From Jan 1st - July 15th 2008, Oil moved from $96 - $146 while the US was in recession, big loser was retail $XRT off 22%
11 minutes ago
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A Turkish perspective on the Fed
Below is my latest Hurriyet Daily News column, which you can also read at the Daily News website. I have an addendum coming up very soon, hopefully tomorrow, where I will summarize the different arguments on the Fed’s actions, as I have read several interesting articles after this column was published… While it may [...]
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Davos: Enjoy the Party While it Lasts
Below is the weekly guest column by Taylan Bilgic, which was published on Friday at Hurriyet Daily News. No comments from me this time around, as I am too sleepy- it is past midnight in Turkey right now:) But my own Daily News column is about the Fed’s actions, so it will fit in with [...]
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IMF’s Turkey Article IV Staff Report: Grim Reading
I spent the last couple of hours reading through the IMF’s Turkey Staff Report for the 2011 Article IV Consultation (and the accompanying documents). It is now exactly midnight, and the embargo on the document has been lifted, so I can publish this post:) Let’s cut down to the chase right away: I think the [...]
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More on The Great Gatsby Curve
In this addendum to Monday’s Hurriyet Daily News column, which was also posted here at the blog, I would like to summarize the blogosphere inequality-social mobility debate that led me to write the column. I first noticed the Great Gatsby curve through Paul Krugman, as most other bloggers. As it got spread, a heated exchange [...]
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Turkey and The Great Gatsby Curve
Below is my latest Hurriyet Daily News column, which you can also read at the Daily News website. I have an addendum coming up very soon, hopefully today, where I will summarize the blogosphere debate. But before that I should note that there is a new version of The Great Gatsby coming up to the [...]
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Turkey: Free Healthcare for All – All Who Can Pay
Below is the weekly guest column by Taylan Bilgic, which was published on Friday at Hurriyet Daily News. My comments are, as always, right below the column. [The Turkish economy is periodically struck by balance-of-payments crises caused by the discrepancy between insufficient savings and a weak industrial base. The ensuing current account gaps sooner [...]
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More on the Eurozone Downgrades and Turkey (and other EMs)
Just a short follow-up to Monday’s Hurriyet Daily News column on the impact of Eurozone downgrades on Turkey, which was also posted here. First, on whether the downgrades mattered. Let’s start with the short-run: For France, Spain and the EFSF, it didn’t, but for Portugal, it surely did. Speaking of Portugal, I am off to [...]
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Impact of Eurozone Downgrades on Turkey
Below is my latest Hurriyet Daily News column, which you can also read at the Daily News website. I have a short addendum coming up tomorrow, but before that, I should boast that I was right on target with the EFSF downgrade. But honestly, you didn’t need to be Nostradamus to see that one coming:) [...]
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Turkey: Erdoğan’s Way – in Monetary Policy
Below is the weekly guest column by Taylan Bilgic, which was published today at Hurriyet Daily News. My comments are, as always, right below the column. [The market had barely finished buzzing around the Turkish Central Bank of Gov. Erdem Başçı’s statement Jan. 6 on how 2012 would be “the year the Turkish Lira [...]
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Nice little summary of Turkish economy in French
Published in Le Figaro a couple of days ago, with comments from your friendly neighborhood economist (click to zoom, sorry I had to do it like this, but there was no internet link). Several French-speakers knowledgeable about the Turkish economy found it to be a very good summary, so I should congratulate the journalist, who [...]
