{"id":11901,"date":"2012-02-22T09:59:37","date_gmt":"2012-02-22T07:59:37","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=11901"},"modified":"2012-02-22T09:59:37","modified_gmt":"2012-02-22T07:59:37","slug":"umariz-bu-bir-portekiz-sakasidir","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/umariz-bu-bir-portekiz-sakasidir\/","title":{"rendered":"Umar\u0131z bu bir Portekiz \u015fakas\u0131d\u0131r?"},"content":{"rendered":"<p style=\"text-align: justify\" align=\"center\"><strong><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">D\u00fcn takip etti\u011fimiz en \u00f6nemli geli\u015fme TCMB\u2019den gelen a\u00e7\u0131klamalard\u0131. TCMB politika faizlerinde ve gecelik bor\u00e7 alma faizlerinde de\u011fi\u015fikli\u011fe gitmezken, gecelik bor\u00e7 verme faizinde 100 baz puanl\u0131k bir indirim yapt\u0131. Bu indirim bizce k\u00fcresel \u015fartlar pozitif seyretmeye devam ederse, politika faizinde de indirimin gecikmeyece\u011fi anlam\u0131na geliyor. Bu durumda y\u0131lba\u015f\u0131nda TCMB\u2019nin y\u00fcksek fonlama maliyetlerine g\u00f6re yap\u0131lan bir\u00e7ok hesaplama de\u011fi\u015fecektir. Bu da di\u011fer \u015fartlar\u0131n en az\u0131ndan sabit kald\u0131\u011f\u0131 varsay\u0131mda bile, bizce D\u0130BS ve hisse senetlerinde yeni f\u0131rsatlar anlam\u0131na geliyor. <\/span><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-622625117\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p style=\"text-align: justify\"><strong><span style=\"font-family: Calibri\">AB\u2019de kriz biter mi?<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">A\u00e7\u0131k\u00e7a s\u00f6ylemek gerekirse Yunanistan\u2019a verilecek 130 milyar euroluk kredi diliminin onaylanmas\u0131 ve bor\u00e7 kesintilerinin oran\u0131 konusunda anla\u015f\u0131lmas\u0131 AB\u2019nin bug\u00fcne kadar sergiledi\u011fi istikrars\u0131z g\u00f6r\u00fcn\u00fcm i\u00e7in fazla olumlu. Bu durum bizleri \u015fa\u015f\u0131rtmad\u0131 de\u011fil. Hele ki Yunanistan\u2019da nisan ay\u0131nda se\u00e7imler varken anla\u015fman\u0131n bu \u015fekilde neticelenmesi dikkat \u00e7ekici. Her ne kadar d\u00fc\u015f\u00fck perdeden Yunanistan\u2019\u0131n bu krediyi almak i\u00e7in hala yapmas\u0131 gerekenler oldu\u011fu s\u00f6ylense de bunlar \u00e7ok c\u0131l\u0131z ifadeler olarak kald\u0131. G\u00f6r\u00fcnen o ki en az\u0131ndan bir s\u00fcre Yunanistan konusunu g\u00fcndemden d\u00fc\u015f\u00fcrece\u011fiz. D\u00fcn piyasalarda uzun s\u00fcredir olu\u015fan beklentinin ger\u00e7ekle\u015fmesiyle bir miktar kar realizasyonu vard\u0131. Bug\u00fcnden itibaren bu konunun d\u0131\u015f\u0131nda gelecek veri ve haberleri daha fazla dikkate alma vakti.<\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"font-family: Calibri\">S\u0131ra yeniden Portekiz\u2019de mi?<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">E\u011fer bu haber do\u011fruysa AB\u2019de krizin sonlanmas\u0131 \u00e7ok olas\u0131 g\u00f6r\u00fcnm\u00fcyor. FT\u2019de yer alan bir habere g\u00f6re Portekiz mevcut kurtarma anla\u015fmas\u0131n\u0131n \u015fartlar\u0131nda yumu\u015fama talep edebilirmi\u015f. Financial Times\u2019a g\u00f6re \u00fclkede muhalefet ve i\u015f d\u00fcnyas\u0131 h\u00fck\u00fcmete \u015fartlar\u0131n yumu\u015fat\u0131lmas\u0131 i\u00e7in yeniden m\u00fczakere yap\u0131lmas\u0131 konusunda bask\u0131 yapmaya ba\u015flam\u0131\u015f. Yunanistan\u2019\u0131 iki kez kurtarmak zorunda kalan AB\u2019nin PIIGS\u2019de ayn\u0131 senaryoyu tekrarlama ihtimali dahi endi\u015fe yarat\u0131yor. \u015eimdilik bu haberi, sadece y\u00fcksek sesle dillendirilen bir d\u00fc\u015f\u00fcnce olarak g\u00f6rmeyi tercih ediyoruz. Yunanistan anla\u015fmas\u0131n\u0131n Yunanistan\u2019\u0131 kurtarmaya yetmeyece\u011fi, ilerleyen y\u0131llarda yeni kurtarma paketlerinin ka\u00e7\u0131n\u0131lmaz oldu\u011fu yorumlar\u0131n\u0131n oldu\u011fu bir ortamda, kurtar\u0131lan \u00fclkelerin herhangi birinden gelecek mali \u00f6nlemlerde gev\u015feme haberi kurtarma planlar\u0131n\u0131n g\u00fcvenirlili\u011fini suya d\u00fc\u015f\u00fcrecektir. Bu nedenle Portekiz haberini ciddiye almak istemesek de b\u00f6yle bir haberin varl\u0131\u011f\u0131n\u0131 bilmek gerekti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"font-family: Calibri\">PMI\u2019lar \u00f6nemli<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">AB krizindeki ate\u015fin d\u00fc\u015fmesiyle, g\u00f6zler bir s\u00fcre k\u00fcresel ekonominin b\u00fcy\u00fcmesine d\u00f6necektir. AB\u2019deki krizin a\u015f\u0131lmas\u0131 i\u00e7in kurtarma paketleri \u00f6nemli olsa da as\u0131l kurtulu\u015f, s\u00fcrd\u00fcr\u00fclebilir bir b\u00fcy\u00fcmenin sa\u011flanmas\u0131ndan, yani \u00e7arklar\u0131n yeniden d\u00f6nmeye ba\u015flamas\u0131ndan ge\u00e7iyor. Bu nedenle de b\u00fcy\u00fcmeye dair ipu\u00e7lar\u0131 verecek veriler \u00f6n plana \u00e7\u0131k\u0131yor. Bug\u00fcn a\u00e7\u0131klanacak Almanya ve Euro B\u00f6lgesi PMI \u00f6nc\u00fc g\u00f6stergeleri de bu a\u00e7\u0131dan \u00f6nemli. Bug\u00fcn s\u0131ras\u0131yla 10:30 ve 11:00 a\u00e7\u0131klanacak bu veriler sonras\u0131 \u00f6nemli hareketler ya\u015fanabilir. ABD taraf\u0131nda ise bug\u00fcn 17:00\u2019da ikinci el konut sat\u0131\u015flar\u0131 verisi a\u00e7\u0131klanacak \u00f6nemli veriler aras\u0131nda. G\u00fcn sonu kapan\u0131\u015f\u0131 bu veri etkisinde ger\u00e7ekle\u015febilir. \u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-family: Calibri\">\u00a0<\/span><\/p>\n<p><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">\u00dczeyir DO\u011eAN \/ Ara\u015ft\u0131rma M\u00fcd\u00fcr\u00fc<br \/>\n<\/span><\/span><\/strong><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">MARBA\u015e Menkul De\u011ferler<br \/>\n<\/span><\/span><\/strong><strong><a href=\"mailto:uzeyir.dogan@marbasmenkul.com.tr\"><span style=\"font-family: Calibri;font-size: small\"><a href=\"mailto:uzeyir.dogan@marbasmenkul.com.trTelefon\">uzeyir.dogan@marbasmenkul.com.tr<\/a><\/span><\/a><\/strong><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\"><br \/>\nTelefon: (0212) 286 30 00<\/span><\/span><\/strong><\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3373285542\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"3167340272\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>D\u00fcn takip etti\u011fimiz en \u00f6nemli geli\u015fme TCMB\u2019den gelen a\u00e7\u0131klamalard\u0131. TCMB politika faizlerinde ve gecelik bor\u00e7 alma faizlerinde de\u011fi\u015fikli\u011fe gitmezken, gecelik bor\u00e7 verme faizinde 100 baz&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/11901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=11901"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/11901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/4711"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=11901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=11901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=11901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}