September Trade Deficit: Core imports brake a record, as exports stagnate
Today’s release of September trade data by Turkstat was exactly in line with the preliminary Customs Ministry Data released in early October, with the 12-month rolling deficit rising
TWF to the rescue?
Bloomberg has recently reported that Turkey’s newly established Sovereign Wealth Fund, or the Turkish Wealth Fund (TWF) as it is called, is in talks with foreign lenders, including the
Interesting decoupling between CDS and the lira…
Upon a query from a friend, I was playing with the data this morning, and noted this interesting divergence between Turkey’s CDS rate and the lira in the latest bout of lira weakness. In
When I see editorials, news flow…
…like this and this, I think of these two charts below: a current account deficit heading toward $40 billion yet less than fully financed by capital inflows, and a short-term debt stock (by
A short article [in Turkish] on some aspects of the Q2 GDP data
We’ve written a short piece for BHT, as Turkey Data Monitor. The article is in Turkish, but all we are saying is that: 1) these growth rates are not all that surprising , given the
It’s the credit, stupid!
Turkey’s new GDP series, released last December, has become a constant source of contention, debate and even agony amongst the analyst community. The latest comments coming from Commerzbank
Mystery of the Missing Inflation
Nouriel Robini wrote on this very hot and pertinent topic in a Project Syndicate column, which is worth taking stock. His take? No one knows what the causes of “lowflation” are, so
Chinese Debt: Should we be or not be scared?
Concerns over the Chinese debt-growth nexus appear to have subsided again, which is greatly helping the broader EM environment. China is somehow managing to grow at 6%+ rate (IMF forecast for
Fischer’s lunch with the FT…and links on low rates
Fed Vice–Chair Stan Fischer has had lunch with the FT, which is featured in FT’s August 19-20 weekend issue. Lots of interesting stuff… In the interview, “Fischer agrees with Greenspan, saying
Robots and Jobs…
This “robot and jobs” stuff is getting exceedingly interesting especially for old-fashioned economists such as myself (who only know how to work with macro “identities”). This