Fatih Özatay, PhD
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Passiveness prevails in the mid January
Production levels are steeply falling down. The growth estimations for 2009 are modified downwards. There even exists a risk that the economy will contract. So, what…
‘What shall we do’ part for the IMF
Oh Dear, what will happen now? Just yesterday, I was making fun of various expressions of 'I told you so'. However, "I told you so". I swear I did. And what is more, not…
Bubbling bubbles
Since the bubble that emerged in the housing market of the US has burst, we are covered by 'tiny bubbles' all around. Everyone keeps saying "bubble is growing in…
Inflation rate is also hit by the recession
Average year-end inflation rate from 2004 to 2008 is 9 percent. It means that the highest year end inflation since the announcement of the index was in 2008 with the…
Unusual certainty
It is a custom that - though I do not know whether it is so, or if it is, why it is so - calculations are made on the eve of the New Year; what was said about the year…