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Turkey’s Currency Meltdown
Wall Street Journal ^ | 23 May 2018 | WSJ Editorial Board

Posted on 05/24/2018 12:14:14 PM PDT by BeauBo

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To: BeauBo

Got it....

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


61 posted on 05/26/2018 12:46:08 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming))
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Buy PM’s.


62 posted on 05/26/2018 12:51:13 PM PDT by Concentrate (ex-texan was right and Always Right was wrong, which is why we lost the election. Podesta the molest)
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To: BeauBo

Thanks for insight.

Agree.

I have been watching the exchange rate, but context is important.


63 posted on 05/26/2018 1:39:13 PM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: bert

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.


64 posted on 05/26/2018 1:42:16 PM PDT by BeauBo
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To: Concentrate

There are already effects. Talk about the trucking boycotts. I think it is near. Financial squeeze with crush the Mullahs.


65 posted on 05/26/2018 1:56:05 PM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: MeganC

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.


66 posted on 05/26/2018 11:58:32 PM PDT by DoughtyOne (01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 215.71 from 50% increase 1.2183 yrs..)
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