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Export story of the two crises
We continue to our journey: today we will examine the changes in export volume during the 2001 crisis and the global crisis. Commenting on the past developments is…
Foreign fund story of the two crises
I will continue with the comparison of 2001 crisis and the global crisis. Previously I compared the two in terms of unemployment, inflation, and production. Unemployment…
What does the statement by the Central Bank imply?
Yesterday, Central Bank of Turkey (CB) made important statements. How will the changes to be implemented in the monetary policy in the context of this statement affect…
We still deal with virtual issues
Today let us continue with the unemployment issue, which was explained to be virtual not structural, by Mr. Erdogan, the Honorable Prime Minister of Turkey. What do you…
Making things harder for themselves
In some cases it becomes too hard to fight with inflation by changing interest rate policy. This applies particularly for the periods where inflation rate increases in…
Society’s memory can sometimes be too strong
I noticed a story when I was reading the papers on Saturday: at the opening ceremony of a kinder garden in Mardin, a protocol member gives money as a prize to the…
Inflation story of the two crises
Let me say it at once: changes in gross domestic product (GDP) after the 2001 crisis and the 2008 crisis are completely in the opposite direction with the changes in…
Negative differentiation in the economics is not a good thing
Now it is the best of times, and it is the worst of times again. For some, the economy goes like clockwork. The main feature of the economic recovery process we are in…
But, everyone makes mistakes
Basis S2 S3 S4 S5 * Real % change in the end of 2009 compared to the end of 2008 Public expenditures Export of goods and services Corporate credits Consumer credits 7.5…
Growth analysis with two dual character
Yesterday rate of economic contraction for 2009 was announced: 4.7 percent. Contraction is lower than expected. Upon newly announced figures, formerly declared gross…
Those with no internet literacy cannot find a job anymore
Turkey's most critical problem is unemployment. This was the case in 2002; and this still is the case in 2010. In fact, no fundamental change took place since 2002. The…
Activity in bank stocks may be a good sign
Last Thursday Istanbul Stock Exchange (İMKB) was in a strong rise. The stocks of almost four banks were traded; and the İMKB had a historic day in this sense. Sabah…