{"id":12567,"date":"2012-03-08T09:52:02","date_gmt":"2012-03-08T07:52:02","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=12567"},"modified":"2012-03-08T09:52:02","modified_gmt":"2012-03-08T07:52:02","slug":"yeni-bir-parasal-genisleme-hikayesi","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/yeni-bir-parasal-genisleme-hikayesi\/","title":{"rendered":"Yeni bir parasal geni\u015fleme hikayesi"},"content":{"rendered":"<p style=\"text-align: justify\" align=\"center\"><strong><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">Piyasalarda de\u011fi\u015fen bir \u015fey yok. Yine Yunanistan ve birka\u00e7 g\u00fcn aradan sonra yeniden parasal geni\u015fleme mesajlar\u0131 \u00f6n planda. D\u00fcn WSJ\u2019da yer alan bir haberde ABD Merkez Bankas\u0131 FED\u2019in sterilize edilmi\u015f tahvil al\u0131m program\u0131 ad\u0131 alt\u0131nda yeni bir parasal geni\u015flemeye gidece\u011fi ifade edildi. Likidite s\u00f6zc\u00fc\u011f\u00fcn\u00fcn duyulmas\u0131 son 3 y\u0131ld\u0131r oldu\u011fu gibi yine piyasalarda al\u0131mlar\u0131 getirdi. Bu konudaki en net a\u00e7\u0131klamay\u0131 \u00f6n\u00fcm\u00fczdeki hafta ger\u00e7ekle\u015fecek olan FED A\u00e7\u0131k Piyasa Komitesi (FOMC) toplant\u0131s\u0131 ard\u0131ndan g\u00f6rece\u011fiz. FED i\u00e7inde daha \u00f6nce yeni parasal geni\u015flemeye kar\u015f\u0131 olan \u00fcyelerin a\u00e7\u0131klanan son olumlu verilerin ard\u0131ndan sesisin daha da y\u00fckselmesi muhtemel. Bu nedenle FOMC toplant\u0131s\u0131 ard\u0131ndan yap\u0131lacak a\u00e7\u0131klamalar parasal geni\u015fleme rallisinin devam edip etmeyece\u011finin i\u015faretini verebilir. <\/span><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-59825982\"><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\">Yunanistan takas\u0131 bug\u00fcn sonlan\u0131yor<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">Yunanistan\u2019da tahvil takas\u0131 i\u00e7in bug\u00fcn son g\u00fcn. Bu sabah itibariyle takas i\u00e7in ba\u015fvuranlar\u0131n oran\u0131n\u0131n %60\u2019\u0131 ge\u00e7ti\u011fine dair yorumlar var. Takas\u0131n ger\u00e7ekle\u015febilmesi i\u00e7in asgari oran %66. Bug\u00fcn gelecek ba\u015fvurularla birlikte bu oran\u0131n yakalanaca\u011f\u0131na neredeyse kesin g\u00f6z\u00fcyle bak\u0131l\u0131yor. As\u0131l ba\u015far\u0131 bu oran\u0131n %90\u2019\u0131 bulmas\u0131 olarak nitelense de piyasalardan %75 \u00fczerindeki bir oran\u0131 da ba\u015far\u0131 olarak yorumlayaca\u011f\u0131na dair i\u015faretler al\u0131yoruz. Bizim beklentimiz bu takas\u0131n bug\u00fcn tamamlanaca\u011f\u0131 y\u00f6n\u00fcnde. Fakat oran %75\u2019in alt\u0131nda kalacak olursa yeni s\u0131k\u0131nt\u0131lar \u00f6n plana \u00e7\u0131kabilir. Takasa kat\u0131lmayanlar\u0131n yasal yollarla takasa zorlanmas\u0131, hukuki s\u00fcrecin ba\u015flamas\u0131 anlam\u0131na da gelecektir. Bu durumda mahkemelerin tahvil sahiplerinin hakl\u0131 talepleri do\u011frultusunda karar vermesi durumunda Yunanistan\u2019da yeniden ciddi bir finansman a\u00e7\u0131\u011f\u0131 olu\u015facakt\u0131r. Bu durum piyasalar\u0131n ne\u015fesini ka\u00e7\u0131rabilir. Bu nedenle tahvil takas\u0131n\u0131n alt s\u0131n\u0131r\u0131n\u0131n yakalan\u0131p yakalanmayaca\u011f\u0131ndan ziyade oran\u0131n ne kadar y\u00fcksek olaca\u011f\u0131 takip edilecektir. %90\u2019\u0131 bulan ya da a\u015fan bir takas oran\u0131 Yunanistan\u2019\u0131n uzun bir s\u00fcre g\u00fcndemden d\u00fc\u015fmesini ve piyasalar\u0131n rahat bir nefes almas\u0131n\u0131 sa\u011flayacakt\u0131r. Bu gece a\u00e7\u0131klanacak bu oran\u0131n etkilerini \u0130MKB\u2019de yar\u0131n g\u00f6rece\u011fiz. Fakat \u00f6ncesinde bug\u00fcn takas\u0131n iyi gitti\u011fine dair yap\u0131c\u0131 daha do\u011frusu te\u015fvik edici nitelikte a\u00e7\u0131klamalar g\u00f6rebiliriz.<\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"font-family: Calibri\">Bug\u00fcn ECB ve haftal\u0131k i\u015fsizlik \u00f6n planda<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">Bug\u00fcn a\u00e7\u0131klanacak veriler i\u00e7inde ilk olarak T\u00fcrkiye\u2019de saat 10:00\u2019da a\u00e7\u0131klanacak olan ocak ay\u0131 sanayi \u00fcretimi verileri takip edilecek. Ard\u0131ndan ise Avrupa Merkez Bankas\u0131\u2019n\u0131n faiz karar\u0131 ve ard\u0131ndan Ba\u015fkan Draghi\u2019nin yapaca\u011f\u0131 konu\u015fma takip edilecek. AMB\u2019nin faizlerde bir de\u011fi\u015fikli\u011fe gitmesi beklenmezken, Draghi\u2019nin ikinci likidite ihalesi sonras\u0131 ortaya \u00e7\u0131kan durum ve \u00fc\u00e7\u00fcnc\u00fc bir ihalenin olas\u0131l\u0131\u011f\u0131na dair yapaca\u011f\u0131 a\u00e7\u0131klamalar piyasalara hareketlik getirebilir. G\u00fcn\u00fcn di\u011fer \u00f6nemli verisi de 15:30\u2019da ABD\u2019de a\u00e7\u0131klanacak olan haftal\u0131k i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131 olacak. D\u00fcn a\u00e7\u0131klanan ve beklentileri a\u015fan \u00f6zel sekt\u00f6r istihdam\u0131 ard\u0131ndan yar\u0131n a\u00e7\u0131klanacak tar\u0131m d\u0131\u015f\u0131 istihdama y\u00f6nelik olumlu beklentiler de artt\u0131. Bug\u00fcn haftal\u0131k i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131n\u0131n da beklentilerden daha d\u00fc\u015f\u00fck gelmesi olumlu havay\u0131 artt\u0131rabilir. As\u0131l hareket ise yar\u0131n a\u00e7\u0131klanacak tar\u0131m d\u0131\u015f\u0131 istihdam verisi sonras\u0131 ortaya \u00e7\u0131kacakt\u0131r. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"font-family: Calibri\">Petrol fiyatlar\u0131na dikkat<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Calibri\">D\u00fcn parasal geni\u015fleme mesajlar\u0131yla birlikte petrol fiyatlar\u0131 yeniden yukar\u0131 d\u00f6nd\u00fc. Brent petrol\u00fcn fiyat\u0131 yeniden 124 dolar \u00fczerinde. Petrol fiyatlar\u0131 parasal geni\u015flemeye dahi ba\u011fl\u0131 olsa T\u00fcrkiye\u2019nin olas\u0131 bir likidite rallisine daha d\u00fc\u015f\u00fck oranda kat\u0131lmas\u0131na neden olabilir. Brent petrolde 127 dolar \u00fczerindeki bir hareket hedefi y\u00fckseltebilir, bu nedenle takip etmeye devam etmekte fayda var. \u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><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\">uzeyir.dogan@marbasmenkul.com.tr<\/span><\/a><br \/>\n<\/strong><strong><span style=\"font-size: small\"><span style=\"font-family: Calibri\">Telefon: (0212) 286 30 00<\/span><\/span><\/strong><\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-4280322002\"><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>Piyasalarda de\u011fi\u015fen bir \u015fey yok. Yine Yunanistan ve birka\u00e7 g\u00fcn aradan sonra yeniden parasal geni\u015fleme mesajlar\u0131 \u00f6n planda. D\u00fcn WSJ\u2019da yer alan bir haberde ABD&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-12567","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\/12567","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=12567"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/12567\/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=12567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=12567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=12567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}