Güven Sak, PhD
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Change of era in Japan
What is expected happened. Liberal Democrats that have been ruling the country for almost five decades lost the elections in Japan. Now, Democratic Party of Japan will…
We are definitely among the top ten in Facebook
The people of this region have an endless passion for being at top. It is always important to be THE first, at least to be among the top five or in the worst case among…
What is the milieu while Bernanke is re-assigned
FED Chairman Bernanke will pursue his duty for another period. Bernanke was an academic that studied on Great Depression period of 1930s. Now in the period of a new…
Do not banks’ shareholders have any fault in this?
Federal Reserve (FED) brings together twelve regional central banks. Among these, Kansas City Central Bank has been organizing a professional conference in Jackson Hole…
Eximbank is more important than the Central Bank
Central Bank of Republic of Turkey (CBRT) goes on to cut interest rates. But, does the Bank do this because things are on track? No, it does not. On the contrary, CBRT…
Have you visited Sankopark?
Have you recently gone to Gaziantep? And if you have, have you also visited Sankopark? I have. Sankopark seemed to me as a sign that the efforts to spread industrial…
Chickens have come home to roost
We are going through complicated times. Interesting things happen. In June, we say "Oh! Thank God the economy contracted only by 10 percent" and cheer up. On the one…
Concepts are not the same anymore
Last week we started to emphasize that in the going period of economic depression, the meaning of concepts is not the same anymore. In the past, we lived in a world we…
What brings Erdogan, Putin and Berlusconi together?
Putin who until today responded to those saying 'Nabucco' as 'With what they are planning to fill it?' or 'what the hell is that?' has talked about Ankara as an…
Single digit GDS interest rate is not a good sign
Write down the fourth of August. On the fourth of August, indicative GDS (government debt securities) was traded at 9.92 in secondary market. GDS interest rate fell to a…
How does the fall in import demand lead to the appreciation of Turkish lira
These are weird days. These are the days where there is a high possibility that it is not logical to say what comes to your mind first. These are the days where the…
Valuable Turkish Lira pushes up unemployment further
We started the week saying "Cause of valuable Turkish Lira is the rise in unemployment". Today, let us proceed saying "Valuable Turkish lira pushes up unemployment…