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Roubini Topic Archive: Sectors and Industries
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Turkey: Don’t Mess with Loki or TOKİ
For my readers not too familiar with Turkey, TOKİ is not Loki’s little brother. It is the acronym by which the state-run Housing Development Administration is known among Turks. Here’s the intro. to my latest Hurriyet Daily News (HDN) column, where I discuss TOKI and the economic distortions it is creating.You can read the whole [...]
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Turkish Data Support No Easing
As I argued in my most recent Hurriyet Daily News column on Monday, the state of the economy will be an important factor in whether the Central Bank of Turkey (CBT) will ease further. The basic arguments I made there were that: 1. Data are not weak enough to warrant easing. 2. Unless capital flows [...]
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Markets Getting Ahead of the Central Bank of Turkey
One of the leading Turkish economy themes of this past week was the large decline in government bond yields. Here’s the intro. to my latest Hurriyet Daily News column, where I discuss the factors behind the sharp drop in Turkish government bond rates last week, and whether that trend will continue, accompanied by some lira [...]
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State of the Turkish Economy
My upcoming Hurriyet Daily News (HDN) column will be published at 17.00 EST, midnight in Turkey, 22.00 GMT & and 09.00 Eniwetok, Kwajalein time. Nope I don’t have thousands of readers from these Marshallian (as part of Marshall Islands) atolls; I actually thought they were Jedi knights:); I only learned of them when my Blackberry [...]
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Turks Don’t Like Differential Pricing
There is huge outrage at the recently-privatized Istanbul Seabuses (IDO) these days. Any Turkish newspaper usually has at least an article/column a day criticizing the company, which carries passengers and cars around Istanbul as well as to Bandirma and Bursa, the gateways to the Turkish riviera if you are traveling by car from Istanbul. While [...]
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Google Trends and Fun Facts About The Turkish Economy-2
Here is the continuation of Ali G.’s previous guest post, with my comments right below the post: In the last post, I briefly talked about the value of data, how hard it is to obtain reliable data and how technology provides new sources of data. This week I will focus on a particular source, Google [...]
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Economists Can’t Forecast (football)
I had no idea European football (that’s soccer for you Yanks) championship kickoff was today (Friday) until I read the morning papers before starting with this colum. Here is the intro. to the Hurriyet Daily News column that I wrote just before the European championship kick-0ff. I go over the economists’ favorites to win the [...]
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Turkey’s ‘Real’ Real Estate Boom
Rachel Ziemba, regional director at my blog’s host Roubini Global Economics, was in town to meet up with market participants last week, so I invited her and a few finance professional friends to dinner on Wednesday. Here is the intro. to my latest Hurriyet Daily News column, on Turkish real estate (mainly residential) developments. The dinner [...]
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Turkey: Industrial Policy, New Investment Incentives Scheme and the Current Account
The title, cheesy even by my standards, is not actually mine. It was on the front page of a pro-government daily after the new investment incentive scheme (NIS) was announced by Prime Minister Erdoğan, followed by a more detailed presentation by Economy Minister Çağlayan, on April 5-6. Here’s the introduction to my Hurriyet Daily News [...]
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Saving Private Savings: The Turkish Savings Trilogy
In the spirit of The Lord of The Rings, I recently attempted my own trilogy about the low Turkish private savings, along with a cheesy title paying homage to one of my (and everyone’s I guess) favorite WWII movies. In fact, I was never planning a trilogy when I first wrote about the issue right [...]
