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Why do oil prices not rise while the Middle East is in flames?
The Middle East is not as important for the US as it used to be. It is for China, and unfortunately for Turkey, which has not done its homework. The other day I recalled…
Will the USD hit under 1.92 TL by the end of the year?
Chairing a central bank is a craft, to be executed with wisdom, not algorithms. “Don’t be surprised if the US dollar hits under 1.92 TL by the end of 2013” said Central…
Turkey: Willing for the coalition
The chemical weapon attack in Syria caught the world’s attention. Experts who see this as a turning point are debating how to respond to Bashar al-Assad. The most likely…
Why does Turkey have such a short horizon?
Making things even harder for entrepreneurs, Turkey is now at the dawn of a new process that will further reduce its horizon. Last week I noted that Turkey is in contact…
Overpraising (once again)
The problem is that, Turkey already has been close to the seventeenth place in the world’s ranking of largest economies. Stephen Grosz is a psychoanalyst. His first book…
Last chance in Palestine?
Mahmoud Abbas, the President of the Palestinian Authority (PA), was 58 when the Oslo Accords between Israel and Palestine were signed. That was 20 years ago. The PA at…
Is ideological foreign policy a curse to the economy?
If you were a foreign fund manager, would you be willing to invest your funds into a country which is in bad terms with almost all of its neighbors and is “strongly…
Why does no one have confidence in Turkey?
Turkey found relief due to the recent actions of the Federal Reserve Bank. Today’s troubles, in the same way, will be because the Bank will alter its course of action.…
Would it be better if the CB did not increase the rate?
Raising interest rate might prevent an excessive increase in the exchange rate. But at the end of the day, you cannot escape your fate. The Central Bank Monetary Policy…
The PKK and the problem of disarmament
The goal of the Prime Minister Recep Tayyip Erdoğan government in negotiations with the outlawed Kurdistan Workers’ Party (PKK) was to disarm the organization and…
Domestic savings from the short-term and long-term perspective
In conclusion, Turkey cannot keep up with rich countries just by raising savings and investments. Last Thursday I compared domestic savings rates of Turkey, upper-medium…
Why is Turkey such a lonely country?
On top of this contented solitude, the world is at the dawn of a new era that will exacerbate the isolation of Turkish companies. Are you aware that Turkey is in direct…