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Armenia and the rise of Turkey

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How could the tur etf outperform all exchange index, in USD if the economy is so crap????
Genuinely asking.so either the economy is not crap , or is planned to be booming soon.
Once again, not a friend of Turkey i see as the ambassador of the green plague in that area..
 
Just had a very quick look
High inflation continues to be a problem in the early 2020s. According to the IMF's estimates, published in the IMF WEO Database of October 2022, Turkey is forecasted to have the world's 20th-largest nominal GDP and 11th-largest GDP by PPP by the end of 2022.
GDP growth: : 2.8% (2018) 0.9% (2019); 1.8% (2020) 11% (2021) 7.3% (Q1-2022);
Inflation (CPI): 83.45% (September 2022)
Foreign reserves: $114.944 billion (January 2022) (Net reserves excluding swap: $-...
Public debt: 40% of GDP (2021)

Well, i think many countries would be happy with that except for inflation
 
A disclaimer: i just purchased a small amount of the etf TUR on the nyse last night after realising the performance during the bear phase...
Do not think i am biaised, i also own US defence ETF (being US, it is attack) as i see more longterm future in both than in local shares such as fmr green wet dreams or similar.
I hope we will keep a thread alive about Turkey and even better we will keep Armenia alive,...
 

Armenia-Russia Relations Are Deteriorating Fast | OilPrice.com

Tensions rise between Armenia and Russia due to criticisms over Moscow's lack of support against Azerbaijani actions, leading Armenia to explore Western partnerships.
oilprice.com
Armenia-Russia relations have been steadily worsening since September 2022, when Azerbaijani forces attacked Armenian territory and seized several square kilometers of land in clashes that left about 400 dead on both sides.

Armenia is a member of the Russia-led Collective Security Treaty Organization and has a bilateral defense agreement with Russia. But both Moscow and the CSTO refused to intervene on Armenia's behalf or condemn Azerbaijan's incursion (only a small CSTO monitoring mission was sent). A few months later Armenia refused to host a CSTO exercise and further downgraded its participation in the bloc.
 
bohemian said:
The US has not lost trust for supporting Ukraine. Are you a Russian bot?
Click to expand...

no they lost trust with me when GW Bush told the world you are 'with us or against us' on entering the Iraq war chasing weapons of mass destruction ( which the US ) covertly sold to them

am i am just a roving student of history

sometimes the facts are still hid in tiny corners behind the wall of propaganda
 
it is a complex Great Game at play.
from ISW report 08 August:
.
The Russian Ministry of Foreign Affairs (MFA) directly responded to recent indications that the Armenian government may be questioning its decades-long security relationship with Russia. The Russian MFA claimed on September 8 that it observed doubts within Armenian official circles and political elite about Armenian bilateral ties with Russia, trilateral Russian-Armenian-Azerbaijani ties, and ties to the Russian-dominated Collective Security Treaty Organization (CSTO). The MFA claimed that Armenian leadership has conducted “unfriendly actions,” including indicators that ISW recently identified: the provision of humanitarian aid to Ukraine, the visit of Armenian Prime Minister Nikol Pashinyan’s wife Anna Hakobyan to deliver the humanitarian aid to Ukraine, and Armenia’s decision to host joint military exercises with the United States.[36] The MFA also criticized Armenian leadership for moving to ratify the International Criminal Court (ICC) Rome Statute and stated that it issued a formal protest to the Armenian Ambassador to Russia, Vagharshak Harutyunyan, in response to these “unfriendly actions.”[37] The MFA’s direct response to these events indicates that Russian anger over indications of Armenian dissatisfaction with Russian security guarantees are not confined to the Russian ultranationalist information space but includes the Russian government.
 
and ...
.
“If Iran takes action against Azerbaijan, the Turkish Army will be quick to respond”
- The Turkish Foreign Ministry
 
getting hot in Nagorno-Karabakh again

..fighting in Stepanakert/ Khankendi between Armenians and Azeris.
 
Dona Ferentes said:
getting hot in Nagorno-Karabakh again

..fighting in Stepanakert/ Khankendi between Armenians and Azeris.
Click to expand...

Whose team is with who here? Is it another West v Russia proxi war? Or, Turkey and Russia playing games? Or, part of the Belt and Road Initiative?
 
well Turkey loves to play both brinkmanship and deal-maker , it might want to be very careful

it already has huge inflation and irritates many players
 
I was badmouthing ..there is an article on their ABC....poor Armenians, collaterals of the Ukraine war....
One by one Kosovo Armenia Croatia and former Yugoslavia , the other green plague moves on, not to say anything of Italy Spain France or former UK....
Never since the rise of Islam more than 1000y ago, have the armies of the prophet conquered so much land and so quickly as in the last 50y, and with the full support of the US of A..in God we trust..but which God?
And we focus on the voice, or me too, BLM, Ukraine while seismic trends in Islam and wef are destroying the bases of our civilisation...
 
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