/20th that of the USA.
Essentially, it is already “collapsed.”
Russians are not really freezing or starving. You should really stop posting nonsense
GDP PPP is the standard economists use to compare contries and they have been used it for ages. Your opinion is irrelevant
You don’t compare countries with PPP unless you are interested in how many hamburgers people afford. The only time to look at PPP is to use PPP/capita to determine standard of living.
Russia signed a treaty guaranteeing the borders of Ukraine. In return Ukraine gave away nuclear weapons and missiles. Maybe Russia would like to honor the treaty before they freeze or starve to death.
You can look here: flickr [ dot ] com [ slash ] photos [ slash ] 141296626@N02 [ slash ] sets [ slash ] 72157695809841185
False.
Russia GDP in PPP is about $4T and the US is not even $20T
And Russia has 1/3 of the people of the US so not so bad
Nd it has always been like that, so there has been no “collapse” it was a lie buy the ameritard, same as the collapse of Iran, Cuba, China and everybody else
Ｉｎ case you have not noticed you are dealing with Warren the Ape, AKA Libratrs, AKAShrillary .You may be interested to have a look here:
https://www.flickr.com/photos/141296626@N02/sets/72157695809841185
Take care!
Authorities in Russia said they were fearful of shortages when it came to basic food supplies, such as meat and cheese. The country could see a shortage of meat and dairy in 2016, according to a report released by Russian news agency Ria Novosti Wednesday, as a result of ongoing sanctions.
https://www.nextbigfuture.com/2015/11/russia-faces-dropping-currency-reserves.html
Do people remember in 2015 whn the US purt sanctions on Russia and Russia was deemed to collapse in a few months?
Oh, and even if he did ‘make the Lira slide’, so what? That’s Turkey’s problem, not ours.
Trump is President of the United States, not the World or Turkey or OcasioLand or whatever.
I was just about to reply about that.:)
Turkey has been mismanaging the Lira long before Trump made this tweet.
Scroll up if interested to learn more about that. I posted more detailed response to this article in general.
Clarification…I know his comments didn’t cause the currency to slide.
Hey man, I I think he’s relatively harmless, but very low class. I don’t like him making light of penalties being applied to a barely cooperative barely allied barely friendly regional power on Twitter. He shouldn’t make flip comments about policy decisions that cause a “currency to slide.” it’s profoundly retarded. Like slack-jawed hillbilly retarded.
What is ‘unprofessional’ about his Tweets? He’s POTUS. He can tweet whatever he dâmn well likes.
” This has caused the Turkish Lira to drop 15%.”
No. The Lira was already dropping/inflating because the Turks have been expanding their supply of base money into circulation by a lot.
The answer to fix this is simple: Have the central Turkish bank sell foreign reserves for Lira and then remove that Lira from circulation. At least until the crisis has passed.
But Erdogan doesn’t want the crisis the pass. Plus, his type of crowd always set themselves up to make it rich off of insider knowledge of a coming devaluation.
But hey! W/o people doing research and posting articles like this out of ignorance, who cares right? BLAME TRUMP!
For those how are serious about learning more about what I just wrote:
newworldeconomics.com/turkeys-currency-failure-is-easy-to-fix/
No sympathy for Erdogan. He once said that Democracy is like a train- when you reach your destination you get off.
I’ve know some good, smart Turks. Sad that Erdogan has brought this on his country- he is not representative of many of his people.
Trump’s tariffs are catching headlines but the more immediate cause behind today’s drop is the ECB announcing that it was reviewing the exposure of several European banks to the Turkish bond and FX market. BBVA, BNP Paribas, Santandar, etc. have all announced that they are reducing their exposure to Turkey. Why? Turkey’s Central bank is no longer independent. They should have hiked their interest rates several times in the last six months but instead they’ve bowed to Erdogan’s wishes.
Turkey runs a very large external current account deficit and they have for a long time. They’re not a large enough country to borrow money denominated in their own currency on the global market. Now the bill has come due and suddenly it’s someone else’s fault that they’re struggling to pay. They can blame the U.S. and Trump all they want. At the end of the day the responsibility rests with Turkey.
Very unprofessional communications emitted by POTUS (as usual). I never watched his show.
I thought Türkiye basically sold fruit to Europe. I was unaware if my Chrysler Town and Country contained Turkish steel – it just might.