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The Central Bank could take a lesson from Steve Jobs
The way to slow down the economy is to increase interest rates. If you want the opposite, do the opposite in financial policy Turkey’s economy is slowing down; its…
The Paris Protocol is bad economics for Palestine
I had a déjà vu experience in Ramallah last Monday. It was like old intifada times. Slogans being chanted, burning tires placed over large rocks blocking cars, children…
How is the atmosphere lately?
The recent upward trend in foreign fund inflows to Turkey will continue and maybe strengthen to some degree. On Thursday I said that I will write on the steps that…
Turkey ranks third in the world in housing price growth
Between June 2011 and 2012, house prices in Turkey increased by 10.5 percent. The rate for Brazil was 18.4 percent As of June 2012, Turkey was third in the world in…
Turkey and the unity of Iraq
The problem in the region goes beyond hosting al-Hashemi or efforts to take the competition of Sunnis and Shiites as a reference point. Tariq al-Hashemi, vice president…
German court has saved the Union
Recent decisions of the ECB and the German Constitutional Court have prohibited things from getting worse. The German Constitutional Court has dismissed the rejections…
You see Samsung when you open up an Apple
Apple is buying parts from its rival because Samsung produces the highest-quality parts at the lowest prices. Apple has needed Samsung to become what it is today. Such…
Growth rate significantly below the potential
Second quarter’s growth rate is substantially below the potential rate of 4.5-5 percent. During July, I speculated on growth rate of the second half of the year. Here is…
The race for the iron rice bowl
A highly disproportional number of university graduates in Turkey are looking for a civil service job. This Ramadan, on August 26, a crowd of unemployed university…
How can generals take initiative from the PKK?
Arguments about the outlawed Kurdistan Workers’ Party (PKK) reminded me of an event that happened years ago. In 1989 PKK attacks increased and many soldiers lost their…
Self-criticism over gold trade
Temporary changes in gold trade overstate both exports and imports. Gold exports and imports became a hot issue once again after the latest foreign trade statistics were…
The number of applicants for public employee exams has reached a million
Over the last decade, the number of public employees has increased by 30 percent. New employment in the public sector in the first half of 2012 was about 250,000. Let’s…