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Ankara’s bad habits
The Wall Street Journal now has an online Turkish portal. It’s very useful. The other day, it carried a piece on the agenda of Turkey’s Cabinet. In 2012, a whopping 60…
Some of this, some of that
We sure do not desire a drastic increase in these rates within a short time frame. But given the low domestic savings rate, all you can do is to wait for your destiny. I…
Why was I a homebirth baby?
Since the Gezi Park incident, I have started to differentiate between rural and urban people when thinking about world affairs. The other day I was waiting my turn in a…
How did the chief of General Staff become a terrorist?
The Recep Tayyip Erdoğan government had two goals when it “trimmed” the Turkish Armed Forces (TSK) in legal, psychological, political, technical, intelligence and social…
Savings are astonishingly low
Turkey’s savings rate is low in comparison to not only the BRICs but also developing and upper-middle income countries. I previously compared the savings rates of…
The second half 2013 at a glance
Industrial output growth in the first quarter was radically below the impressive rates in 2011. Yet, there is the bright side of the story. Industrial output figures for…
Turks have not forgotten the inflation of old
We had another lottery millionaire during the holy month of Ramadan this year. The lottery is a peculiar institution: It is about guessing six randomly drawn numbers.…
Why gold imports are increasing?
The current environment is evidently marked by uncertainties, which is the nemesis of the confidence in the economy. Although a week has passed after its release, I…
Turkey’s prospects
Turkey’s political, psychological and security climate is getting heavier. Three elections lie ahead along with significant developments that can affect the process. At…
Why did Jeff Bezos buy the Washington Post?
Amazon has begun to move toward producing a light newspaper, or even a magazine. I think it is necessary to look at the purchase of the Washington Post by Jeff Bezos…
Turkey’s evaporating competitive advantage
Competitive advantage based on exchange rate proves temporary in the end turning into inflation and fading away shortly. Consumer price inflation (CPI) figures for July…
Why are Africans so optimistic?
According to the results of a global poll on optimism, African countries dominate US-based research company Gallup recently released the results of a poll on optimism in…