{"id":12024,"date":"2012-02-24T20:16:24","date_gmt":"2012-02-24T18:16:24","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=12024"},"modified":"2012-02-24T20:16:38","modified_gmt":"2012-02-24T18:16:38","slug":"carry-trade-hala-karli","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/carry-trade-hala-karli\/","title":{"rendered":"Carry Trade H\u00e2l\u00e2 K\u00e2rl\u0131"},"content":{"rendered":"<p>Carry trade, \u00fclkeler aras\u0131ndaki faiz farklar\u0131ndan yararlanarak para kazanma yollar\u0131ndan birisidir. Faizleri d\u00fc\u015f\u00fck bir paray\u0131 bor\u00e7lan\u0131rs\u0131n\u0131z. Faizi daha y\u00fcksek bir \u00fclkedeki finansal varl\u0131klara yat\u0131r\u0131p para kazan\u0131rs\u0131n\u0131z.<br \/>\nBurada dikkat edilecek nokta, yat\u0131r\u0131m yap\u0131lan \u00fclkenin makroekonomik k\u0131r\u0131lganl\u0131klar\u0131 sonucu paras\u0131n\u0131n de\u011fer kaybetmesidir. Bu takdirde d\u00f6viz olarak gelen para, daha d\u00fc\u015f\u00fck miktarda bir de\u011ferle geri d\u00f6nmek zorunda kalabilir.<br \/>\nBizim \u00fclkemizde carry trade denince akla Japon kad\u0131nlar\u0131n\u0131n yen bor\u00e7lan\u0131p, TL&#8217;ye yat\u0131r\u0131m yapmalar\u0131 olay\u0131 gelir. Do\u011frudur da. Bir\u00e7ok Japon, ge\u00e7mi\u015fte T\u00fcrk Liras\u0131 finansal varl\u0131k sat\u0131n alarak de k\u00e2r etmi\u015flerdi.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3016195239\"><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><strong>GE\u00c7M\u0130\u015eTE GET\u0130R\u0130S\u0130 \u00c7OK Y\u00dcKSEKT\u0130<\/strong><br \/>\n\u00d6zellikle 2003 ila 2007 y\u0131llar\u0131 aras\u0131ndaki d\u00f6nemde gerek faizlerin y\u00fcksekli\u011fi gerekse TL&#8217;nin di\u011fer paralar kar\u015f\u0131s\u0131nda de\u011fer kazanma s\u00fcrecinin h\u0131zlanmas\u0131 carry trade yoluyla \u00f6nemli kazan\u00e7lar\u0131 da beraberinde getirmi\u015fti.<br \/>\nT\u00fcrkiye&#8217;nin bu d\u00f6nemde geli\u015fen piyasalara sahip \u00fclkeler aras\u0131nda faiz getirisi ve TL&#8217;nin y\u00fczde 30 ila 50 aras\u0131nda de\u011fer kazanmas\u0131 nedenleriyle carry trade i\u015flemlerinde \u00f6n s\u0131ralarda yer ald\u0131\u011f\u0131n\u0131 g\u00f6r\u00fcyoruz.<br \/>\nDaha sonra ise k\u00fcresel krizin etkisi, risk i\u015ftah\u0131n\u0131n d\u00fc\u015fmesi, T\u00fcrkiye ile d\u0131\u015f d\u00fcnya aras\u0131ndaki faiz farkl\u0131l\u0131klar\u0131n\u0131n azalmas\u0131 ve cari a\u00e7\u0131k sorunumuzun ortaya \u00e7\u0131kmas\u0131 bize y\u00f6nelen bu t\u00fcr spek\u00fclatif fonlar\u0131n da azal\u0131\u015f\u0131na neden oldu.<\/p>\n<p><strong>YILBA\u015eINDAN<\/strong>\u00a0<strong>BU YANA HIZLANDI<\/strong><br \/>\nGe\u00e7en y\u0131l\u0131n ikinci yar\u0131s\u0131nda bu ak\u0131\u015f giderek azald\u0131. Avrupa&#8217;daki krizin derinle\u015fmesi, para politikas\u0131nda deneyimsel bir y\u0131l ya\u015famam\u0131z, faizleri daha da a\u015fa\u011f\u0131ya indirme \u00e7abalar\u0131m\u0131z ve ekonominin k\u0131r\u0131lganl\u0131k noktalar\u0131nda iyile\u015fmelerin olu\u015fmamas\u0131 sadece carry trade&#8217;cileri de\u011fil, bize y\u00f6nelen t\u00fcm d\u0131\u015f sermaye ak\u0131mlar\u0131n\u0131 yava\u015flat\u0131c\u0131 unsurlar olarak ortaya \u00e7\u0131kt\u0131.<br \/>\n\u015eimdi ise bu y\u0131l\u0131n ba\u015f\u0131ndan itibaren trend yine carry trade&#8217;cilerin lehine d\u00f6nd\u00fc.<br \/>\n\u25a0 Faizler \u00e7ift hanelere y\u00fckseldi. Halen y\u00fczde 9&#8217;larda s\u00fcregidiyor.<br \/>\n\u25a0 D\u00fcnyada faiz oranlar\u0131 dip seviyelerini koruyorlar.<br \/>\n\u25a0 Risk i\u015ftah\u0131 Yunanistan sorununun \u00e7\u00f6z\u00fcm\u00fcne paralel olarak artmaya ba\u015flad\u0131.<br \/>\n\u25a0 Cari a\u00e7\u0131\u011f\u0131n b\u00fcy\u00fcmenin yava\u015flamas\u0131yla kontrol edilebilir bir d\u00fczeye inece\u011fi bekleniyor.<br \/>\n\u25a0 TL&#8217;nin de\u011fer kazanma olas\u0131l\u0131\u011f\u0131 sadece Merkez Bankas\u0131 Ba\u015fkan\u0131&#8217;n\u0131n bu y\u00f6ndeki s\u00f6ylemleriyle de\u011fil, d\u00fcnya konjonkt\u00fcr\u00fcndeki iyile\u015fmeler nedeniyle de y\u00fckseliyor.<br \/>\n\u25a0 Avrupa Merkez Bankas\u0131&#8217;n\u0131n ge\u00e7enlerde piyasalara sundu\u011fu 485 milyar Euro&#8217;luk 3 y\u0131l vadeli ve y\u00fczde 1 faiz oranl\u0131 nakit deste\u011fi, bu ay\u0131n 29&#8217;unda tekrarlanacak. Sistemdeki para miktar\u0131 anormal d\u00fczeylere \u00e7\u0131kacak. T\u00fcrkiye de bundan yararlanacak.<br \/>\nBu geli\u015fmeleri ba\u015ftan g\u00f6renler ve y\u0131lba\u015f\u0131n\u0131n hemen sonras\u0131nda TL enstr\u00fcmanlara yat\u0131r\u0131m yapanlar \u00e7ok \u00f6nemli getiriler elde ettiler.<br \/>\nDolar\u0131n TL&#8217;ye kar\u015f\u0131 1.90 d\u00fczeyine eri\u015fti\u011fi ve faizlerin y\u00fczde 11 ya da 12&#8217;lerde dola\u015ft\u0131\u011f\u0131 oca\u011f\u0131n ilk haftas\u0131nda carry trade i\u015flemlerinin k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 buyurun, siz hesaplay\u0131n.<br \/>\n\u00d6n\u00fcm\u00fczdeki d\u00f6nemde de bu e\u011filimin s\u00fcrece\u011fini bekliyorum. T\u00fcrkiye&#8217;ye de y\u00f6nelecek carry trade i\u015flemleri spek\u00fclat\u00f6rlerine iyi para kazand\u0131racak gibi g\u00f6r\u00fcn\u00fcyor.<br \/>\nOysa cari a\u00e7\u0131k sorunumuz olmasa ve enflasyon oran\u0131m\u0131z y\u00fczde 5&#8217;lerin alt\u0131nda kalsayd\u0131 bu kadar kolay para kazanma olana\u011f\u0131 ortaya \u00e7\u0131kmayacakt\u0131 diye d\u00fc\u015f\u00fcn\u00fcyorum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carry trade, \u00fclkeler aras\u0131ndaki faiz farklar\u0131ndan yararlanarak para kazanma yollar\u0131ndan birisidir. Faizleri d\u00fc\u015f\u00fck bir paray\u0131 bor\u00e7lan\u0131rs\u0131n\u0131z. Faizi daha y\u00fcksek bir \u00fclkedeki finansal varl\u0131klara yat\u0131r\u0131p para&hellip;<\/p>\n","protected":false},"author":418,"featured_media":5395,"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-12024","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\/12024","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\/418"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=12024"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/12024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/5395"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=12024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=12024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=12024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}