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Turkey’s attempt might be nonsense; but how about US’s?
Last week we mentioned the "poll tax" argued to be implemented for banks. This week we want to continue with this subject. It is quite fruitful, let us clear the…
Why did Eugene Fama cancelled his subscription to The Economist?
When defining the twenty first century, we will not be able to neglect the first global financial crisis of the world. Perspective of the world and life styles in the…
A new retail confidence index
We can say there is a consensus among economists that in 2010 Turkey's economy will grow at a rate close to long term average growth rate. This will to a large extent be…
Third ‘traditional’ weekend commentary
Since we said 'traditional', let it be the third than the first one, so that it goes with the meaning of 'traditional'. With the global crisis, criticisms of chief…
What is the meaning of this poll tax?
A regulation for the collection of a certain amount of money per branch from banks will be initiated. State Minister Ali Babacan held a press meeting on Thursday. He…
Are you aware of what we have forgotten?
On his way to Russia, Honorable Prime Minister of Turkey repeated the same thing: "Masallah, you are doing very very well." And like a combatant, who, to those pitying…
Back or forth in time?
After the rapid rise in October, industrial production increased at a limited rate in November. On the other hand, capacity utilization rate increased considerably in…
Growth threshold to reduce unemployment
Recently, a number of estimations on 2010 growth were made. The common feature of these estimations is that they are all above the official estimate given in the Medium…
Faith in market
In the last days of 2009, I mentioned that the economic theory is going through hard times. This is particularly the case for macroeconomic theory which tries to explain…
Have you heard about Amazon Kindle?
We might not be aware, but the world is still on a change. I am not talking about the "changes" brought forward to spice up the daily disputes. The world has been…
So, is this how it ends?
What was the magic phrase of the program implemented after the 2001-crisis? It was 'fiscal discipline'. In the aftermaths of the crisis, we first had to put off the fire…
Are you ready for Turkey’s test with the youth?
These are the first days of 2010. The process we are in for a while now somehow reminds me Charles Dickens's "A Tale of Two Cities." Do you remember how the story…