{"id":15618,"date":"2012-05-19T14:43:26","date_gmt":"2012-05-19T12:43:26","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=15618"},"modified":"2012-05-20T21:49:52","modified_gmt":"2012-05-20T19:49:52","slug":"draghi-uyuma-avrupaya-sahip-cik","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/draghi-uyuma-avrupaya-sahip-cik\/","title":{"rendered":"Draghi Uyuma Avrupa&#8217; ya Sahip \u00c7\u0131k!"},"content":{"rendered":"<p>Att\u0131\u011f\u0131m ba\u015fl\u0131k bu hafta s\u0131k\u00e7a duydu\u011fum tezah\u00fcratlar aras\u0131nda yer ald\u0131\u2026<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-4055517099\"><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>Hatta\u2026<\/p>\n<p>Haydi Merkel Haydi Merkel Haydi Tam zaman\u0131 Tam zaman\u0131 \u015fimdi\u2026<\/p>\n<p>Alo Merkez Bekliyor Herkez\u2026<\/p>\n<p>Avrupa Avrupa duy sesimizi..\u0130\u015fte bu krizin ayak sesleri\u2026<\/p>\n<p>\u015feklinde devam etti\u2026<\/p>\n<p>Avrupa art\u0131k bir likidite krizinin e\u015fi\u011finde\u2026<\/p>\n<p>\u201cHay bayku\u015f \u00d6zavc\u0131.Prenses dedik ba\u011fr\u0131m\u0131za bast\u0131k iyi bir \u015fey s\u00f6yle\u201d\u2026dedi\u011finizi duyar gibiyim\u2026<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-25407915\"><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<p>Sorunu anlat\u0131y\u0131m..Sonunda iyi bir \u015fey s\u00f6ylicem.Panik yapmay\u0131n\u2026<\/p>\n<p>Nedir bu likidite krizi?<\/p>\n<p>Birka\u00e7 \u015fekilde ortaya \u00e7\u0131kar.Birincisi g\u00fcven ortam\u0131n\u0131n bozulmas\u0131 sonucu ortaya \u00e7\u0131kan bankac\u0131l\u0131k sekt\u00f6r\u00fcn\u00fcn birbiri ile olan nakit ak\u0131\u015f\u0131 kesmesidir.Biz bunu ge\u00e7ti\u011fimiz yaz ya\u015fad\u0131k.Kimin elinde hangi bor\u00e7 sorunlu \u00fclkenin ne kadar tahvili oldu\u011fu bilinmemesi sonucu ortaya \u00e7\u0131km\u0131\u015ft\u0131.Yine hat\u0131rlarsan\u0131z buna Fed \u00f6nderli\u011finde merkez bankalar\u0131n\u0131n ortak swap hatt\u0131 kurulmas\u0131 sonucu a\u015f\u0131labilmi\u015fti\u2026(Para piyasalar\u0131nda arka arkaya sert d\u00fc\u015f\u00fc\u015fler g\u00f6rm\u00fc\u015ft\u00fck)<\/p>\n<p>\u015eimdi geldi\u011fimiz noktada ise halk bankalara olan g\u00fcvenini kaybetmeye ba\u015flad\u0131 ve mevduatlar\u0131 bor\u00e7 sorunlu \u00fclke bankalar\u0131ndan \u00e7ekip g\u00fcvenli liman say\u0131labilecek yerlere y\u00f6nlendiriyor.(ABD ve Alman tahvili,alt\u0131n vs)<\/p><div class=\"bilge-content-2\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1285607414\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"1818807385\"\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>\u00d6zetlemek gerekirse nakit s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 nedeniyle y\u00fckselen faiz ortam\u0131n\u0131n zaten bor\u00e7 yeniden yap\u0131land\u0131rmas\u0131,yava\u015flayan b\u00fcy\u00fcme ile olu\u015fan bat\u0131k krediler nedeniyle sermayeleri erimesi nedeniyle s\u0131k\u0131nt\u0131l\u0131 bir d\u00f6nem ge\u00e7iren bankalar\u0131 k\u0131r\u0131lma noktas\u0131na getirdi.<\/p>\n<p>\u015eimdi soru?<\/p>\n<p>Bankac\u0131l\u0131k sekt\u00f6r\u00fcn\u00fcn sermaye yeterlilikte istenen %7-8 lik \u00e7ekirdek sermaye bulundurma zorunlulu\u011funa kar\u015f\u0131l\u0131k gelen birka\u00e7 ay \u00f6nce 100-200 milyar euro diye konu\u015fulurken \u015fimdi \u0130spanya\u2019da tek bir bankan\u0131n 10 milyar euro sermaye deste\u011fine ve 30 milyar euro likidite deste\u011fine ihtiyac\u0131 oldu\u011fu ortaya \u00e7\u0131k\u0131nca bu konu\u015fulan rakamlar\u0131n \u00e7ok \u00fczerinde bir riskin \u00fczerinde oturdu\u011fumuzu anl\u0131yoruz.<\/p>\n<p>\u00c7\u00f6z\u00fcm.Bu hafta sonu yap\u0131lacak G-8 zirvesinden bir ad\u0131m gelebilir.Politikac\u0131lar\u0131n sorunu g\u00f6rmezden gelmek yerine bankac\u0131l\u0131k sekt\u00f6r\u00fcne sermaye yard\u0131m\u0131 yapabilecek bir mekanizma(esm-efs) \u00fczerinden yada direk yard\u0131m\u2026<\/p>\n<p>\u0130spanya bu konuda ilk ad\u0131m atanlardan hem kemer s\u0131kma y\u00f6n\u00fcnde ald\u0131\u011f\u0131 tedbir ve sistemdeki bankas\u0131n\u0131 devletle\u015ftirmesi sonras\u0131 ilk yapt\u0131\u011f\u0131 \u00e7a\u011fr\u0131 Avrupa Merkez Bankas\u0131\u2019na idi\u2026<\/p>\n<p>Bankalarda iki sorun var.Birincisi sermaye yeterlili\u011fi,ikincisi likidite\u2026<\/p>\n<p>E\u011fer bu h\u0131zda mevduat ka\u00e7\u0131\u015f\u0131 ya\u015fan\u0131rsa ya\u015fanan nakit s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 gecelik faizleri zirveye ta\u015f\u0131yabilir.\u00d6zetle Avrupa Merkez Bankas\u0131ndan istenen faizlerde olas\u0131 ya\u015fanabilecek s\u0131\u00e7ramay\u0131 \u00f6nleyip,mevduat ka\u00e7\u0131\u015f\u0131n\u0131 durduracak g\u00fcven ortam\u0131n\u0131 sa\u011flamas\u0131..<\/p>\n<p>Yani faiz indirimi,yeni bir ihale ya da likidite s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131n\u0131 \u00f6nleyecek farkl\u0131 bir tedbir\u2026<\/p>\n<p>6 haziran Avrupa Merkez Bankas\u0131 toplant\u0131s\u0131 \u00f6ncesi para piyasalar\u0131 hepimizin ba\u015f\u0131na y\u0131k\u0131lmadan politikac\u0131lardan sermaye,ECB\u2019den likidite konusunda acil bir \u00e7\u00f6z\u00fcm bekliyoruz\u2026<\/p>\n<p>Bu sayd\u0131\u011f\u0131m \u00e7\u00f6z\u00fcm mercilerinden herhangi bir sinyal gelmemesi durumunda ise Fed\u2019in olan bitene daha fazla kay\u0131ts\u0131z kalamayaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyorum(swap hatt\u0131 vs)<\/p>\n<p>Sonu\u00e7.\u015eu an para piyasalar\u0131 bu sayd\u0131\u011f\u0131m ad\u0131mlar\u0131n at\u0131lmas\u0131n\u0131 bekliyor\u2026<\/p>\n<p>Dayanabildikleri kadar dayanacaklar\u2026<\/p>\n<p>\u0130MKB:Kurunun yan\u0131nda ya\u015f\u0131nda yand\u0131\u011f\u0131 bir d\u00f6nem ge\u00e7iriyoruz.Verilere bakt\u0131\u011f\u0131m\u0131zda bu ay gerek enflasyon gerek cari a\u00e7\u0131k taraf\u0131nda size hafif pembe bir tablo gelece\u011fini ancak Avrupa ile olan g\u00f6bek ba\u011f\u0131m\u0131z nedeniyle orada ya\u015fanan panik sat\u0131\u015flardan halka a\u00e7\u0131k yabanc\u0131 ortakl\u0131 \u015firketlerinde nasibini ald\u0131\u011f\u0131n\u0131 s\u00f6ylemek durumunday\u0131m.<\/p>\n<p>Gelinen noktalarda endeks her ne kadar 57,000 seviyesinde olsa da \u0130MKB 30 \u015firketlerinden baz\u0131lar\u0131 53,000 hatta 50,000 endeks fiyat\u0131nda\u2026<\/p>\n<p>\u0130nsan ister istemez hisse bazl\u0131 daha nereye d\u00fc\u015febiliriz? diyor\u2026<\/p>\n<p>Panik ortam\u0131n\u0131n olu\u015ftu\u011fu durumlarda sadece nakitte kalmak ad\u0131na fiyat bakmaks\u0131z\u0131n(fiyat realitesinin yitirildi\u011fi durumlar)yap\u0131lan sat\u0131\u015flar\u0131n \u00e7ok kal\u0131c\u0131 olaca\u011f\u0131n\u0131 sanm\u0131yorum.<\/p>\n<p>Avrupa ger\u00e7ekten \u00e7ok k\u0131r\u0131lgan ve pani\u011fe m\u00fcsait.Bu panik t\u00fcm d\u00fcnyay\u0131 sarar ve e\u011fer Merkez Bankalar\u0131 hala bir ad\u0131m atmam\u0131\u015f ise o zaman panik olun.Onun haricinde elinizdeki hissenin olmas\u0131 gereken fiyat mant\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcn\u2026<\/p>\n<p>Alt\u0131n:Para kokusu ve d\u00fczeltme yapman\u0131n vermi\u015f oldu\u011fu rahatl\u0131k nedeniyle 1600 seviyesine hareket etme iste\u011finde\u20261520 destek 1600-1630-1686 diren\u00e7leri takip edilebilir.<\/p>\n<p>Parite:1,263 destek\u2026<\/p>\n<p>Bu hafta \u00c7ar\u015famba yorumda belirtmi\u015ftim.Hala ayn\u0131 noktaday\u0131m.<\/p>\n<p><strong>\u201cHisselerin bulundu\u011fu seviyeler itibariyle cazip ve Merkez bankalar\u0131n\u0131n kap\u0131y\u0131 aralamaya haz\u0131r oldu\u011fu \u015feklinde\u2026\u0130zleyip g\u00f6rece\u011fiz\u2026\u201d<\/strong><\/p>\n<p><strong>Madem bu hafta tezah\u00fcratla ba\u015flad\u0131m \u015fark\u0131yla bitiriyim\u2026<\/strong><\/p>\n<p><strong>Bu da Merkez Bankalar\u0131ndan piyasalara gelsin\u2026<\/strong><\/p>\n<p><strong>\u201cBu kadar y\u00fcrekten \u00e7a\u011f\u0131rma beni\u2026Bir gece ans\u0131z\u0131n gelebilirim\u201d<\/strong><strong><br \/>\n<\/strong><a href=\"https:\/\/twitter.com\/#!\/Figenozavci\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">https:\/\/twitter.com\/#!\/<wbr>Figenozavci<\/wbr><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Att\u0131\u011f\u0131m ba\u015fl\u0131k bu hafta s\u0131k\u00e7a duydu\u011fum tezah\u00fcratlar aras\u0131nda yer ald\u0131\u2026 Hatta\u2026 Haydi Merkel Haydi Merkel Haydi Tam zaman\u0131 Tam zaman\u0131 \u015fimdi\u2026 Alo Merkez Bekliyor Herkez\u2026&hellip;<\/p>\n","protected":false},"author":1,"featured_media":14450,"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-15618","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\/15618","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=15618"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/15618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/14450"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=15618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=15618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=15618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}