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Is recovery without credit possible?
Latest changes on the volume of loans extended by the banking sector were as follows: First, volume of total credits neither had a downward nor an upward trend over the…
Instead of getting angry at banks…
No matter what type of accusations the officials bring against banks, I believe the essence of the issue is obvious for us: Loan market is different; it does not…
How might 2010 be?
Since May is about to end, it is wise to stop thinking about 2009 and start to focus on 2010. Have you started to think about how 2010 might be? Today let us start doing…
Erdoğan must ask Lula the secret of his success
Luis Inacio Lula da Silva, popular President of Brazil, is visits Turkey today. He is the leader with biggest public support after Obama. As opinion surveys carried out…
What is that banks have been putting us though?
Do you remember the 1994 crisis that Turkey skillfully created though no other part of the world economy was in crisis? The obsession before the emergence of the crisis…
IMF is definitely useful
I guess talking about the IMF will be subject to prior authorization from now on. What we watched on television last week showed us that to do this it is necessary to…
Is the optimism grounded?
The number of positive opinions on both the global crisis and the Turkish economy has recently been increasing. A couple of commentaries that can be considered…
Decreasing automobile prices, rising unemployment
Not only I but also other economists have been discussing since the last autumn on the facilitation of the conditions for benefiting from the unemployment aid, extension…
What is the problem of European banks?
I know that it is weekend. But I do not think there is a rule saying "weekend commentaries should be entertaining, not serious." Can weekends be time of mediation or an…
Impacts of tax rate cut
Private consumption tax imposed on motor vehicles was cut as per a decision made on March 16. According to the March bulletin of Automotive Industrialists Foundation,…
Certain things cannot be tackled by yelling
We are violently angry at banks. Mr. Rifat Hisarcıklıoğlu, President of Union of Chambers and Commodity Exchanges (TOBB), has been angry at them. Recently, Honorable…
On the possibility that we hit the trough
Today I would like to continue with favorable developments. It is still necessary to make a pick-up-with-tweezers operation; but it is okay; I take this trouble to find…