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Obama era is a window of opportunity for Turkey
Today is a historic day. President Obama will begin his term as the President of the United States. Though Israel's latest Gaza operations will force Obama to make…
Search for a bridge to the other side
I have been repeating after and after that the global crisis will affect Turkey through four different channels. There are measures to tackle with the first three,…
Two years lost
I know that my recent columns are depressing, but so is the current situation not only in Turkey but throughout the world. The additional depressing factor in case of…
Have you ever visited the Prime Ministry web site?
United States of America is getting ready for the Obama era. Inauguration is to be held next week. Bush period of "So many leadership with no followers", as Harvard…
Prerequisite for changing the reality is accepting it
You might be discontent with the reality you face. Changing that reality might be the main purpose of your life. However, you cannot fulfill that purpose by pretending…
A bit of geometrics: Circle and chord
Note: Tangent is the line passing through a point on the circle. Chord is the line segment linking two points on a circle. The longest chord of a circle is the one…
Optimistic growth estimations
Estimations for global growth are continuously pushed down. For instance, IMF recently stated that the new estimations to be announced this month will imply relatively…
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…
Are we the control group of an experiment?
Turkish government has been monitoring the financial crisis that has been blatantly arriving here in Turkey as long for almost one and a half years without taking any…
Central Bank shall reconnect with the reality as soon as possible
The world has changed. This was what the International Monetary Fund (IMF) chief economist Olivier Blanchard and Director of Fiscal Affairs Department Carlo Cottarelli…
‘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…
Favorable indicators of yesterday do not give good news anymore
2009 will be year different from those we are used to. Before 2009, it was easier to understand which was a right step and which was a wrong step. The economy was…