Skip to comments.Turkey’s Currency Meltdown
Posted on 05/24/2018 12:14:14 PM PDT by BeauBo
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People here like to complain about and China knocking stuff off.
I became aware of an American company exporting Cat and Komatsu parts all over but especially to Africa. All of the parts and there were many many different very specific parts that required close order manufacturing and machineing came from Turkey. The Trurk could pretty much provide a D9
Thanks for insight.
I have been watching the exchange rate, but context is important.
Turkey is a diverse, top 20 economy. They have an advanced domestic arms industry (partners on the F-35 fighter program), broad manufacturing abilities, and have been called the breadbasket of Europe, due to their agricultural productivity.
Looks like their new dictator is taking it on a hard turn toward the rocks.
There are already effects. Talk about the trucking boycotts. I think it is near. Financial squeeze with crush the Mullahs.
I can see why you said that, but in truth the canal wasn’t given back until the year 2000.
Noriega was removed from office in 1989. As soon as he was gone, the nation seemed to return to normalcy.
The canal may have been a shot in the arm in time.
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